Mining News

Unidrive Electric Motors is at the forefront of ensuring that Sandvik Mining and Construction RSA (Pty) Ltd continues to make a valuable contribution in the South African mining industry. “Our relationship has strengthened over time due to consistent service delivery. From Unidrive. I can divide our partnership into three key segments, namely cost, quality and on-time delivery. These three areas are critical for Sandvik to meet its service commitments to its mining clients, and through Unidrive’s partnership. We are continuously achieving these key segments.,” says David Penrose, Workshop Production Planner at Sandvik. Sandvik Mining and Sandvik Construction are part of

De Beers has launched the second business incubator close to the Venetia Mine operation in Limpopo. The accelerated development programme’s purpose is to develop up-and-coming entrepreneurs. These include small, medium and microenterprises from mining companies. The programme will provide support to 40 entrepreneurs—20 from each municipal area in two separate areas in Blouberg and Musina. The incubation programme started in August with two workshops that targeted existing and aspiring entrepreneurs. Classroom training will run monthly and will cover topics such as market research, financial management and operational management—ultimately contributing towards a bankable business plan. “The mining sector has a key

Petmin Limited published an update on status of litigation between Petmin’s subsidiary, Tendele Coal Mining Proprietary Limited and one of its customers. As previously disclosed in more detail in paragraph 57 of the combined offer circular to Petmin shareholders posted on 3 April 2017, Petmin’s subsidiary, Tendele Coal Mining Proprietary Limited (“Tendele”), is currently involved in legal proceedings with one of its former customers (“Customer”) pertaining to disputes arising from a supply of discard agreement (“Contract”). On 14 September 2015 Tendele instituted proceedings in the High Court of South Africa, Gauteng Division, Pretoria (“High Court Action”), in terms of which

A persistent fear of diminishing phosphorus reserves has pushed mining companies to search far and wide for new sources. Companies identified phosphate deposits on the ocean floor and are fighting for mining rights around the world. Countries in southern Africa have the potential to set an international precedent by allowing the first offshore mining operations. South Africa specifically is one of the first countries on the continent to begin legislating its marine economy to promote sustainable development, and questions surround mining’s place in this new economy. From April 2007 to August 2008, the price of phosphate, a necessary ingredient in

Over the past decade, South Africa has experienced an insatiable demand from China for raw material and commodities to fuel its manufacturing industries. As our biggest trade partner, China is simply light years ahead of the rest of the world when it comes to harnessing the economies of scale in manufacturing of commodities and electronic products and making these products at competitive prices. The worldwide economic downturn, and in particular the decrease in the growth rate of China’s economy, has put tremendous strain on manufacturing enterprises. Worldwide steel mills had to close down and China has pulled back on its

The expansion of mining and natural resource exploitation has been a critical factor in the highest levels of growth in Africa for more than 30 years. The resource sector’s success in attracting foreign investment has often led to it being held up as a poster child for economic liberalization. The wider context for this is the structural shifts in the global economy, which are centred on the rise of China as a major consumer of raw materials. But the commodity boom has also exposed the limited developmental possibilities of mining regimes across Africa, especially the ways in which fiscal regimes

Coal mining in Africa and in South Africa in particular could provide the key to powering up growth on the continent if the opportunity presented by recent developments in underground-coal-to-gas (UCG) technology is seized and implemented. Project management consultant and UCG leader Julian Mast-Ingle points out that UCG would make available an additional 45-billion tons of presently unminable coal in South Africa alone, in a process that is safe. With no personnel required below the surface, UCG involves igniting coal underground with a controlled flow of oxidant gas, such as air and water. The ignited coal is converted into syngas,

Lack of diversity has been Botswana’s weak spot with the southern African country vulnerable to growing competition from other diamond-producing countries in the region. In the past few years, indications were that coal might be the major product in the Botswana mining sector, as production forecasts indicate a rise in the coming years. But analysts are now warning that coal is not the best option for Botswana’s economic diversification. Renowned local economist and former Bank of Botswana deputy governor, Keith Jeffries, set the tone this past week when he warned that coal cannot fully replace diamonds as Botswana’s main revenue

Rough diamond production in the Democratic Republic of the Congo is projected to increase to 17 million carats (Mct) by 2020, driven by demand from the jewellery industry and an increase in global supply, says a report by Timetric. Entitled ‘Diamond Mining in the Democratic Republic of the Congo to 2020’, the report reveals that the country suffered a slight fall of 0.2% in rough diamond production in 2014 due to a reduction in production from artisanal mining operations. However, it remained the leading producer and exporter of rough diamonds worldwide with 15.7Mct production in 2014. Rough diamonds in the

Potential cross-border power-from-coal generation from neighbouring Botswana took another step forward on Thursday when Mauritius- and Botswana-listed Shumba Energy announced that it had obtained the official environmental thumbs up for its coal mine and associated 600 MW mine-mouth power station independent power project (IPP) at Mabesekwa. Situated in the northeast of the country, the Mabesekwa export IPP is seen as an early potential contributor towards easing Southern Africa’s electricity deficit, with South Africa the largest target market. Shumba Energy MD Mashale Phumaphi expressed delight in a media release, in which he described the environmental approval as a major milestone, coming as it does in