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Greenland PM's leave creates uncertainty for fledgling mining industry

Greenland's prime minister narrowly avoided a vote of no confidence on Tuesday but will temporarily leave office while auditors investigate whether she misused state funds, casting uncertainty over the country's fledgling minerals sector. The...
1st October 2014

Capital filtering in for juniors but competition is intense

Investor interest is slowly returning to the junior mining sector, with juniors turning cautiously optimistic, new data from advisory firm Grant Thornton has revealed. “Capital is slowly returning to the sector, but it is filtering in...
30th September 2014

Encana Corp strikes $7.1bn deal to buy US explorer Athlon Energy

Canada's second-largest natural gas producer Encana Corp on Monday revealed that it had struck a $7.1-billion deal that would see it acquire Texas-based Athlon Energy and gain a foothold in the most prolific oil-producing region in North America....
29th September 2014

New nuclear storm as Westinghouse seeks legal review of R4.3bn Koeberg contract

Toshiba’s Westinghouse Electric Company on Monday launched an expedited review application in the South Gauteng High Court challenging Eskom’s decision to award a R4.3-billion contract to Areva, of France, for the replacement of steam...
29th September 2014

Nqwababa quits as Amplats FD to join Sasol as CFO

Following his resignation as FD of mining major Anglo American Platinum (Amplats) on Monday, Bongani Nqwababa has been appointed executive director and CFO designate of petrochemicals group Sasol. Pursuant to his appointment as CFO designate, he...
29th September 2014

Toro and Areva team up on NT uranium exploration

Uranium developer Toro Energy has signed a farm-in and joint venture (JV) agreement with the Australian division of global nuclear energy group Areva to explore in the Northern Territory. The agreement covers a tenement package of 2 292 km2 in the...
29th September 2014

Zambia's Copperbelt Energy restores power to Konkola mines

Zambian electricity supplier Copperbelt Energy Corp has restored power supply to Konkola Copper Mines (KCM), it said on Friday, ending a week-long supply restriction stemming from a dispute over an unpaid bill. "It is our hope that in response to...
29th September 2014

Alpha Natural idles 3 mines, others continue to operate for now

Bristol, Virginia-based Alpha Natural Resources on Friday reported that three of its operating affiliates had notified their employees that the coal mines where they worked would be idled, resulting in job losses. However, one mine that had...
26th September 2014

Peabody urges advanced coal use in energy poverty, emissions fight

In light of the twentieth United Nations (UN) Climate Conference held this week in New York, US coal producer Peabody Energy on Friday urged the greater use of advanced coal to fight energy inequality and improved emissions. The NYSE-listed...
26th September 2014

Australian energy group bullish on SA govt’s stance on shale exploration

Sydney-listed energy group Challenger Energy says it is encouraged by recent indications of a “growing appreciation of the importance” of South Africa’s nascent shale gas industry and its potential beneficial impact to the broader economy,...
26th September 2014
Creamer Media on SAfm

On-The-Air (26/09/2014) Audio Available

An exciting new technology, which has the potential to boost platinum sky-high, has passed its first tests
26th September 2014
Mining Services

Auto guided vehicle benefits SA mines

SEW-Eurodrive's automatic guided vehicle has built-in safety features that prevent accidents

South African mining companies can now benefit from drive engineering company SEW-Eurodrive’s automatic guided vehicle (AGV), which has built-in safety features that make it possible to prevent accidents, helping mineworkers to safely conduct...
26th September 2014
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