Mining News

As beneficiation debate rages, experts insist focus must be on niche sectors, upstream manufacturing

The contentious debate surrounding South Africa’s beneficiation strategy and how best it should be undertaken has been placed under the glare of the spotlight again and has served to intensify tensions between government and the mining industry over continuing mineral policy uncertainty. The debate flared up again in February follow- ing Mineral Resources Minister Ngoako Ramathlhodi’s announcement at the Mining Indaba that government intended to investigate the possibility of imposing developmental pricing on key strategic minerals and compelling producers of precious metals to sell at reduced prices.
(Thu, 02 Apr 2015 08:00:00 +0200)

Implats surges ahead with platinum fuel cell power

Impala Platinum (Implats) CEO Terence Goodlace is championing the marketing of platinum by surging ahead with plans to use platinum fuel cells to produce electricity at the Implats platinum refinery in Springs, on Gauteng’s East Rand. JSE-listed Implats, which is heavily supported by the strong black-owned shareholding of the Bafokeng community, is flying the platinum marketing flag high to counter the metal’s significant recycling position, which demands ongoing market expansion.
(Wed, 01 Apr 2015 10:27:00 +0200)

Village buy-out by Chinese suitors given CompCom go-ahead

The Competition Commission has unconditionally approved Chinese venture capital, private equity and private wealth management firm Heaven-Sent’s acquisition of JSE-listed Village Main Reef. Heaven-Sent in February made an exclusive offer to acquire embattled Village for R12.25 a share, with the intention of delisting the group from the JSE next month.
(Wed, 01 Apr 2015 12:05:00 +0200)

Brown insists Eskom is on ‘solid ground’, as 827 MW in short-term purchases are renewed

State-owned power utility Eskom and Public Enterprises Minister Lynne Brown confirmed on Wednesday that contracts under the so-called short-term power purchase programme (STPPP) had been renewed ahead of the March 31, 2015, expiry date. Eskom told Engineering News Online separately that the renewal followed on from the National Energy Regulator of South Africa’s (Nersa’s) recent approval of the agreements.
(Wed, 01 Apr 2015 16:50:00 +0200)

Despite labour strife, Medupi Unit 6 to be at full power by ‘end-May’

State-owned power utility Eskom said on Wednesday that full power from Medupi Unit 6 should be reached by the end of May and that it was working to ensure that the completion of the remaining five units was not undermined by further technical or labour problems. The first 800 MW unit was synchronised to the national power grid on March 2, and was being tested and optimised to enable its full integration into the utility’s larger operating fleet. Once the other five units are completed the 4 800 MW power plant will represent 12% of the State-owned utility’s installed capacity.
(Wed, 01 Apr 2015 15:50:00 +0200)

South Africa presidency receives 'Marikana massacre' inquiry report

South Africa's presidency said on Tuesday it had received a report on an inquiry into the police shooting of 34 striking mine workers in 2012, the deadliest security action since the end of apartheid. The inquiry, headed by retired judge Ian Farlam, was set up by President Jacob Zuma to look into events that led to the killing of the miners at Lonmin's Marikana platinum mines on August 16, 2012.
(Wed, 01 Apr 2015 09:16:00 +0200)

Talga approved for trial mining in Sweden

Sweden's environmental authorities have given ASX-listed Talga Resources the green light to start graphite test mining at its Vittangi project. The test mining permit will allow for the removal of 2 000 m3 of graphite ore within a specified part of the Nunasvaara resource, and will be valid until the end of September 2018.
(Thu, 02 Apr 2015 06:04:00 +0200)

Kibo kicks off next stage of Rukwa definitive feasibility study

Dual-listed Kibo Mining has started Phase 2, Stage 1 of the definitive mining feasibility study (DMFS) for its flagship Rukwa coal-to-power project (RCPP). This followed the confirmation by Minxcon Projects’ technical experts of the conclusion of the Phase 1, Stage 1 part of the process and the completion of the required planning and preparation, including the first scheduled work activities of the mining prefeasibility study.
(Wed, 01 Apr 2015 16:01:00 +0200)

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