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Pallinghurst eyeing London listing following Gemfields acquisition Pallinghurst eyeing London listing following Gemfields acquisition
Published: 21 Jul 17
Following Pallinghurst’s restructuring and successful acquisition of emerald miner Gemfields, the JSE-listed diversified miner will now commence with the preparatory work to potentially obtain a premium listing on the London Stock Exchange, with Gemfields delisting from London’s Aim stock exchange by month end. Following the takeover offer by Pallinghurst in May to acquire the entire issued and to-be-issued share capital of Gemfields, almost 90% of Gemfields’ shareholders have accepted Pallinghurst’s offer.
Zim lithium, tantalum prospect returns ‘excellent’ test results Zim lithium, tantalum prospect returns ‘excellent’ test results
Published: 21 Jul 17
Diversified exploration and mining company Premier African Minerals reported “excellent results” from the initial metallurgical testwork study, which was completed by German materials testing and analysis company Dorfner Anzaplan on its wholly-owned Zulu lithium and tantalum project, in Zimbabwe last month. Premier chairperson and CEO George Roach says that the company will continue with additional testwork to improve the recoveries of lithium and associated minerals, as well as flow sheet design improvement and establishing capital and operating costs for producing lithium from Zulu.
Geophysical techniques touted as ideal  for alluvial diamond exploration Geophysical techniques touted as ideal for alluvial diamond exploration
Published: 21 Jul 17
Ground geophysical surveys have been carried out by the Council for Geoscience (CGS) on a farm that hosts an alluvial diamond mining operation near Schweizer-Reneke, in the North West. The North West is host to what were previously known as the Southwestern Transvaal diamond fields. The surveys formed part of a CGS training programme and were also intended to assess the effectiveness of geophysical techniques for alluvial diamond exploration.
Social media fuelling illicit diamond trade  in Central African Republic – report Social media fuelling illicit diamond trade in Central African Republic – report
Published: 21 Jul 17
A new undercover investigation by international watchdog organisation Global Witness has uncovered how diamond smugglers are making use of social media platforms as they seek to get diamonds linked to the ongoing violent conflict in the Central African Republic (CAR) out of the country and into international markets. The investigation codenamed ‘A Game of Stones’ reveals how the tools of the digital economy, including Facebook and WhatsApp, among others are being used by CAR’s traders to find international partners and evade the already limited scrutiny of international diamond markets.
Gold refinery champions upliftment through beneficiation Gold refinery champions upliftment through beneficiation
Published: 21 Jul 17
Precious-metal smelting and refining complex Rand Refinery is committed to its socioeconomic upliftment initiatives, which are intrinsically linked to and furthered by its core aim of refining and then creating saleable gold products, or gold beneficiation, states Rand Refinery CE Praveen Baijnath. The refinery believes that beneficiation drives such upliftment, as beneficiation of raw materials creates and supports jobs, as well as develops small enterprises, thereby immeasurably benefiting local communities.
Zululand Anthracite Colliery unveils new 50 t/h wash plant Zululand Anthracite Colliery unveils new 50 t/h wash plant
Published: 21 Jul 17
Investment company Menar Holding’s Zululand Anthracite Colliery (ZAC), near the town of Ulundi commissioned its new wash plant, last month. The new coal processing plant has 50 t/h processing capacity and is expected to wash three-million tons of discard material over the course of the next five years.
Buffalo Coal in push to slash debt and improve safety and operational efficiency Buffalo Coal in push to slash debt and improve safety and operational efficiency
Published: 21 Jul 17
South African bituminous and anthracite coal miner Buffalo Coal is determined to repay all its debts and continue to improve safety standards while improving overall operating capacities to ensure its operations become optimally efficient, says interim CEO Rowan Karstel, who was speaking with Mining Weekly during an exclusive tour of the company’s operations in June. He notes that the company has a R200-million loan with specialist banking and asset management group Investec, which it intends to repay in the coming years. Karstel enthuses that the company made R171.4-million in revenue in the first quarter of this year, compared with the R142.5-million during the same period in 2016.
Universal eyeing 3Mt coal output this year Universal eyeing 3Mt coal output this year
Published: 21 Jul 17
ASX-listed coal miner Universal Coal anticipates that its Kangala and New Clydesdale Colliery (NCC) mines, in Mpumalanga, will deliver an estimated three-million tons of coal in the 2017 financial year, ended June 30. Kangala, near Delmas, produced an estimated 2.4-million tons and NCC, near Kriel, produced 540 000 t of coal. Combined, the two mines delivered a 47% year-on-year production increase for Universal, which reported output of 2.04-million tons of coal in 2016.
Zambian miners join forces to improve occupational health and safety
Published: 21 Jul 17
Metals mining company First Quantum Minerals’ (FQM’s) subsidiary mining companies in Zambia, Kansanshi Mining and Kalumbila Minerals, together with gold and copper miner Barrick Gold’s nearby copper mine – Lumwana mine – have taken proactive steps to improve their mine safety procedures to save lives during an emergency such as a fire, explosion or rock fall.
Charter’s BEE  ‘top-up’ provision may be unconstitutional Charter’s BEE ‘top-up’ provision may be unconstitutional
Published: 21 Jul 17
The new “top-up” provision in the latest Mining Charter gazetted on June 15, may prove to be unconstitutional and may lead to further expensive legal action by the mining industry, states Fasken Martineau partner and global mining group member Nicola Jackson. In a statement published on June 15, Jackson notes that “the industry’s key concern . . . has been the targets set for ownership and whether the concept of ‘once empowered always empowered’ will be recognised”.
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