News

Rio Tinto has committed an additional $2.5 billion to its ongoing share buy-back programme, returning the proceeds of the sale of Coal & Allied to its shareholders. The capital return programme will be executed through a combination of an off-market buy-back tender, targeting A$700 million (approximately $560 million) of Rio …

Next Graphite Incorporated, announced its second quarter and first half financial results for the period ended June 30, 2014. The Company also highlighted its milestones in the first half of the year. Said Next Graphite Chief Executive Officer, Cliff Bream, “We are very pleased at the pace of development of …

Although Namibia, Botswana and Mauritius have consistently ranked in the top 20 of the RMB Where to Invest in Africa index, their inability to reach the top 10 is mostly due to the restricted size of their domestic markets. South Africa has ranked in the number one position for six …

New York, diamond tycoon Maurice Tempelsman of Lazare Kaplan International (LKI) has expresses interest in Namibia’s offshore mining. “We are also looking at some mining projects offshore  and some banking things,” said Tempelsman after a business meeting with President Hage Geingob, adding that the mining exploration is still in its preliminary …

Uranium mining activities significantly contribute to the development agenda of the government, Kornelia Shilunga deputy minister of Mines and Energy has revealed. Shilunga said the mining sector – despite continuous low uranium prices – contributed about N$161 million in royalties, whilst N$1 billion was paid in wages and salaries in …

Uranium expert and representative of the International Atomic Energy Agency, Dr Martin Fairclough, predicts the world will face a shortage of uranium within the next three decades, as demand will outweigh supply. Speaking at the opening of the Uranium International Conference in Swakopmund, Fairclough said countries should vigorously explore and …

Weatherly has drawn down US$2 million from Orion Mine Finance to accelerate the building of the leach pads and to fund working capital requirements at Tschudi. The funds come from US$10 million uncommitted loan announced early this year. Weatherly says to ensure the loan would be sufficient to meet the necessary funding requirements the …

Husqvarna Group is building its first solar power generating facility at its current injection molding site in Nashville, Arkansas, USA. The new facility is expected to reduce the CO2 footprint by approximately 1,000 tons in the first year of operation and approximately 25,000 tons over the expected 25 year life …

Tektronix has introduced the new 5 Series MSO mixed signal oscilloscope to better meet modern electronics design challenges. The 5 Series MSO redefines the midrange oscilloscope with a host of innovations including the industry’s first FlexChannelTM technology that allows 4, 6 or 8 analog channels and up to 64 digital channels, …

Verder Peristaltic Pumps offer several advantages for mines to pump their slurries. Some of the advantages include less water, power, space, damage chemicals and downtime. According to the company, the hose pumps can circulate slurry SGs of 1.6 to 1.8 or up to 80% solid content. The traditional centrifugal pump …