Paused zinc rally expected to continue gaining momentum in 2017
VANCOUVER (miningweekly.com) – Zinc’s 66% rally this year is expected to continue in 2017, analysis by Bank of America Merrill Lynch (BofAML) Global Research shows. Analysts believe the shortfall in mine output (concentrates) will be around 391 00t this year, making this the largest deficit since 1993. “Shortfalls to that tune are only possible because smelters can draw […]
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Botswana diamond miner announces four-month plant closure
GABORONE – Contract miner Basil Read Mining Botswana (BRMD) has announced an immediate cessation of all mining operations at Lerala Diamond Mine(LDM), which is owned by Australian gem miner Kimberely Diamonds. BRMD, which was contracted to conduct mining operations on behalf of Kimberley Diamonds Limited (KDL), said it would be forced to retrench some employees to avoid incurring losses during the period of redundancy. In an internal memo circulated to all […]
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Sasol espouses multi-asset virtues of $11bn US project amid cracker rivalry
The skyline associated with Sasol’s $11-billion ethane cracker project in Lake Charles, Louisiana, is starting to change fundamentally as the plant’s large steel structures are installed on a portion of the vast 890 ha site, where the South African energy and chemicals group is creating a new multi product chemicals complex. Even some Gulf Coast […]
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Horizontal raise bore trial project at Cullinan mine nears completion
CULLINAN (miningweekly.com) – Raise boring and drilling services group MasterDrilling is nearing completion of a 220 m horizontal raise bore (HRB) trial project atSouthern Africa-focused miner Petra Diamonds’ Cullinan diamond mine, in Gauteng. On Thursday during a site visit to the mine, Petra miningmanager Steven Klopper highlighted that the HRB method of developing access points to the kimberlite orebody had recorded significantly faster development rates […]
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Uncompetitive scrap metal prices causing further decline in industry
Unless strong action is immediately taken to stem the export of scrap metal and keep it in South Africa at competitive prices, the scrap beneficiating industry will further decline and directly affect the aluminium sector, saysaluminium foundry alloys producer Zimco Aluminium Company (Zimalco) sales and marketing director Bob Stone. “Owing to a high price for scrap metal and closures in the consuming industries, final original-equipment-manufacturer users are importing […]
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