News

President Cyril Ramaphosa is billed to speak at Mining Indaba 2019, slated for beginning of next month. Organisers of the annual mining jamboree said President Ramaphosa is set to bring his investment agenda to the landmark 25th Anniversary Indaba. As one of the driving forces behind South Africa’s historic economic …

Even though the negative global developments in 2018 affected the local mining sector, the sectoral outlook for growth remains strong for 2019, with earnings expected to grow by 1.1%, Indileni Nanghonga, Junior Analyst at Simonis Storm Securities said. Simonis Storm highlighted seven key projects and new developments in the mining …

Sandvik has announced plans to deliver a full OptiMine® platform to Vedanta Zinc International’s Black Mountain Mining (BMM) operations, this year. The development is to accelerate the site’s data-driven operation for world-class mining safety, efficiency and productivity. Currently Sandvik is providing the complete OptiMine® suite –  the world’s most comprehensive …

PORT ELIZABETH, SOUTH AFRICA-Flexible screw conveyors in popular sizes are now available for shipment in two-to-five days as ready-to-assemble packages with Flexicon’s Quick-Ship Programme, the company announced. Conveyor tubes and screws offered through the programme are supplied in any length from 3 to 12 m, in diameters from 67 to …

Desert Lion Energy has filed an independent technical report for the country’s first large-scale lithium mine, 210km from the capital of Windhoek and 220km from Walvis Bay. Completed by Hatch Ltd and MSA Group, the report details the preliminary economic assessment (PEA) for the project, covering mining, concentrate and lithium …

Rio Tinto has entered into a binding agreement with China National Uranium Corporation Limited (CNUC) for the sale of its entire 68.62 per cent stake in Rössing Uranium Limited for up to $106.5 million. According to a communiqué from the company, the total consideration comprises an initial cash payment of …

International diamond group De Beers remains optimistic about its rough diamonds sales, as the year comes to an end. “As the industry’s focus turns towards the key end of year retail selling season, rough diamond sales continued to be in line with expectation during the ninth cycle of the year. …

International Monetary Fund’s (IMF) latest focus on the local economy anticipates the gradually recover with real GDP projected to contract this year and turn positive in 2019. Geremia Palomba, IMF official said the anticipated turn will be supported by strong mining production and a rebound in construction activities. “Growth is …

Tantalite Investment Mine has re-employed 17 of the 91 workers recently retrenched. According to the company, the re-employed staff will form part of a skeleton crew to keep the mine operational. The development comes after mines minister Tom Alweendo had a meeting Tantalite management to address the retrenchment issue. Larry …

China has become the largest gold producer and consumer in the world in the past two decades. On the backdrop, Roland Wang, Managing Director of China for the WGC said his company aims to work with government bodies, regulators and market practitioners to ‘develop China’s gold market on a long-term, …