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Murray & Roberts completes sale of infrastructure and building businesses

Murray & Roberts has entered into an agreement with Firefly Investments for the sale of the Murray & Roberts Infrastructure and Building Platform (MRIB) for R314 million. Firefly Investments represents a consortium led by Southern Palace, a black-owned industrial group, which includes the Government Employees Pension Fund (GEPF) and members …

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Kibo, Sepco agree development refund for power project in Tanzania

Kibo Mining and a Chinese firm Sepco III have agreed that $10.94-million is a fair reflection of the Mbeya coal-to-power project (MCPP) development costs over the past four years. Upon the financial close of the MCPP, Sepco III will refund Kibo some 50%, or $5.49-million, of the final development cost …

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Gemfields auctions nets $11.1m

Aim-listed Gemfields’ latest auction of emerald and amethyst has netted revenue of $11.1-million. The auction, held in Jaipur, India, from September 26 to 29, included commercial-quality rough emerald extracted at Gemfields’ 75%-owned Kagem mine, in Zambia, and higher-quality amethyst mined by Gemfields’ 50%-owned subsidiary Kariba Minerals in Zambia. Of the …

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Brazil’s Vale agrees to new terms with Mitsui Mozambique coal assets

Vale said on Thursday it has agreed to new terms for the sale of stakes in a coal mine and railway project in Mozambique to shareholder Mitsui & Co, in a deal that will raise $768-million and could help Vale free up to $2.7-billion in funding commitments for both projects. …

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A world-first for fuel efficiency in open cast mining from Siemens SA

Billions of litres of diesel are consumed annually by the global mining industry, which is under severe pressure from weak commodity prices. Up to 80% of this costly fuel consumption comes from haulage trucks moving uphill on ramps. A Namibian uranium mine is overcoming this challenge with six 11 MW …

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Kibo Mining confirms delay in amalgamation of gold projects

Kibo Mining has confirmed that a minor unforeseen delay will set back finalising the definitive agreement with Lake Victoria Gold. Tanzania focused mineral exploration and development company, Kibo Mining said on Tuesday that its Memorandum of Understanding (MOU) signed with Lake Victoria Gold (Lake Victoria) to consolidate the companies’ respective …

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Botswana’s new coal plans, the return to mining research, breaking hard rock with foam

It was very interesting listening to the plans of Botswana coal mining companies on South Africa call for 3 750 MW of cross- border power from independent power producers (IPPs). Much reference was made to a gazette notice put out by South Africa’s Department of Energy that opens the way …

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The event was well-attended with 207 attendees from 25 countries, despite the industry downturn. It was a great opportunity to reconnect with familiar faces and to welcome the 40% who attended an ALTA conference for the first time. We thank all participants for contributing to its success. The 21st annual …

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SADC to Commission 3000 MW of New Power in 2016

Member states of the Southern African Development Community (SADC) plan to commission new power projects that will add 3059 megawatts of electricity this year as the region targets to ensure that it meets its energy needs by 2020. According to the Southern African Power Pool (SAPP), which coordinates the planning, …

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