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Week at a Glance

Anglo very much part of global platinum struggle
May 17, 2012
<em>Modikwa platinum <br />mine</em>
Modikwa platinum
mine

Global mining giant Anglo American has made a priority of its struggling platinum business, admitting earlier this year that the world's largest primary producer ‒ Anglo American Platinum (Amplats) ‒ is underperforming in the face of soaring costs, imposed safety stoppages and weak demand.

 

 


Shell re-enters the coal arena
May 17, 2012

Shell International Trading and Shipping Company Limited has resumed trading in coal derivatives more than a decade after parent Royal Dutch Shell exited the coal business and sold its mines.

 

 


Gold Fields Q1 earnings and output down
May 17, 2012
<em>The head-frame of<br />Gold Fields’ Tau Tona <br />mine is the lone <br />entrance to over 800km <br />of tunnels</em>
The head-frame of
Gold Fields’ Tau Tona
mine is the lone
entrance to over 800km
of tunnels

Gold Fields Limited ‒ the world's fourth-largest gold producer ‒ has reported an 18% fall in quarterly earnings, albeit above expectations, as output and the bullion price in South African rand both declined.

 


Return to work soon at Paladin’s Malawi mine
May 17, 2012
<em>The plant at Paladin <br />Energy’s Kayelekera <br />uranium mine in Malawi</em>
The plant at Paladin
Energy’s Kayelekera
uranium mine in Malawi

Paladin Energy Limited ‒a TSX and ASX-listed uranium production company with two operating mines in Africa ‒ says it is confident of an early return to full production at its Kayelekera mine in Malawi, where workers have been on strike since last weekend.

 


Another gas deposit found off Mozambique
May 16, 2012

Italian energy firm ENI has announced a new natural gas discovery of up to 10-trillion cubic feet off the Mozambican coast.

 

 


African Barrick increases royalties in Tanzania
May 16, 2012

African Barrick Gold has announced that it will pay the Tanzanian government an additional one percent in royalties, citing the current gold price environment.

 

 


Paladin’s Malawi mine strike is over
May 16, 2012
<em>The plant at Paladin <br />Energy’s Kayelekera <br />uranium mine in Malawi</em>
The plant at Paladin
Energy’s Kayelekera
uranium mine in Malawi

Paladin Energy Limited ‒a TSX and ASX-listed uranium production company with two operating mines in Africa ‒ has announced that agreement in principle has been achieved for a return to work by striking employees at its Kayelekera mine in Malawi.

 


Great Basin starts recovery
May 16, 2012
<em>The vertical shaft at <br />Burnstone mine is <br />used primarily for <br />rock hoisting, but<br />is also equipped <br />for the insertion <br />and extraction of <br />men and material</em>
The vertical shaft at
Burnstone mine is
used primarily for
rock hoisting, but
is also equipped
for the insertion
and extraction of
men and material

International mining company Great Basin Gold took its first, tentative steps towards turning around its South African gold development asset, the Burnstone mine, meeting its gold production targets for the first quarter of 2012.

 


New Anadarko gas strike off Mozambique
May 15, 2012
<em>An Anadarko exploration<br /> vessel at work in the <br />Rovuma Basin off the <br />coast of Mozambique</em>
An Anadarko exploration
vessel at work in the
Rovuma Basin off the
coast of Mozambique

U.S. explorer Anadarko Petroleum Corporation has discovered a major new gas field off the Mozambique coast ‒ a development which could trigger a bid battle for one of its partners, Cove Energy.

 

 


Unreliable power drops Tanzanian gold production
May 15, 2012
<em>Buzwagi ‒ one of <br />African Barrick’s four<br /> gold mines in Tanzania</em>
Buzwagi ‒ one of
African Barrick’s four
gold mines in Tanzania

A fall in national gold production caused by rising operational costs because of unreliable power supply is making Tanzania's dream to be among the four biggest gold producers in Africa increasingly difficult to realise.

