Category archives for: Mining & Engineering

Caledonia’s Zimbabwe subsidiary doubles profits

Caledonia

From NDABENI MLOTHSWA in Bulawayo, Zimbabwe BULAWAYO, (CAJ News) – CANADIAN miner, Caledonia, has doubled profits at its Blanket Mine in Zimbabwe on the back of an 18 percent output of gold in the first quarter of the year. Output increased from 10 822 ounces (oz) to 12 794 due to increased tonnes milled, higher […]

Gilbert appointed Glencore as director

Martin Gilbert as an independent non-executive director

By GIFT NDOLWANE JOHANNESBURG, (CAJ News) -GLOBAL diversified natural resource company, Glencore, has appointed Martin Gilbert as an independent non-executive director. The appointment is with immediate effect. “On behalf of the Board I am delighted to announce the appointment of Martin Gilbert,” said Tony Hayward, Glencore Chairman. “Martin is one of the leading entrepreneurs of […]

De Beers returns $5 billion to partners

Bruce Cleaver, Chief Executive Officer, De Beers Group

by GIFT NDOLWANE JOHANNESBURG, (CAJ News) – THE De Beers Group has announced returns of US$5 billion to governments, communities, supply chain partners and joint venture partners in 2016. This is a more than 70 percent increase on 2015. The increase, delivered through taxes, payments for goods and services and dividends, reflects De Beers Group’s […]

Muller confirmed as Zimplats director

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From NDABENI MLOTHSWA in Bulawayo, Zimbabwe BULAWAYO, (CAJ News) – ZIMPLATS has announced the appointment of Nicolaas Muller as a non-executive director. The appointment is with immediate effect. Alex Mhembere, Chief Executive Officer Zimplats Holdings, confirmed the appointment. “Muller has a proven track record in the mining industry and is a highly rated leader in the […]

Anglo American sheds Eskom thermal unit

CASH COW: Eskom is paying premium prices for good quality coal. 23/02/09. Pic. Marianne Schwankhart. © The Times. Comment - Coal's true price: How the real costs of mining pass on to the community [Page 12] Black gold ... more coal mines like this will be established worldwide to meet an insatiable demand for affordable energy, despite opposition from green activists. Business Day. 28/04/2010. Pg 15. FM Green Report 15/10/2010, pg 26. Bad energy. Coal power stations are high polluters.

By GIFT NDOLWANE JOHANNESBURG, (CAJ News) – ANGLO American has announced the sale of its Eskom-tied domestic thermal coal operations in South Africa to a wholly owned subsidiary of Seriti Resources Holdings Proprietary Limited. The deal is worth R2,3 billion (about US$164 million). The buyer is a company majority owned by historically disadvantaged South Africans […]

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