The SAIMM is a professional institute with local and international links aimed at assisting members source information about technological developments in the mining, metallurgical and related sectors.
A new Proudly South African mine tunnel borer that requires no blasting, delivers higher production advances, comes with a collaborate imprimatur and can be retrofitted to existing operations, will be unveiled at next month’s Mining Indaba in Cape Town and commissioned in the third quarter of this year. Johannesburg Stock Exchange-listed Master Drilling announced the upcoming “disruptive” mobile tunnel boring solution on Thursday, which, it said in a release to Creamer Media’s Mining Weekly Online, provides quicker orebody access at the capital stage of mining projects and increases productivity when opening up blocks of ground at the production stage.
West African gold developer and explorer Tietto Minerals started trading on the ASX on Thursday, following its successful initial public offer (IPO) that raised A$6-million from institutional and high net worth investors, including two global resources funds. The company issued 30-million shares at A$0.20 a share through its IPO, with 193.1-million total shares on issue. This gave Tietto an undiluted market capitalisation of A$38.6-million upon listing.
Congo Republic plans to join the Opec oil cartel, the government said, as the former French colony presses ahead with projects that could help it become the third-largest oil producer in sub-Saharan Africa. "The Republic of Congo has decided to accede to the Organization of the Petroleum Exporting Countries (Opec)," the statement dated Jan. 11 but sent out to journalists on Wednesday.