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Chile enviro court ruling on Pascua-Lama closure overturned Chile enviro court ruling on Pascua-Lama closure overturned
Published: 18 Mar 19
The Supreme Court of Chile has overturned an Environmental Court order to permanently close the stalled Pascua–Lama project, which straddles the Andes mountains with Argentina. The Supreme Court last week annulled the October 2018 administrative decision of the Antofagasta Environmental Court on procedural grounds and remanded the case back to the court for review by a different panel of judges, Canadian miner Barrick reported on Monday.
Testwork indicates 97% gold recovery possible at Sanankoro
Published: 18 Mar 19
Cora Gold has received positive results from the preliminary metallurgical test work programme for oxide samples taken from the Zone A and Selin prospects at the Sanankoro gold discovery in the Yanfolila gold belt in Southern Mali. Preliminary results demonstrate that coarse ore gold recoveries of up to 97%, depending on crush size, are achievable through cyanide leach extraction.
 Eskom's 'perfect storm' and how the power utility is managing the crisis Eskom's 'perfect storm' and how the power utility is managing the crisis
Published: 18 Mar 19
South Africa has been oscillating between Stage 2 and Stage 4 load shedding since Friday, cutting up to 4 000 MW from the national grid per day. The rolling blackouts are expected to continue until Wednesday, with demand expected to taper off towards the end of the week, as Thursday is a public holiday. 
FNB/BER Building Confidence Index declines to near 8-year low
Published: 18 Mar 19
The First National Bank (FNB)/Bureau for Economic Research (BER) Building Confidence Index dropped to 25 in the first quarter of this year, from 32 in the fourth quarter of 2018. This 7-point decrease resulted in the index nearly reaching an eight-year low.
Public-Private Growth Initiative identifies 18 ‘priority projects’ to unlock growth Public-Private Growth Initiative identifies 18 ‘priority projects’ to unlock growth
Published: 18 Mar 19
The Public-Private Growth Initiative (PPGI), an evolving sector-based collaboration between government and business, has earmarked 18 projects across various sectors of the South African economy for priority implementation in the coming months. Minister in the Presidency Dr Nkosazana Dlamini-Zuma reported on Monday that the projects were identified during recent meetings held under the aegis of the PPGI, which currently comprises business representatives from 24 sectors.
M&R Cementation awarded Palabora ventilation shaft contract
Published: 18 Mar 19
Mining contractor Murray & Roberts (M&R) Cementation has been awarded a contract by Palabora Mining Company for a 1 200 m deep ventilation shaft. The shaft, with a lined diameter of 8.5 m, will reach a final blind sink depth of 1 190 m before a drop raise takes it to its final depth.
Western Cape water levels hold steady
Published: 18 Mar 19
While the average water levels of the Western Cape's dams have remained steady over the past two weeks, the drought is far from over, the Western Cape government warns. The average water level for all dams in the Western Cape currently stands at 39.8%, up from the 19.5% reported in the comparative week in 2018.
The BioCycle aims to turn human waste into lubricants, biodiesel The BioCycle aims to turn human waste into lubricants, biodiesel
Published: 18 Mar 19
The BioCycle plans to have completed the design of its first South African commercial scale facility by the end of 2020, to be followed by a global rollout of the technology, says MultiCycle director Marc Lewis. The BioCycle aims to develop commercially viable and scalable processes for the bio-conversion of human faecal waste – what entrepreneurs in the sanitation world call resources, he notes – into valuable products such as lubricants, biodiesel, chitosan and soil conditioners.
Opec+ affirms commitment to oil cuts, defers decision to extend
Published: 18 Mar 19
Saudi Arabia led fellow members of the Opec+ coalition to reaffirm their commitment to output cuts, but conceded they should defer until June the decision on whether to extend the curbs. A committee of the most influential members in the 24-nation alliance, which includes Russia, Iraq and the United Arab Emirates, agreed to go beyond their pledged supply curbs in the coming months. They also recommended canceling a planned April meeting, saying it would be too soon to determine whether the cuts should continue into the second half.
Bristow taking Barrick helm aids Acacia talks, Tanzania AG says
Published: 18 Mar 19
Mark Bristow taking over the leadership of Barrick Gold facilitated negotiations with Tanzania about a multibillion-dollar tax dispute that could be resolved by May, the country’s attorney general said. Barrick unit Acacia Mining has been at odds with Tanzania’s government since July 2017, when the state slapped a $190-billion tax bill on the company, saying the gold producer falsely declared bullion exports. Bristow was named Barrick chief executive officer in January, and the following month the company said it’s reached a settlement proposal with the government.
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