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Hydraulics container one-stop shop for remote mines Hydraulics container one-stop shop for remote mines
Published: 16 Nov 18
With African mines often based in remote and desolate locations, it is beneficial to have on-site products and services, especially since mines have a high consumption rate of consumables.
Although trending lower, lung disease incidence in SA mines still ‘alarmingly high’ Although trending lower, lung disease incidence in SA mines still ‘alarmingly high’
Published: 16 Nov 18
With the reaffirmation of tripartite commitments at the 2018 Mine Occupational Heath and Safety Summit and the publication of the Compensation for Occupational Diseases Act (Coida) Amendment Bill, both in October, it is clear that the regulatory authorities, including the departments of Labour and Mineral Resources, are trying to address the high incidence of occupational diseases. The summit, which was hosted by the Department of Mineral Resources (DMR) in Benoni, on Gauteng's East Rand, sought to share insights on mine health and safety for the betterment of the industry. One of the aspects highlighted was that, according to the DMR’s data, there are significantly more cases of occupational diseases – tuberculosis (TB), silicosis and noise-induced hearing loss (NIHL) – than fatalities caused by safety incidents.
Orion clears another significant hurdle at Prieska project
Published: 16 Nov 18
The receipt of the final assay results from the recently completed deep sulphide mineral resource drill-out at the Prieska zinc/copper project, in the Northern Cape, has paved way for the updated mineral resource due mid-December, says ASX-listed Orion Minerals MD and CEO Errol Smart. The “impressive” assay results, another significant milestone for Orion, will allow the exploration and development company to re-estimate and upgrade the current mineral resource, with the aim of elevating a substantial portion of the current inferred resource to a higher category resource.
Instil portable skills to assist economic development post closure – consultancy Instil portable skills to assist economic development post closure – consultancy
Published: 16 Nov 18
Mining companies’ social and labour plans (SLPs) should incorporate initiatives or programmes aimed at reskilling workers and uplifting community members through the development of portable skills, says socioeconomic development facilitator Economic Development Solutions (EDS) MD Janine Espin. EDS projects executive director Waldo Adams notes that while mining is a corner-stone for the South African economy, resources are finite and other orebodies cannot be mined forever.
K+S cuts outlook after dry weather weighs on production
Published: 15 Nov 18
German potash miner K+S lowered its full-year earnings guidance on Thursday after a severe drought hampered production at its main mine network in the third quarter. The company now forecasts earnings before interest, taxes, depreciation and amortisation (Ebitda) between €570-million and €630-million, compared with previous forecast of €660-million to €740-million.
Detour seeks to end proxy fight with Paulson & Co Detour seeks to end proxy fight with Paulson & Co
Published: 15 Nov 18
Canadian miner Detour Gold on Thursday moved to end an increasingly acrimonious proxy fight with Paulson & Co by committing to include two of the US hedge fund’s nominees on its board and pledging to start a CEO search “immediately” after settling the proxy contest. Paulson nominees Steven Feldman and Christopher Robinson will replace longstanding directors Lisa Colnett and Jonathan Rubenstein on the Detour board, joining the incumbent directors Edward Dowling, Alan Edwards, Andrew Falzon, Michael Kenyon, Judy Kirk, Alex Morrison and James Gowans.
‘100 Global Inspirational Women in Mining’ 2018 edition released
Published: 15 Nov 18
The Minerals Council South Africa (MCSA) congratulated the women featured in Women in Mining’s 2018 edition of the ‘100 Global Inspirational Women in Mining’. The publication was released in London on Tuesday, with Kalagadi Manganese executive chairperson Daphne Mashile Nkosi – a 2015 South African nominee – in attendance as a guest speaker.
Kari Pump discovery adds 987 000 oz to mineral resource at Endeavour’s Houndé mine
Published: 15 Nov 18
TSX-listed Endeavour Mining on Thursday announced a maiden resource estimate of 11.3-million tonnes grading 2.71 g/t gold, containing 987 000 oz, for the Kari Pump discovery at the company’s flagship Houndé mine, in Burkina Faso, increasing the mine’s measured and indicated resources by 40%. Kari Pump is located 7 km west of the processing plant and has undergone 71 000 m of drilling to extend and in-fill its mineralisation.
Paramount Gold acquires prospect near Grassy Mountain
Published: 15 Nov 18
US gold company Paramount Gold has entered into an agreement to acquire a high-grade prospect near its Grassy Mountain project, in eastern Oregon, from a subsidiary of Ely Gold Royalties. The Frost project totals about 360 ha and is seen as a low-cost way of expanding the mine life of the Grassy Mountain project, which in terms of a May 2018 preliminary economic assessment has an initial 7.25-year mine life, producing 47 000 oz/y of gold and 50 000 oz/y of silver.
Ghana to raise $750m through London IPO of minerals fund
Published: 15 Nov 18
Ghana will seek to raise as much as $750-million through a sale of shares in a fund that will hold the West African nation’s stakes in mining companies and receive mineral royalties, said Finance Minister Ken Ofori-Atta. In September, lawmakers passed legislation for the creation of the fund that will look to securitise future revenue from royalties to support Ghana’s developmental needs, Ofori-Atta said Thursday in a presentation of his budget proposals for 2019 in parliament in the capital, Accra. The fund will set up a special purpose vehicle and conduct an initial public offering through a dual-listing on the London Stock Exchange and the local bourse, he said.
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