Tag Archives: mines

Egyptian billionaire Sawiris to look at Barrick’s African gold mines after Randgold merger


Egyptian billionaire Naguib Sawiris has outlined plans to build a new African-focused gold company and said he is keen to buy any gold mines on the continent put up for sale by Canada’s Barrick Gold following its merger with Randgold Resources.

Speaking at the Mines and Money conference in London, Mr Sawiris said he wanted to use Ghana-based gold miner Golden Star, in which he bought a 30 per cent stake in August, as a vehicle to acquire underground gold mines, mainly in east Africa.

Mr Sawiris said he was looking for deposits that could produce between 150,000 to 250,000 ounces of gold a year for a minimum of ten years mine. He highlighted Sudan as an interesting opportunity.

He also told reporters he had met Barrick Gold’s executive chairman John Thornton recently in a lift in New…

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Egyptian billionaire eyes Barrick's African gold mines after Randgold merger



Egyptian billionaire Naguib Sawiris outlines plans to build a new African-focused gold company and says he would be interested in buying any gold …
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Solidarity concerned about safety in South African mines


The trade union Solidarity has expressed its grave concern about safety in South African mines in the wake of the recent accident at Sibanye-Stillwater’s Masakhane shaft at Driefontein in Gauteng that claimed seven lives.

Advocate Paul Mardon‚ Solidarity’s deputy general secretary for occupational health and safety‚ said the union was particularly concerned about seismic activities in deep-level mines that cause falls of ground leading to mining fatalities and injuries.

He was commenting after 13 miners were trapped underground on Thursday at Sibanye-Stillwater’s Masakhane mine in Driefontein near Carletonville on the West Rand following three seismic events. Seven of the miners died while six are in a stable condition in hospital.

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S. African president urges solutions to “unacceptable rate of death” in mines – Xinhua


CAPE TOWN, May 5 (Xinhua) — South African President Cyril Ramaphosa on Saturday called for solutions to “the unacceptable rate of death” in the country’s mines following the death of seven miners.

He made the appeal after the death toll at a South African mine had risen to seven following initial reports that four workers had passed away.

Repeated earthquakes struck the Sibanye-Stillwater’s Driefontein mine near Carletonville, Gauteng Province on Thursday and Friday, trapping a total of 13 miners. Six other miners were injured and rescued.

Ramaphosa voiced hope that the investigation into the Driefontein disaster “will identify the causes of the incident and lead to solutions that will address the unacceptable rate of death in South African mines.”

“We should spare no cost and no…

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Research into occupational noise induced hearing loss in South African large-scale mines: Access denied?


Introduction

The mining industry in South Africa remains one of the driving forces behind the development of the country’s economy. Currently, mining in South Africa is reported as a significant contributor to the economy in that firstly, it contributes an average of 20% to South Africa’s GDP. Secondly, it boasts a total annual income of nearly 550 billion rand. Thirdly, it is one of the country’s biggest employers with more than a million personnel in the workforce in mining-related employment, with the majority of the workforce being black males. Lastly, it has been regarded as the largest contributor by value to black economic empowerment in the economy (See article from Mining.com). However, the South African mining industry is frequently criticized for its poor health and safety…

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Troubled Gupta Coal Mines Threaten S. Africa With Power Cuts


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South Africa’s state-owned power utility is working with the National Treasury to source more coal for seven of its plants that don’t have adequate supply, raising the specter of a return to rolling power cuts that have periodically slowed the economy since 2008.

Eskom Holdings SOC Ltd. is diverting coal to the under-resourced stations from facilities that have sufficient supply, spokesman Khulu Phasiwe said on Johannesburg-based broadcaster SAfm. The supply problems stem from mines run by Tegeta Exploration and…

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