Diamonds lose their lustre

Finance

Diamond production in South Africa fell by 18% year on year. In the first two months of 2016, mining production was already down by 7.1% and entering into a seasonal downturn, writes Emile Peterson,credit analyst at Coface.

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Drilling gets smarter

In the current protracted tough economic climate, mines’ sustainability and profitability hinge on driving down both operational and maintenance costs, as well as improving efficiencies and productivity.

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The reef that rocked the JSE

By Leon Louw

The impact on the financial markets after the UK decided to leave the European Union has been dire. In a globalised world, the Johannesburg Stock Exchange (JSE) could of course not escape the fallout. However, it would not be the first time that the JSE had to endure such severe events as the current global uncertainty. Way back in 1889 when the gold rush on the Witwatersrand was in full swing, the JSE experienced its first true crash. The crash had occurred not as a result of global events, but because shareholders in the big gold mining companies active on the Witwatersrand believed the reef they were mining had run out of gold.

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Piping problems - Lessons from the past

 

In mining, something as trivial as seepage from a pipe that is not identified or maintained properly may result in a great disaster.

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