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COAL

Peabody Energy widens Q1 loss as weak coal prices persist

US coal producer Peabody Energy on Thursday reported disappointing first-quarter earnings as weak coal prices persisted, translating into a wider-than-expected loss. For the three months ended March 31, St Louis, Missouri-based Peabody more than...
24th April 2014
 
MINING RESEARCH

DST, NRF launch holistic collaborative mining research centre at UJ

Advancing South Africa’s ambitions of evolving from a resource-based economy to a knowledge-based economy, the Department of Science and Technology (DST) and the National Research Foundation (NRF) on Thursday launched a specialised academic...
24th April 2014
 
Company Announcement

Deputy Minister Of Science And Technology Launches New Centre Of Excellence In Integrated Mineral And Energy Resource Analysis PDF Available

South Africa's rich mineral wealth means that mining is still one of the country’s dominant economic activities.  While diamond and gold production may be well down from their peak production years, the country remains a cornucopia of mineral...
24th April 2014
 
ESKOM

No finality on Eskom ‘support’, but DPE confirms immediate R25bn shortfall

Department of Public Enterprises (DPE) director-general Tshediso Matona confirms that the interdepartmental task team established to find a solution to Eskom’s financial problems has agreed that further support will be required. However, he says...
24th April 2014
 
Company Announcement

Corobrik is rated best brick supplier in SA for the fourth consecutive year PDF Available

PMR.africa presented the Diamond Arrow Award to Corobrik for the fourth year running for achieving the highest score in its annual national survey on brick suppliers to the South African construction industry at the Hyatt Regency Hotel in...
24th April 2014
 
COAL

Patriot Coal issues potential lay-off notices to 847 WV workers

Mere months after announcing its emergence from an 18-month-long Chapter 11 reorganisation as a well-capitalised private company, US miner Patriot Coal on Wednesday announced that it had issued 60-day notices of potential layoffs to 847 West...
23rd April 2014
 
VANADIUM

American Vanadium announces first CellCube installation in New York

US vanadium project developer and renewable energy technology purveyor American Vanadium on Wednesday unveiled plans to demonstrate the CellCube vanadium redox flow energy storage system in partnership with the New York State Research and...
23rd April 2014
 
PLATINUM

Platinum strike highlighting huge potential opportunity loss for economy

The prolonged strike of the Association of Mineworkers and Construction Union in the platinum belt is highlighting the colossal potential opportunity loss to the South African economy should the country lose out on its platinum patrimony, which...
23rd April 2014
 
Company Announcement

With the increase in global skill shortages, it is time to consider top talent from other industries? PDF Available

We have recently commented on various aspects of the skill shortages within our niche areas – notably Oil & Gas and Energy. And we’re not alone in highlighting the global talent shortage across these sectors, regular coverage is widespread...
23rd April 2014
 
COAL

Teck to cut 600 from workforce, coal margins at decade lows

Diversified Canadian miner Teck Resources on Tuesday announced that it would reduce its global workforce by 5%, or 600 workers, as it sought to cut costs amid sagging profit and low commodity prices. For the three months ended March 31, the net...
22nd April 2014
 
URANIUM

Paladin production declines on Malawi mine closure

Uranium miner Paladin Energy has reported a decline in production during the three months to March, after placing its Kayelekera mine, in Malawi, on care-and-maintenance in February. During the quarter under review, Paladin reported a combined...
22nd April 2014
 
Company Announcement

Salient developments in environmental law PDF Available

There are a plethora of environmental related challenges to miners and industrialists such as reducing water and energy use and finding of alternative sources, waste disposal and reduction, improvement of atmospheric impacts and reduction of...
22nd April 2014
 
 
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