Monday, August 15, 2016

Amplats reports fatality at Rustenburg operations

August 31, 2011 by · Leave a Comment 

The world’s largest platinum miner Anglo American Platinum on Wednesday reported a fatality at its Rustenburg operations. The worker was reported as missing on Tuesday, August 30, and was found dead at the level 29 haulage, between the boundary of the Khomanani 2 and the Siphumelele 1 shafts.

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Gold One targets 2.5Mlb/y uranium output by 2016

August 31, 2011 by · Leave a Comment 

ASX- and JSE-listed Gold One CEO Neal Froneman said on Wednesday that the miner would start building its uranium plant in 2013, to process uranium ore from the recently acquired Rand Uranium operations, in South Africa.

In May, Gold One signed a $250-million takeover agreement with Rand Uranium shareholders, which include Pamodzi Uranium, Pamodzi Cooke and Armgold/Harmony Joint Investment company.

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More uranium investment needed, says Paladin CEO

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Uranium miner Paladin Energy CEO John Borshoff said that more investment was needed in the uranium sector, as supply and demand dynamics would become more strained.

“Discoveries of new deposits have to be made, exploration and high-risk capital needs to be sunk into these programmes, because these programmes determine the long-term future of the mining industry,” Borshoff told delegates at the Africa Downunder conference in Perth, on Wednesday.

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Discovery looking for ‘another Boseto’ in the Kalahari

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Aim- and BSE-listed Discovery Metals, which posted a loss of $2.5-million for the financial year ended June 30, was still on target to become a mid-capped mining company, MD Brad Sampson said on Wednesday. He added that Discovery continued to advance systematically towards its aim of commissioning the Boseto copper project in the first half of 2012, and to the potential discovery of another Boseto style project on the Kalahari copperbelt within the next two years.

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Australian miners invest $20bn in Africa, ‘billions more in the pipeline’

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Australian Foreign Affairs Minister Kevin Rudd said on Wednesday that there was significant opportunity for Australian companies to increase their presence in the African resources sector.

In a pre-recorded message to the Africa Downunder conference, in Perth, Rudd said that while Africa was estimated to host around 30% of the world’s mineral resources, the continent only accounted for around 5% of the global exploration expenditure.

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Rio’s Zimbabwe unit gets part approval for equity plan

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Rio Tinto’s Murowa diamond mine in Zimbabwe said on Wednesday it had been given "part approval" for its plan to comply with a government demand that foreign mining houses tarnsfer 51% of their local equity stakes to black investors in the country.

"Murowa Diamonds has received part approval … and intends to proceed with implementing a community equity component of that plan," Murowa MD Niels Kristensen said in an e-mailed response to questions from Reuters.

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Continental to decide on new mine in the next few months

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ASX-listed Continental Coal on Wednesday said that it would take a development decision on its De Wittekrans coal project, in South Africa, within the next few months.

Speaking on the first day of the Africa Downunder conference, in Perth, Continental’s executive director Jason Brewer said that a bankable feasibility study on the De Wittekrans project was due shortly.

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Resgen sells Tasmanian assets to focus on SA coal mine

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ASX- and JSE-listed Resource Generation (Resgen) said on Wednesday it would be divesting its Tasmanian coal tenements for $1.5-million. This would be achieved through the sale of all its shares in Energy Investments and Tiger Coal.

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Bannerman continuing discussions with China’s Hanlong

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Uranium hopeful Bannerman Resources on Wednesday told delegates at the Africa Downunder conference that it was still engaging in discussions with its Chinese suitor Hanlong Mining, along with other potential development partners.

CEO Len Jubber said that the company was exploring “all options to deliver the best possible outcome for shareholders”.

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$93bn a year needed for Africa infrastructure

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Global law firm DLA Piper on Wednesday estimated that Africa would need an estimated $93-billion infrastructure investment each year.

“This is best exampled when you consider there are only 10 000 km of roads connecting African countries and between 60 000 km and 100 000 km of road network is required to sufficiently integrate the region,” DLA Piper head of mining and energy, Robert Edel told delegates at the Africa Downunder conference.

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