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News This Week
 
JOHANNESBURG STOCK EXCHANGE

JSE resource listings plunge 50% in last 20 years but total market cap now a massive R2.82-trillion Restricted

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Although the resource listings on the Johannesburg Stock Exchange (JSE) has declined significantly over the last 20 years, from 130 listed mining companies in 1994 to only 66 basic resource companies today (including mining sectors and industrial...
8th August 2014
 
 
COAL

Junior raises cash for Botswana coal, power project Restricted

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Botswana- and Mauritius-listed junior Shumba Coal Resources has raised $2.2-million, which it intends to be invested in its Botswana coal mining and energy project. The Sechaba coal and power generation project is aimed at exporting coal to India...
8th August 2014
 
 
COMMINUTION SOLUTIONS

Metso aiming to expand African footprint Restricted

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CRUSHING AND SCREENING
Metso Minerals manufactured a 300 t/h crushing and screening plant to Mozambique-based construction company JRC Construction (JRC – Construções e obras púiblicas, SA) last year
With a well-established and strong presence in the African mining industry, comminution solutions company Metso Minerals South Africa, subsidiary of Finland-based Metso Minerals group, plans to further bolster and expand its presence in the...
8th August 2014
 
 
MINERALS LEGISLATION

MPRDA Amendment Bill to come under the spotlight at Joburg workshop Restricted

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The Nelson Mandela Institute at the University of Witwatersrand, in Johannesburg, is set to host a workshop ¬– Towards sustainable mining: mining and environmental regulatory reforms in South Africa – on September 4 to address the recent...
8th August 2014
 
 
ENERGY & MINING

Power generation now a ‘major focus’ for mines as fuel costs soar Restricted

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Owing to the increasing cost of conventional fuels in the mining industry such as diesel, power generation is becoming a major focus for mining companies, says renewable-energy solutions company MCD director Manuel Duggal. MCD recently designed...
8th August 2014
 
 
DIAMONDS

Scanner radiation concerns nothing but ‘scare stories’ Restricted

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Radiation scare stories around the use of low-dose X-ray scanner Scannex, which is used by many mining companies and was invented by diamond miner De Beers, were debunked during a media tour of De Beers Venetia mine, in Limpopo, last month. The...
8th August 2014
 
 
CORPORATE SOCIAL INVESTMENT

Sibanye donates R25m to Wits and UJ, to spend R325m on education and training this year Restricted

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NOTEWORTHY DONATION
The universities of Johannesburg and the Witwatersrand have each received a R12.5-million donation from Sibanye Gold for use in mining and engineering education
South African gold producer Sibanye Gold donated R25-million to the universities of Johannesburg (UJ) and Witwatersrand (Wits) towards mining and engineering education at an official handover ceremony held last month at its training academy in...
8th August 2014
 
 
COAL & COPPER

Vale’s African production rises, Rio Tinto sells Mozambique assets Restricted

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Brazilian mining major Vale has reported a stronger performance by its Moatize coal operation in Mozambique during the second quarter of this year (2Q14) in comparison to the first quarter (1Q14). Vale’s Carborough Downs coal operation in...
8th August 2014
 
 
 
 
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