Mining and Exploration

Anglo American is to acquire an additional 40 per cent interest in De Beers for a total cash consideration of US$5.1 billion.

The move comes after Botswana’s government declined to take up its pre-emptive rights to acquire an additional shareholding in De Beers.

Anglo’s additional interest now takes its total stake to 85 per cent.

Rig operator Prosafe has been awarded a contract by an undisclosed client for the provision of the Safe Scandinavia accommodation support rig at a project in the UK sector of the North Sea.

The firm period of the contract is 187 days, with on-site operations planned to commence in April 2013.

The total value of the contract for the firm period is approximately $58.1 million.

Newmont Mining Corporation, one of the world’s largest producers of gold, has announced its results for the second quarter of 2012.

Attributable net income from continuing operations of $279 million, or $0.56 per share, was down 47 percent from $523 million, or $1.06 per share in the second quarter of 2011. Adjusted net income was $294 million, or $0.59 per share, compared with $445 million, or $0.90 per share, for the prior year quarter.

Tullow Oil has encountered oil and gas while drilling at its Wawa-1 well offshore Ghana.

The find was made at the exploration well in the Deepwater Tano licence where oil and gas condensate was intersected in a Turonian turbidite channel system.

The well was drilled 10 kilometres north of the Enyenra-3A well, testing a previously undrilled portion of the licence, Tullow said. The Atwood Hunter semi-submersible rig drilled the Wawa-1 well to a final depth of 3,322 metres in water depths of 587 metres.

Pennsylvania’s Department of Environmental Protection Secretary Mike Krancer (pictured in the foreground) today opened a valve allowing treated acid mine water from the Antrim treatment plant in Tioga County to power a turbine and begin generating electricity to run the facility.

Founded in 2005 in Canada by a group of experienced drilling rig experts, Saxon Energy Services is now majority owned by oilfield services specialist Schlumberger and the largest private equity provider in the business, First Reserve.

Operations at one of Europe’s largest coal producers are underpinned by strong customer relationships, the continued implementation of top-class training and safety measures, and solid revenues and reserves.

Coal represents the Czech Republic’s only significant indigenous energy resource; and as such, its importance to the economy in relation to export revenue and employment cannot be understated, and is as crucial today as it has been for the last two centuries.

Canadian mining company Mandalay Resources applies the principles of continuous improvement to everything it does. Creating cost-effective and stable operating conditions has enabled the company to reinvest revenue into exploration and develop a long-term pipeline of projects.

KPMC is a niche BEE project management and engineering company, specialising in combining the practicalities of mining, the challenges of logistics and the volumes of bulk materials handling with innovative solutions and experience.

Australia’s underground mining industry is a challenging arena to work in, yet for mining and tunnelling services provider Jennmar Australia, it is these challenges that have brought about its success.