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Mining firms remain resilient amid Covid-19 but risks still linger-PwC

Mining firms remain resilient amid Covid-19 but risks still linger-PwC
The Top 40 mining firms are so far weathering the COVID-19 storm mostly unscathed, and certainly better than many other sectors, a new report has shown. The Mine 2020 report by PwC  says the finding is remarkable given that global growth is expected to decline...

Total acquires Tullow’s entire interests in Uganda Lake Albert project

Total acquires Tullow’s entire interests in Uganda Lake Albert project
Total and Tullow have entered into an Agreement, through which Total shall acquire Tullow’s entire interests in Uganda Lake Albert development project including the East African Crude Oil Pipeline. The overall consideration paid by Total to Tullow will be $575M, with an initial payment of...

Sandvik adopts ‘direct to customer’ business model in Central & West Africa

Sandvik adopts 'direct to customer' business model in Central & West Africa
Sandvik Mining and Rock Technology says it is revising its business model, shifting to a 'direct to customer' model for mining and construction customers in most of the territories in Central and Western Africa currently serviced by Sandvik’s Distributor, BIA. Nuhu Salifu, Vice President of...

South Africa publishes proposed mine safety rules for Covid-19

South Africa publishes proposed mine safety rules for Covid-19
South Africa published new proposed safety guidelines on Tuesday for mines operating during the coronavirus pandemic, which would require that mineworkers be screened, tested, kept further apart and provided with protective gear. South Africa, the world's largest producer of platinum and chrome ore and a...

South Africa mine workers win case on Coronavirus safety

South Africa mine workers win case on Coronavirus safety
South African Department of Mineral Resources and Energy(DMRE) will now be forced to impose strict safety guidelines on mining companies to protect mine workers from the novel coronavirus.  The Association of Mineworkers and Construction Union (AMCU) announced Sunday that it had received an order from...

South African mines go silent as coronavirus lockdown begins

South Africa goes on total lockdown from Thursday midnight in what authorities believe will be a major step forward in curbing the new coronavirus pandemic after witnessing a jump in the number of people infected. Cases stood at 709 as of Wednesday. South African mining...

Technology leading the way at African diamond mine

Technology leading the way at African diamond mine
Leading autonomous solutions provider RCT has completed an automation project for a major mining company at its open-cut diamond mine in South Africa. In 2019 RCT installed and commissioned its ControlMaster® Line-of-Site solution to a CAT 994 Wheel Loader which has been utilised to clear...

Renewable energy to become new normal at remote mines-report

Renewable energy to become new normal at remote mines
The Energy and Mines World Congress that took place in Toronto provided great insights into the recent developments of onsite renewable energy applications at remote mines. Generally, the year 2019 has been identified as the tipping point. The business case for partly substituting expensive...

Africa Coal Partners to acquire stake in Mbuyelo Coal Proprietary

Africa Coal Partners to acquire stake in Mbuyelo Coal Proprietary
Africa Coal Partners, an SPV set up and managed by Duet Group, will acquire a 45.18 per cent stake in Mbuyelo Coal Proprietary Limited (Mbuyelo) from Ichor Coal. The agreed purchase price was set at US$104mn with the transaction expected to close in Q1 2020, once...

Low Cobalt prices, Africa setbacks shrinks Glencore’s first-half profit

Low Cobalt prices, Africa setbacks shrinks Glencore’s first-half profit
Glencore Plc is planning to shut down its Mutanda project in the Democratic Republic of Congo due to reduced economic viability, the firm's chief executive has said. Mr Ivan Glasenberg announced the plans even as the international mining firm reported he weakest profit in three years...
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