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Mines chief inspector compiling report on Sibanye-Stillwater accidents – Mantashe
Published: 18 Jun 18
The acting chief inspector of mines is compiling a report on all accidents that occurred at Sibanye-Stillwater mining operations since the beginning of this year, Mineral Resources Minister Gwede Mantashe said on Sunday. "This will enable us to take appropriate action, guided by the Mine Health and Safety Act, as opposed to a knee-jerk reaction," he told journalists at a media briefing in Pretoria.
Erris gives update on Centerra-funded exploration JV
Published: 18 Jun 18
Canada’s Centerra Resources has elected not to earn into the Klippen project, in Sweden, its joint venture (JV) partner Erris Resources reported on Monday, explaining that drill results had confirmed gold mineralisation, but that the nature of the veining was not indicative of a potentially economic mineralising system. Erris has also elected not to renew the Klippen licence areas, which was due for renewal this week.
Over 1 000 international delegates gather in Cape Town to find ways of adapting to global climate change
Published: 18 Jun 18
In the beginning the conversation about global climate change focused on cutting greenhouse gas emissions to keep Earth's temperatures from rising dangerously high. Later, another conversation developed alongside the first, which said even if we stopped all greenhouse gas emissions today, we would not be able to avoid some climate change because of the vast amount of emissions we had already pumped into the atmosphere over hundreds of years. These had already set some global climate changes in ...
Eskom says low probability of day-time load-shedding Eskom says low probability of day-time load-shedding
Published: 18 Jun 18
State electricity company Eskom said on Monday there is a low probability of rotational load-shedding during the day as a result of power station units being returned to the system after last week's wage strike, but the probability was higher for the evening peak period due to increased demand. Eskom said at the weekend the system remained constrained and would take up to ten days to recover from the effects of the strike, which was characterised by sabotage on its stations.
Havilah reveals maiden reserve at Kalkaroo
Published: 18 Jun 18
Junior Havilah Resources has reported a maiden ore reserve of 474 000 t of contained copper and 1.41-million ounces of gold at its Kalkaroo copper/cobalt/gold project, in South Australia. The ASX-listed Havilah noted that the ore reserve estimate did not include cobalt at this stage, with the Kalkaroo project estimated to host some 23 200 t of cobalt resource, making it the largest sulphide cobalt deposit, underpinned by copper, in Australia, on a mineral resource basis.
Rinehart’s Hancock bids $390m for Atlas, trumps MinRes offer
Published: 18 Jun 18
Gina Rinehart’s Hancock Prospecting has solidified its intentions for ASX-listed Atlas Iron, revealing a 4.2c a share takeover offer, or A390-million, for the Pilbara iron-ore miner. Atlas told shareholders on Monday that the Hancock offer, which would open in about two weeks’ time, would be subject only to the condition that no prescribed occurrences occurred in relation to Atlas or its subsidiaries prior to the three business days after the end of the Hancock offer period.
South32 offers $1.3bn for rest of Arizona South32 offers $1.3bn for rest of Arizona
Published: 18 Jun 18
Diversified miner South32 has struck a $1.3-billion takeover deal with TSX-listed Arizona Mining, offering to acquire the remaining 83% interest in the company through an all-cash offer. South32 is offering Arizona shareholders C$6.20 a share for their interest in the TSX-listed miner, which represents a 50% premium to the company’s closing price on June 15, and implies a total value of C$1.6-billion for the company.
Santos awards Barossa contracts
Published: 18 Jun 18
Oil and gas major Santos has awarded three major engineering contracts on the front-end engineering and design (FEED) phase of its Barossa offshore project. Santos on Monday said that separate engineering contracts for the proposed floating production storage and offloading facility (FPSO) have been awarded to MODEC and a consortium between TechnipFMC and Samsung Heavy Industries.
Finders reports wall failure at Wetar
Published: 18 Jun 18
Copper miner Finders Resources has reported a wall failure at its Kali Kuning openpit mine, at the Wetar copper project, in Indonesia. The company on Monday said that 175 000 bank cubic meters of waste rock from the north-eastern high wall were displaced into the pit on June 14, with mining operations suspended for about six hours the following day, to allow for a geotechnical assessment.
 Eskom says power system will take up to 10 days to recover from strike impact Eskom says power system will take up to 10 days to recover from strike impact
Published: 18 Jun 18
State electricity company Eskom said late on Sunday its power system remained constrained and would take up to ten days to recover from the effects of last week's wage strike. Eskom warned consumers to work on the assumption that rolling power interruptions, or loadshedding, implemented over the last few days to ease pressure on the grid could still take place despite being averted on Sunday.
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