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Mining Weekly 12/06/2019 08:24
South Africa’s gross domestic product contracted by 0.6% in the third quarter. However, on a year-on-year basis, the economy grew by 0.1%, Statistics South Africa statistician-general Risenga Maluleke told media on Tuesday. Previously, Stats SA had revealed that the GDP, in the first quarter of the year, had dropped by 3.1%. The second quarter, however, saw a 3.1% growth - basically putting the country where it was at the start of the year. The unadjusted real GDP at market prices for the first nine months of this year increased by 0.3% year-on-year. Nominal GDP was estimated at just under R1.3-trillion for the quarter, up R31-billion from the second quarter.
Mining Weekly 12/06/2019 08:23
Diamond sales brought Angola revenues of $294.85-million during the third quarter of this year. This represented an 11.7% increase over the figure for the same period last year – or, in monetary terms, a rise of $30.7-million. This information was released in Luanda early this month by the State-owned Sociedade de Comercialização de Diamantes de Angola (the Diamond Commercialisation Company of Angola, better known by its Portuguese acronym, Sodiam), the Macauhub news agency reported.
Mining Weekly 12/06/2019 08:22
British Australian mining giant Rio Tinto has indicated that it intends to exercise its options under a 2017 option-and-joint-venture agreement with Saskatoon-based explorer Star Diamonds, which owns the Fort a la Corne kimberlites in central Saskatchewan. TSX-listed Star Diamonds announced on Friday that Rio Tinto Exploration Canada (RTEC) would exercise all four options – years earlier than the major had to – giving it a 60% interest in the Star-Orion South project.
Mining Weekly 12/06/2019 08:20
Diamond mining major De Beers Group has not recorded any cases of tuberculosis (TB) among its permanent South African employees in 2019. South Africa’s overall TB infection figure is about 567 per 100 000 people, with the country’s mining industry at about 435 per 100 000 people according to the Minerals Council South Africa, explains De Beers Group senior occupational health manager Dr Tshepo Sedibe.
De Gentenaar (Belgium) (EU) 12/06/2019 08:19
De logistieke hub die de Chinese internetgigant Alibaba op de luchthaven van Luik wil creëren, moet in de eerste helft van 2021 volledig operationeel zijn. De investering bedraagt uiteindelijk meer dan 100 miljoen euro, waar er eerder sprake was van 75 miljoen, en ze zal goed zijn voor 900 directe jobs. Dat heeft Cainiao, het logistieke dochterbedrijf van Alibaba, vrijdag gezegd op de luchthaven. 12/06/2019 08:19
WITTMANN has been known worldwide for decades as a maker of high-quality robots. Its standard parts removal appliances have been continuously improved over recent years. To meet the more and more stringent demands from customers and simplify the choice, WITTMANN developed the PRIMUS series two years ago. PRIMUS robots are typically used for pick-&-place applications. At the K 2019, WITTMANN presented a new series for the first time: the SONIC robots.
Mining Weekly 12/06/2019 08:18
Indian miner NMDC’s iron-ore assets at Dantewada in the central state of Chhattisgarh came under attack from ultra-left-wing extremists on Sunday. According to reports available from the district, the ultra-left extremists, popularly known as naxalites, stormed into the iron-ore mining facility at Dantewada and set fire to trucks and dumpers before fleeing into the adjacent dense forests.
Mining Weekly 12/06/2019 08:18
Bargain hunters have helped molybdenum recover after prices crashed to two-year lows, but ample supplies of the metal used to make stainless steel mean further significant gains for now are unlikely, analysts say. Prices of the metal, valued for its anti-corrosive and strengthening properties in the oil and gas and automotive industries, fell towards $8/lb two weeks ago.
Mining Weekly 12/06/2019 08:18
Bougainville Vice President Raymond Masono said he will revive a plan to overhaul the region's mining laws after its ongoing independence referendum, which could strip the former operator of the Panguna gold and copper project of its interests. The proposed changes, which have been criticised by Panguna landowners, would also erase an interest in the project held by the Papua New Guinea government, potentially complicating negotiations between the two governments after the referendum.
Mining Weekly 12/06/2019 08:17
India’s Coal Ministry has directed State-run miners Coal India Limited and Singareni Collieries Company Limited to hold special auctions for coal supply to power projects categorised as nonperforming assets as a result of a lack of fuel supplies. As per a directive issued by the Ministry, the two coal companies are to start holding the special coal supply auctions for stressed thermal power projects from February next year.

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