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Electra Mining

Hytec Services Africa Video Available

Established in 2012, Hytec Services Africa is the most recent addition to the Hytec Group of Companies. HSA is tasked with the development of the Hytec Group business into Sub Saharan Africa, including responsibility for current Hytec operations...
16th September 2014
 
FINANCE

Beacon Hill raises £1.25m

Aim-listed Beacon Hill Resources has entered into conditional subscription agreements with certain institutional investors, arranged by and including Darwin Strategic, to place up to 1.25-billion ordinary shares in the company to raise about...
15th September 2014
 
GEMSTONES

Gemfields pursues Sri Lankan sapphire opportunities

Aim-listed Gemfields has entered into a joint venture (JV) with East West Gem Investments (EWGI) to pursue opportunities in the Sri Lankan sapphire and gemstone sector. Under the terms of the agreement, Gemfields would gain a 75% stake in three...
15th September 2014
 
DIVERSIFIED MINERS

Savannah’s exploration projects dent bottom line, but boost prospects

Aim-listed Savannah Resources says its operating loss of £630 877 for the six months ended June 30 reflects the increased pace of operational activities around the company's prospective copper and heavy mineral sands projects, in Oman and...
12th September 2014
 
MINERAL SANDS

Irish-owned Moz heavy-sands miner widens loss despite 26% production increase

Irish-based miner Kenmare Resources, which owns and operates the Moma titanium minerals mine in Mozambique’s Nampula province, has reported a net loss of $31.8-million for the first semester this year (for the first half of last year, the net...
12th September 2014
 
Mining Services

Local supplier, exclusive distributor

BRAVO RANGE
Bravo pumps can operate over the complete pump curve, not just one specific duty point, which means that it can be used in numerous applications within its range Newly established Boksburg-based pumps supplier Integrated Pump Technology was named in June as the exclusive Southern Africa distributor for the world’s third-largest submersible pump manufacturer Grindex AB, which is based in Sweden....
12th September 2014
 
Company Announcement

Positive steps to secure South Africa’s future energy mix PDF Available

Updated in November last year, the very ambitious Integrated Resources Plan for 2010-2030, states its main aim is to reduce South Africa’s reliance on coal in electricity generation to below 50% by 2030. In procuring renewable energy the...
11th September 2014
 
COAL

Ncondezi inks key electricity sale agreement with Moz govt

After over six months of negotiations between Aim-listed Ncondezi Energy, the Mozambique Department of Energy (DoE) and Mozambique State-owned power utility Electricidade de Moçambique (EDM), the coal asset developer said on Monday that it had...
10th September 2014
 
ENERGY & CHEMICALS

Sasol repositions itself for gas-based future Video Available

Sasol Southern African operations VP Bernard Klingenberg South African energy and chemicals group Sasol has “strategically repositioned” itself over the past three years to focus on gas-based opportunities in Southern Africa and North America, having moved away from coal-to-liquids opportunities in...
8th September 2014
 
Mining Services

Focusing on care and maintenance

FURNACE DEMOLITION
Demolitions of a chrome mine furnace included lancing and removing the furnace trough and all furnace refractories
Although local furnace and industrial services company Dickinson Group has undertaken more than 90 projects in furnace repairs, demolitions and installations for the mining, metals and minerals processing industry this year, it notes that furnace...
5th September 2014
 
Mozambique

Mining, taxation – and honey

The Mozambican Government believes that the changes to the country's mining taxation code which have recently been approved by the Assembly of the Republic (Parliament) will significantly increase the revenues of the State. The estimation is that...
5th September 2014
 
Legislative Environment

Standby capacity for SA mines

BRENDAN & GEOFF REILLY Machinery Exchange has trained its staff and ensures that it keeps abreast of global mining trends Harare-based mining equipment supplier Machinery Exchange, in expectation of a time when Zimbabwe’s mining industry can live up to its full potential, prioritises staff training, the supply of quality services and world-class equipment and...
5th September 2014
 
 
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AngloGold Ashanti restructuring Video
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Sasol repositions itself for gas-based future Video
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