 

 


Mozambique to offer more coal, oil and gas tenders
May 15, 2012
<em>Niassa province ‒<br /> reputed to have coal<br /> reserves as extensive<br /> as those of Tete</em>
Niassa province ‒
reputed to have coal
reserves as extensive
as those of Tete

The government of Mozambique is preparing to open up new blocks in the Rovuma basin in the north of the country, which will be offered under concession to companies interested in prospecting for hydrocarbons.

 

 


New Zambian coal mine
May 15, 2012
<em>The Chinese-run<br /> Collum coal mine <br />in Zambia</em>
The Chinese-run
Collum coal mine
in Zambia

Australian-based and listed African Energy Resources has discovered another coal resource close to the two existing mines in the Sinazongwe area of Zambia’s Southern Province.

 

 


Mine safety report complete and ready for presentation
May 14, 2012
<em>Chief inspector of<br /> mines, David Msiza</em>
Chief inspector of
mines, David Msiza

A task team report on the effect of Section 54 safety stoppages at South African mines after fatal accidents has been completed and will be released at a yet-to-be-scheduled industry stakeholder meeting.

 

 


Smelting operations suspended at Zondereinde mine
May 14, 2012

All is quiet at Northam Platinum’s Zondereinde mine in South Africa’s Limpopo province, and management has announced that smelting operations have been suspended.

 

 


Lonmin profits plummet
May 14, 2012
<em>Lonmin chief <br />executive Ian <br />Farmer</em>
Lonmin chief
executive Ian
Farmer

Platinum producer Lonmin says the company’s first-half pre-tax profit fell to US$18 million from US$159 million a year ago, hit by rising costs, weak European demand and safety stoppages that weighed on its production over the six months.

 


Iamgold on track despite slow start
May 14, 2012
<em>The mill at Iamgold’s<br />Essakane mine in <br />Burkina Faso</em>
The mill at Iamgold’s
Essakane mine in
Burkina Faso

Iamgold Corporation ‒ a leading mid-tier gold mining company producing approximately 1Moz annually from five gold mines on three continents ‒ reports that it is on track to meet its annual guidance despite a slow start in the first quarter of 2012.

 


Amsa in R543 million profit turnaround
May 11, 2012
<em>Steel-making at<br /> ArcelorMittal SA</em>
Steel-making at
ArcelorMittal SA

ArcelorMittal SA (Amsa) posted a R543 million turnaround quarter-on-quarter to report a R283 million profit for the three months ended March 2012 ‒ a performance CEO Nkululeko Nyembezi-Heita described as ‘a huge relief’ and ‘highly satisfying’.

 

 


First fuel cell-powered mining locomotive
May 11, 2012
<em>Anglo American <br />Platinum’s prototype <br />of the first fuel cell-<br />powered mining <br />locomotive</em>
Anglo American
Platinum’s prototype
of the first fuel cell-
powered mining
locomotive

Anglo American Platinum ‒ the world's top producer of the precious metal ‒ has launched what is said to be the first fuel cell-powered mining locomotive, showing the technology's potential as a clean energy source.

 

 


CoAL’s acquisition of Chapudi is finalised
May 11, 2012
<em>The Chapudi coal <br />project ‒ has both<br /> thermal and coking <br />coal</em>
The Chapudi coal
project ‒ has both
thermal and coking
coal

Coal exploration, development and mining company Coal of Africa Limited (CoAL) has been granted official South African government approval for the purchase of the Chapudi coal project and related exploration properties in South Africa’s Soutpansberg coalfield in the Limpopo Province.

 

 


SA coal miner SNR to open new export route
May 11, 2012
<em>East London - South<br /> Africa’s only river port</em>
East London - South
Africa’s only river port

South African coal miner Strategic Natural Resources plc (SNR) will open a new coal export route using the East London port in the Eastern Cape when its joint venture marketing firm begins shipments in December.

 

 





 
African Utility Week
21 - 24 May 2012, Johannesburg, South Africa
iPAD Angola
12 - 14 June 2012, Luanda, Angola
iPAD DRC 2012
16 - 18 October 2012, Kinshasa, DRC




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