Weak oil price exacts toll on Sasol’s earnings

Weak oil price exacts toll on Sasol’s earnings

South African energy and chemicals group Sasol confirmed on Friday that its earnings for the financial year to June 30, 2015, would be down on the previous year, despite a strong operational performance – the weaker result was largely attributed to the sharp fall in the oil prices during the period. Headline earnings a share […]

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Coal terminal in R1.34bn equipment replacement drive

The private-sector-owned Richards Bay Coal Terminal (RBCT) on Thursday announced a R1.34-billion equipment replacement project to boost South Africa’s coal supply chain and replace aging equipment with minimal impact on the business of the coal terminal. To be replaced after 39 years of service will be two stacker reclaimers and two shiploaders plus the reconfiguration […]

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Exxaro expects steady H1 output, cuts FY capex

JOHANNESBURG (miningweekly.com) – JSE-listed Exxaro has maintained steady overall coal production during the first half of 2015; however, the diversified miner’s exposure to State-owned power utility Eskom, both as a supplier of steam coal and as an electricity consumer, has emerged as a material risk. In a first-half preclosing statement, the company said the ramp-up […]

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De Beers, six others form Diamond Producers Association

JOHANNESBURG (miningweekly.com) – De Beers has partnered with six other diamond miners to establish the Diamond Producers Association (DPA), which would actively engage with industry and nonindustry organisations to promote the interests of the diamond sector. The other founding members were Alrosa, Rio Tinto, Dominion Diamond Corporation, Lucara Diamond Corporation, Petra Diamonds and Gem Diamonds. […]

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Anglo iron-ore port deepening under way

The Brazilian iron-ore port of mining company Anglo American is being deepened to increase the volume of ore that can be loaded on to the Cape-size vessels calling there.  The full 180 000 t volume that Cape-size ships offer cannot be taken up because of the lack of port depth.  High-quality iron-ore from Anglo’s low-cost […]

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Management, NUM agree to end manganese strike.

Mine management and the local leadership of the National Union of Mineworkers (NUM) have reportedly jointly agreed to end the unprotected strike at the BHP Billiton-managed Hotazel manganese operations in the Northern Cape. Print Send to Friend 0 0 BHP Billiton South Africa communications manager Patrick Wadula said in a media statement sent to Creamer […]

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Mine health & safety

South Africa produces 10% of the world’s gold, and has 40% of the world’s known resources. It is estimated that 36 000 tons (t) of undeveloped resources – about one third of the world’s unmined gold – still remains. These ores are increasingly difficult to exploit due to the great depths where they are situated […]

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