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, April 15, 2024 in

Business

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Bearings International fosters a segment strategy to keep customers ‘in motion’

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 7,564 total views Bearings International’s (BI) segment approach to the market places an intentional focus on key industries in South and Sub-Saharan Africa in a bid to optimise operations, enhance uptime and drive business sustainability and increased profitability outcomes for customers. “We do this,” says Christian Chipamaunga, GM End-User Markets, “through the timely provision of world-class…

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Metso wins order for supplying mill lining solutions to a copper and gold mine in South-East Asia

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 599 total views Metso has signed an agreement for the supply of metallic mill linings for SAG mills and Megaliner™ mill linings for ball mills to a copper and gold mine in South-East Asia. The customer selected Metso’s metallic mill lining solutions after a performance test. In the test, Metso’s linings achieved better grinding efficiency, higher…

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Peerless Asset Quality and High-Potential Prospects Position Barrick for Profitable Growth

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 571 total views The past year marked a major milestone in Barrick’s journey to becoming the world’s most valued gold and copper mining company, with the foundational targets of the new business created by the Merger1 having largely been met, and its greater goals now within reach, says president and chief executive Mark Bristow with the publication…

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Metso Outotec wins order for iron ore pelletizing plants in China

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 722 total views Metso Outotec has signed a contract with Beijing Shougang International Engineering Technology Co. Ltd (BSIET) for the delivery of two compact-sized iron ore pelletizing plants for Chengde Zhaofeng Iron and Steel Group, Co. Ltd in Hebei province, China. This is the sixth pelletizing plant contract Metso Outotec has won in China since 2020 and the…

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GLOBELEQ COMPLETES $71 MILLION RESTRUCTURING OF SOUTPAN SOLAR PLANT FINANCING

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 217 total views Globeleq, the leading independent power company in Africa, has completed a $71 million (ZAR1.2 billion) senior debt restructuring of its 31 MW Soutpan Solar Power (Pty) Ltd (“Soutpan”) plant in Limpopo Province, one of the first solar power plants built under South Africa’s Renewable Energy Independent Power Producer Procurement programme. By lowering the…

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Epiroc wins large equipment order for platinum mine in South Africa

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 106 total views Epiroc, a leading productivity and sustainability partner for the mining and infrastructure industries, has won a large order for low-profiling mining equipment from African Rainbow Minerals for use at a platinum mine in South Africa. African Rainbow Minerals has ordered drill rigs, loaders and mine trucks for use at the Bokoni Platinum Mine…

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Vedanta Resources to sell Skorpion Zinc in Namibia

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 205 total views Vedanta Resources has announced plans to sell Skorpion Zinc in Namibia as part of a larger disposal of its international zinc operations.  The proposed transaction, valued at N$51.5 billion (US$2.98 billion) in cash, will see Vedanta’s 100% stake in HL Zinc Namibia holdings and 69.6% stake in Black Mountain Mining sold to Hindustan…

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South Africa: Speciality lubricants reduce downtime for essential mining equipment

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 275 total views South Africa: Speciality lubricants reduce downtime for essential mining equipment Failure to use the correct lubricants in mining equipment increases maintenance costs and leads to more downtime and production losses. FUCHS LUBRICANTS has been a trusted partner of the global mining industry for more than 85 years. “Our comprehensive range of lubricants for surface and underground…

BusinessFeaturedInternationalOil, Gas & Energy
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Zambia: FQM DISCLOSES RECORD CONTRIBUTIONS TO ZAMBIA IN 2021

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 158 total views Zambia’s largest taxpayer, First Quantum Minerals (FQM), paid more than US$1.258 billion in public contributions to Zambia in 2021. The total amount equates to ZMW 21.4 billion at current exchange rates, and is made up of taxes, royalties, duties and fees paid to national and local government, dividends to ZCCM-IH, as well as…