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.
Heavy equipment manufacturer Bell Equipment has delivered significantly improved results in 2017, with profit rising to R272.1-million, from R38.6-million in 2016 when the company recorded operating losses of R185-million from its African operations outside South Africa.
The executive chairperson of diversified black-controlled mining company African Rainbow Minerals (ARM), Patrice Motsepe, on Friday expressed the firm conviction that South Africa was in the process of reinforcing its position as a competitive mining destination through a positive Mining Charter outcome and widespread consensus on the manner in which the crucial issue of land expropriation is tackled. After ARM declared a maiden R549-million dividend on a 15% increase in half-year headline earnings to R1 945-million in the six months to December 31, Motsepe said he was absolutely confident that current Mining Charter discussions under way would ensure South Africa's position as a competitive global mining destination for investment. (Also watch attached Creamer media video).
London-listed exploration company Papua Mining has been granted, through its subsidiary BGM Investments, the Monarch exploration permit to mine in Queensland, Australia. The five-year exploration permit covers an area 10 km south of Charters Towers, where six-million ounces of gold has been mined, and 8.5 km north of the Mt Leyshon gold mine, where four-million ounces of gold has been mined.