MINERS NEWS MAGAZINE

24th January 2018, Johannesburg -- Wescoal, Holdings Limited, the junior coal miner, trader and supplier today issued a voluntary strategic update on the integration of Keaton Energy assets, operational and financial matters pertaining to the enlarged organisation and key changes to the management and Board. Keaton Acquisition and Integration Update Wescoal acquired certain Keaton assets mid-way through 2017 to further diversify the Group’s asset base, realise economies of scale and synergies, expand optionality in contracts and off-take negotiations, as well as strengthen the balance sheet and free cash generation. The enlarged business now has coal resources well in excess of 300 million tonnes, four operating mines, three processing plants and significant interests in coal supply chain infrastructure. This translates into additional revenue certainty and diversification through production of a range of coal qualities, mining and washing/processing options, customer and sales s...

Lonmin Plc (“Lonmin” or “the Company”), one of the world’s largest primary platinum producers, today announces its unaudited Quarter 1 2018 production results for the three months to 31 December 2017 and provides an operational update. Lonmin also publishes today, in a separate announcement, its results for the financial year ended 30 September 2017. Overview  Fatality free first quarter with the twelve-month rolling LTIFR to 31 December 2017 improving by 5.3% to 4.28 per million man hours.  Mining performance improvement has been sustained from March 2017. Tonnes mined by our Generation 2 shafts increased by 11.4% to 1.8 million tonnes compared with the first quarter of 2017. Total tonnes mined increased by 2.4% to 2.4 million tonnes compared with the first quarter of 2017.  E3/Pandora classified as Generation 2 whilst 4B has been reclassified as Generation 1.  Refined production of 161,363 Platinum ounces increased by 17.7% against the first quarter of 2017.  Sales of 147,216 Pl...

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION 18 January 2017 Lonmin update on covenant waiver, non-cash impairment of assets and expected date for publication of full year accounts Following the announcement of the recommended all-share offer pursuant to which Sibanye Gold Limited (“Sibanye-Stillwater”) and/or a wholly owned subsidiary of Sibanye-Stillwater, will acquire the entire issued and to be issued ordinary share capital of Lonmin Plc, (“Lonmin” or “the Company” or “the Group”) the (“Offer”), the Company announces that it has obtained in-principle agreement from its lenders, subject to credit approval and execution of the necessary legal agreements, for a further waiver of compliance with its consolidated tangible net worth debt covenants until the earlier of the Offer closing, lapsing or being withdrawn and the current transaction long-stop date of 28 February 2019. As part of the Company’s finalisation of its full year accounts, the determination of the non-cash impa...

Global engineering firm, DRA, has secured a contract with Exxaro Coal Mpumalanga (Pty) Ltd a subsidiary of JSE listed Exxaro Resources Ltd, to construct a 500tph coal handling and preparation plant in Belfast, Mpumalanga. The coal handling and preparation plant consists of primary and secondary sizing stations, overland conveyor, two 7500t silos, low gravity and high gravity Dense Medium Separation (DMS) modules, thickener circuit, filter plant, stacker conveyor. The plant will produce both a domestic and an export product. “We are excited to partner once again with such a prestigious organisation. The quality of our engineering designs in the earlier project phases as well as our competitive pricing and well-established reputation in coal projects ultimately secured us the work when Exxaro embarked on a campaign to develop one of their key coal assets in the Belfast area,” explains Alistair Hodgkinson, Senior Vice President at DRA. “This latest partnership allows DRA the opportu...

ST. CATHARINES, Ontario (Dec. 7, 2017) – Haver & Boecker, a leading equipment manufacturer and solutions provider for the aggregates and mining industries, offers efficiency-enhancing screening technology to optimize screening operations. Designed for minimal structural vibration, the Tyler F-Class vibrating screen is ideal for tough applications, such as scalping and classifying ores, minerals, stones, sand and gravel. When paired with the latest Haver & Boecker technology, such as Tyler Engineered Media and the patented Ty-Rail™ quick-tensioning system, operations can experience as much as 50 percent less downtime. Haver & Boecker is featuring the innovative F-Class vibrating screen, March 6-8, in booth 1641 at AGG1 in Houston. “Advancements in technology have encouraged us to stay ahead of trends to better serve our customers. Our F-Class is a perfect example of those efforts,” said Karen Thompson, Haver & Boecker Canada president. “By pairing our revolutionary F-Cl...

FUCHS Lubritech and FUCHS Lubricants South Africa have created a Lubritech division to be operational from 1st January 2018. Bernhard Biehl, CEO FUCHS Lubritech Group, said, “With the integration of the Lubritene and Lubrasa business into FUCHS Lubricants South Africa in 2014, the time is now ripe to start a specialty lubricants division within FUCHS Lubricants South Africa.” “The acquired businesses, mainly lubricants for the mining and food industries, brought initial sales growth and now offers numerous prospects for further expansion in South Africa and the entire Southern African region.” “Combining these advantages with the longtime specialty business of Ceplattyn Open Gear Lubricants and Cassida Food Grade Lubricants, we will hold a strong market position in the Southern African region. At the same time we have a strong team in place to increase our market share substantially and to set up new market sectors,” said Mr Biehl. Paul Deppe, Managing Director of FUCHS Lubricants...

Dickinson China Provides Hot Kiln Alignment services to Chinese Cement Industry With most businesses currently enduring a dry spell, some cutting down on new expansion projects investments and others facing total closure of firms due to the lasting impacts of the harsh economic climate and increased global competition. All is not doom and gloom, as Dickinson Group of Companies is sailing against the economic tide by establishing new business and expanding operations into the emerging and lucrative global markets including Asia, South East Asia and the Middle East. The Group’s growth and expansion strategy is underpinned by the organization’s vision, vast experience, technological expertise and extensive geographic presence throughout sub-Saharan Africa, Middle East and Asia. The company has been trading successfully for more than 100 years, with business operations and representative offices in South Africa, Mozambique, Zambia, Kenya, Zimbabwe, Ethiopia, Democratic Republic of Cong...