Mining News

Mgojo elected president as chamber heads for new beginning, new name, rebranding

It is an organisation that is more relevant today than it has ever been in its 128-year history. Its role is so much more than mining. It operates in a changing environment and needs to contemplate its own new identity and name.
(Wed, 24 May 2017 16:33:00 +0200)

Vedanta hits production high spot at Black Mountain

Diversified mining company Vedanta has achieved its highest quarterly production in four years at Black Mountain in South Africa, where the Gamsberg zinc project is on track to begin production towards the middle of next year. In addition, mobilisation on the Skorpion pit layback, in neighbouring Namibia, started last month, the London-listed and India-rooted company said on Wednesday, when it presented preliminary results for the 12 months to March 31.
(Wed, 24 May 2017 09:39:00 +0200)

Oliphant on two-day visit to Vedanta zinc operations

South Africa’s Deputy Mineral Resources Minister Godfrey Oliphant on Wednesday ended a two-and-a-half day visit to Vedanta Zinc International’s Black Mountain complex in the Northern Cape where he was able to take a detailed look at the developmental, operational and social components of the mine’s activities.    Black Mountain mine, which produces zinc, lead, silver and copper, comprises the Deeps and Swartberg shafts and a processing plant, with the development of the new Gamsberg project well under way. The Deputy Minister, who officiated at the Gamsberg project's sod turning ceremony in July 2015, was accompanied by Vedanta Zinc International CEO Deshnee Naidoo during his visit, which began on Sunday evening. 
(Wed, 24 May 2017 16:42:00 +0200)

Wescoal’s Khanyisa Complex produces first coal

JSE-listed Wescoal has received regulatory approval from the Department of Mineral Resources to start producing at its expanded Khanyisa colliery, in Mpumalanga. The company on Wednesday said mining activities have started in the Khanyisa Catwalk, as well as the adjacent Khanyisa Triangle areas near Ogies, with production from the enlarged Khanyisa complex to ramp up to 100 000 t/m over the next six months.
(Wed, 24 May 2017 16:32:00 +0200)

Acacia’s shares fall as Tanzania committee says it under-declared concentrate exports

Acacia Mining’s share price on the LSE fell by more than 20% on Wednesday after it reported that a Tanzanian Presidential Committee that was set up to investigate if mining companies are paying their fair share of taxes, had found that the gold miner had not fully declared all minerals contained in concentrate. Tanzania President John Magufuli on Wednesday released a report compiled by the committee, which was set up late in March and comprised academics and industry professionals, and announced that the directive halting the export of metallic mineral concentrates remains in place.
(Wed, 24 May 2017 12:28:00 +0200)

Lonmin says re-starts two S Africa shafts after protests halted

Platinum producer Lonmin re-opened two of its shafts in South Africa on May 20 after community protests stopped, a spokesperson said on Wednesday. The E2 and E3 shafts, which were temporarily closed after the community demanded jobs at the mine, were fully opened on Saturday but had been paused after the death of a local chief, spokesperson Wendy Tlou said.
(Wed, 24 May 2017 11:55:00 +0200)

IDC approves R218m loan for development of Free State natural gas project

South Africa’s State-owned Industrial Development Corporation (IDC) has approved R218-million in loan finance to support the further development of a natural gas resource in the Free State through the creation of a 107-km pipeline network and associated gas processing facilities. The funding, which remains subject to the fulfilment of certain conditions, will be used by Tetra4, the natural gas subsidiary of JSE-listed energy company Renergen, which is also planning to raise a further R145-million in equity finance to implement the project.
(Wed, 24 May 2017 16:10:00 +0200)

Petmin subsidiary Tendele still in legal dispute with former customer

JSE-listed Petmin on Wednesday said its Tendele Coal Mining subsidiary’s litigation against a former customer, including the High Court action, was still ongoing. Tendele Coal Mining is involved in legal proceedings with one of its former customers pertaining to disputes arising from a supply of discard agreement.
(Wed, 24 May 2017 16:05:00 +0200)

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