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Industry blames red tape, 'policy surprises' for Australia's fall in mining survey Industry blames red tape, 'policy surprises' for Australia's fall in mining survey
Published: 23 Feb 18
Western Australia, South Australia, Queensland, the Northern Territory and Victoria fell in mineral investment attractiveness, according to the Fraser Institute’s ‘Annual Survey of Mining Companies for 2017’. Western Australia fell for the third year dropping from first in 2015 to third in 2016 to now fifth place on the investment attractiveness index. Over the last year, South Australia slipped back by one place to fourteenth, Queensland fell to twelfth, and the Northern Territory fell seven places to twenty-seventh. Victoria dropped 14 places to seventy-first in the world.
He got rich on Congo mines until bribe probe put future on hold
Published: 23 Feb 18
A 20-year friendship that helped turn Dan Gertler into a billionaire has left the Israeli businessman with a lot fewer places to go. The US government accused Gertler of corrupt mining and oil deals in the Democratic Republic of Congo and said he acted as a middle-man to enrich his longtime buddy, President Joseph Kabila. The two have been close since Gertler arrived as a young diamond merchant during a civil war in 1997, and Congo – one of Africa’s poorest countries – is the main source of his wealth.
WPG accesses Challenger Deeps
Published: 23 Feb 18
ASX-listed WPG Resources on Thursday undertook the first stope firing of Challenger Deeps development, at its Challenger mine, in Western Australia. This milestone marks the transition from mining in the upper areas of the mine, which has been dominated by remnant mining, to mining of virgin areas below the 215 shear.
NUM says members not paid at Gupta-owned Optimum mine
Published: 23 Feb 18
The National Union of Mineworkers (NUM) said on Friday that its members had not been paid on time at the Optimum coal mine, which is owned by the Gupta family, and would not return to work at the operation which has started business rescue proceedings. "The guys were not paid and they want a meeting with the CEO because they are concerned about the business rescue proceedings which they were not informed about," NUM spokesperson Livhuwani Mammburu said.
Base Resources sees 58% increase in H1 Ebitda
Published: 23 Feb 18
Dual-listed Base Resources has reported a 58% increase earnings before interest, tax, depreciation and amortisation (Ebitda) to $69.3-million for the half year ended December 31, 2017. Sales revenue rose by 28% year-on-year to $115.9-million, achieving an average price of product sold of $407/t, with the main drivers being higher ilmenite and zircon prices.
Grange seeks investors for high-grade magnetite project
Published: 23 Feb 18
Iron-ore miner Grange Resources and its joint venture (JV) partner SRT Australia on Friday announced the appointment of PCF Capital Group to assist with finding strategic investors for the Southdown magnetite project, near Wellstead, Western Australia. Gange CEO Honglin Zhao stated Southdown was becoming increasingly relevant as steel markets continued to demand premium iron-ore products. He added that, given its iron content, Southdown’s concentrate product would be one of the highest-grade in the seaborne market.
Jasco acquires Ramm Technologies stake to bolster technology offering
Published: 23 Feb 18
JSE-listed Jasco Electronics has acquired a 51% stake in Ramm Technologies for R30.6-million in a deal that will allow it entry into asset-tracking markets through Internet of Things (IoT) platforms, as well as provide further growth in new sectors and several cross-selling opportunities. Ramm, which operates its own national operations centre and which has operations across Gauteng and the Western Cape, bolsters Jasco’s access to real-time asset monitoring and management; workforce tracking and productivity analysis; experienced and capable management team; and the opportunity to offer proactive monitoring services to its existing customer base through the operations centre.
 Public Protector finds Brown 'inadvertently' misled Parliament about Eskom-Trillian Public Protector finds Brown 'inadvertently' misled Parliament about Eskom-Trillian Has PDF
Published: 23 Feb 18
The Public Protector has found that Public Enterprises Minister Lynne Brown misled the National Assembly when she denied there were engagements between power utility Eskom and the Gupta-linked company Trillian Capital Partners. This is according to a report issued by the Public Protector Busisiwe Mkhwebane to the Democratic Alliance (DA) on Thursday.
NSW grants mining lease for Clean TeQ Sunrise project
Published: 23 Feb 18
The New South Wales Planning and Environment department has formally issued the mining leases for the Clean TeQ Sunrise project area and proposed limestone quarry, marking a key milestone in the development of one of the largest cobalt and nickel deposits outside Africa. Clean TeQ, which is chaired by Robert Friedland and Jiang Zhaobai, is preparing a mine operation plan for approval, which will enable the start of site work and construction later this year, the company reported on Friday.
Richards Bay Coal Terminal, port win top global excellence awards Richards Bay Coal Terminal, port win top global excellence awards
Published: 23 Feb 18
South Africa's Richards Bay Coal Terminal (RBCT) and Richards Bay Port won global recognition at the Global Ports Forum awards ceremony in Dubai on Thursday. The winners of these prestigious international awards by the ten-year-old Singapore-launched Global Ports Forum are finalised by a judging panel made of global ports council members through a transparent and well defined process, with common criteria applied in each category of awards.
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