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COAL

Whitehaven narrows loss as it steps up operating performance

Coal miner Whitehaven Coal has delivered significantly improved financial results for the year ended June, on the back of improved operational performances at all its mines and reduced supplier costs. During the full year under review, Whitehaven...
27th August 2014
 
Company Announcement

Africa To Puts Its Case Next Week For Even More Investment By Australia’s Miners PDF Available

As Australia evaluates its current $686 billion worth of discoveries in Africa’s mineral resources sector over recent years, a record number of African mining ministers will arrive in Perth next week to put their case for even greater Australian...
26th August 2014
 
GOLD

Resolute’s revenue falls on lower output, prices

Lower gold prices and the decision to halt operations at Golden Pride, in Tanzania, have seen ASX-listed Resolute Mining’s 2014 revenue decline by 15% year-on-year to A$527-million, and its profit plunge by 60%. The company, which also owns...
26th August 2014
 
POLITICAL ENVIRONMENT

Australian billionaire politician apologises for TV tirade over China

Australian mining magnate and politician Clive Palmer has apologised to China's ambassador to Australia for a tirade in which he referred to the Chinese government as "bastards", setting off a firestorm in Canberra and Beijing. The apology, in...
26th August 2014
 
Electra Mining

FLSmidth reinforces technology development and aftermarket support

Showcasing the theme of technological development, FLSmidth’s stand at Electra Mining Africa will feature a fully operational pilot Reflux Classifier unit. The technology, which improves fines gravity separation compared to conventional...
25th August 2014
 
Electra Mining

Sold-out Electra Mining Africa features 850-plus exhibitors Video Available

Interest in Southern Africa’s biggest trade exhibition Electra Mining Africa continues to grow with exhibition floor space across six halls and outside precinct areas selling out months before opening day on September 15. To accommodate the...
25th August 2014
 
MINING BOOM

RBA research shows how mining boom lifts Australian living standards

The mining boom has substantially increased Australian living standards, a research paper by the Reserve Bank of Australia (RBA) has found. ‘The Effect of the Mining Boom on the Australian Economy’ stated that, by 2013, the mining boom has...
25th August 2014
 
OIL & GAS

Beach reports higher revenue on increased production

Australia’s largest onshore oil producer, Beach Energy, has reported a 51% increase in revenue during the financial year ended June, driven by higher production. Beach on Monday reported that revenue of over A$1-billion, up from A$698-million...
25th August 2014
 
COAL

India’s SCCL to open new domestic mines and launches global ambitions

India’s Singareni Collieries Company Limited (SCCL) has announced plans to open 17 new mines – 11 opencast and six underground operations – to ramp-up coal production by 32-million tonnes a year over the next four to five years. The...
25th August 2014
 
MERGERS & ACQUISITIONS

SNC-Lavalin completes C$2.1bn Kentz buy out

TSX-listed SNC-Lavalin has completed its C$2.1-billion buy out of global oil and gas services company Kentz Corporation, with the latter’s integration into the engineering and construction firm under way. SNC-Lavalin aimed to transform its oil...
22nd August 2014
 
Creamer Media on SAfm

On-The-Air (22/08/2014) Audio Available

State-owned Transnet and Eskom have come to the party for black-controlled coal miner Exxaro
22nd August 2014
 
DIVERSIFIED MINERS

BHP Billiton’s Newco poised to benefit South Africa

Newco CEO-designate Graham Kerr (right) and Martin Creamer The assets that BHP Billiton plans to hive off into a new standalone global diversified metals and mining company generated sales revenue last year of close to $10-billion. In the last ten years, the commodities of the proposed new company...
22nd August 2014
 
 
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BHP Billiton spins out Newco Video
Transnet, Eskom coal boost for black-controlled... Video
Gold Fields piloting two new mining methods at... Video
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AMCU knocking on door at Northam’s... Video
Northam Platinum’s earnings nosedive,... Video
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