GWK invests R400m in Northern Cape agriprocessing facility

GWK invests R400m in Northern Cape agriprocessing facility

Farmer-owned agribusiness GWK on Monday unveiled its R400-million GWK Farm Foods wheat mill, pasta plant and biscuit factory in Modder River, the Northern Cape, which was was completed on time and within a deviation of less than 2% of original cost projections.   Of the R400-million, R60-million was invested in expanded silo capacity to service […]

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Investment in drones, wearables to expand across African mines Back

The use of drones, wearable technology and real-time video training are expected to gain traction in mines across Africa over the next two years, as a new survey by online data, analysis and advisory services firm Timetric’s Mining Intelligence Center (MIC) shows growing interest in next-generation technologies. The ‘Technology Investment Priorities in African Mining 2016’ […]

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Government miners to initiate commercial coal mining in India

KOLKATA (miningweekly.com) – India’s attempts to launch commercial coal mining would be initiated by government-owned mining companies, breaking the near monopoly of behemoth Coal India Limited (CIL). The federal Coal Ministry has identified 12 coal blocks that would be allocated to a number of mining companies owned and operated by provincial and federal governments, with […]

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Gold edges higher as stocks slide, oil slumps to 12-year low

LONDON – Gold edged higher on Monday as crude oil prices slid to 12-year lows and European stocks fell on persistent worries about global growth, prompting investors to seek assets considered a safe store of value. Gains were limited, however, as the dollar firmed and oil inched up from earlier lows, pointing to a slight […]

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Anglo American to offload stake in Australian coal mine

Diversified miner Anglo American has agreed to sell its 83.33% interest in the in the Dartbrook coal mine in the Hunter Valley, New South Wales, Australia. Under terms of the agreement, Australian Pacific Coal (APC) as guarantor and a subsidiary of AQC as purchaser, would pay up to A$50-million ($36-million), comprising an upfront cash payment […]

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Crisis excellent opportunity to rescue mining – Motlanthe

JOHANNESBURG (miningweekly.com) – The current crisis in South Africa’s mining industry should be grasped as an excellent opportunity to introduce material change through an effective joint organising body that gets things done within specified timelines. “We’re in a rut and need to pull ourselves out of it together,” says former President of South Africa and […]

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Rush to speed Brazil mine permit may be behind dam disaster

Mining companies often complain endless red tape makes it hard to do business in Brazil but prosecutors and environmentalists say burst dams at an iron-ore mine that triggered massive flooding last week point to gaping lapses in regulation. The floodwaters and mudflow killed at least two people and another 25 are still listed as missing […]

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Lonmin cuts workforce, shrinks capex, lowers unit costs

Platinum mining company Lonmin on Monday reported employee cuts, shrinking capital expenditure (capex), lower unit costs and the highest refined platinum production in eight years. But that did not stop the share price of the London- and Johannesburg-listed platinum-mining company from initially falling by as much as 3.8% to 451c a share before closing the […]

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Platinum extends rout, falls below $900 on Volkswagen scandal

SINGAPORE – Platinum fell below $900/oz on Tuesday for the first time since January 2009 on fears that the Volkswagen emissions scandal would reduce demand from the auto sector. Spot platinum slid to $899.80/oz, before paring some losses to trade at $902.99 by 0651 GMT. The metal, which has fallen for seven sessions out of […]

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Gold Fields swings to black in Q2, but cuts guidance at South Deep

JOHANNESBURG (miningweekly.com) – While a solid showing from its Peruvian, Ghanaian and Australian operations pushed Gold Fields’ second-quarter earnings to $22-million, the company has cautioned of a likely output slip at its South Deep gold mine, located along the Witwatersrand basin, narrowing the operation’s forecast yearly production by 8.5% to 229 280 oz. Despite posting […]

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