Mining and Exploration

Alan Swaby talks to a South African mining software company that is resisting being pigeon-holed and, in the process, carving out a successful path for itself.

Is it a mining-savvy IT company or an IT-savvy mining company? At one time it might have been the first; but these days, MineRP is very much a rounded supplier of mining solutions and actually wants to get much rounder. 

IPP Resources of Tanzania has a double distinction: not only is the company Tanzania’s largest diversified resources group, but also Tanzania’s only wholly indigenous mining and exploration entity.

UK-based Centrica, the parent company of British Gas, has reached an agreement with ConocoPhillips to acquire its non-operated interests in the gas and oil producing Statfjord field for £142 million.

London, UK-based Bisichi Mining has announced that its principal South African coal mining subsidiary, Black Wattle Colliery, has been approved an allocation of 87,500 tonnes of export tonnage at Richards Bay Coal Terminal.

The allocation falls under the four million tonnes per annum Quattro Programme, which allows junior black economic empowerment (BEE) coal producers—typically with annual export volumes below 250,000 tonnes per annum—access to the coal export market.

The allocation is provided on an annual basis.

The Weir Group PLC has agreed to acquire Novatech LLC, a US manufacturer of well service pump valves and valve seats for upstream oil and gas applications, for $176 million (£113 million) in cash.

Based in Dallas, Texas, Novatech is a family-owned business producing a wide variety of proprietary valves and valve seats for high pressure applications such as frac, cement and mud pumps used in unconventional upstream oil and gas operations.

The business is well known to Weir, being a long standing local supplier to Weir SPM.

UK oil and gas producer EnQuest has acquired a further 25 per cent stake in the Kraken oil discovery from Nautical Petroleum.

EnQuest will pay up to $240 million for the stake, together with interests in surrounding exploration acreage, based on the determination of gross reserves.

The acquisition will bring EnQuest’s stake in Kraken up to 45 per cent, following its previous purchase of a 20 per cent stake from oil and gas explorer Canamens earlier this month. Nautical retains a 25 per cent interest, with First Oil holding the remaining 30 per cent.

Rod Steele, founder of the mining advisory firm TesMan, shares with Jane Alverca his unique approach to generating process improvement through innovation.

Rod Steele, founder of TesMan, is a man very much at home in the deep, dark voids of the earth’s interior. After a long career managing complex mining operations and maintenance programmes around the world, he decided to found his own company to shine a new light on the technical challenges of this subterranean world.

The northern regions of Canada are again experiencing a mining boom and behind every mining operator there has to be solid support, as Alan Swaby discovers from the Gibeault family.

For a case study on man’s ability to adapt and prosper; look no further than Ron Gibeault and his family. Early in his career, Ron decided that a new start in the northernmost reaches of Canada was what he and his new bride needed. 

President and CEO Jeremy Wyeth talks about how this Canadian junior mining company is using cash flow from its Mexican operations to move into the mid-tier with a diversified portfolio of silver, gold and rare earths.

Colossus Minerals is on the brink of gold, platinum and palladium production at Serra Pelada in Brazil’s northern Pará State: this is one of the highest grade deposits in the world, fully funded and permitted for production in 2013. For the investor, gold projects don’t come much better than this.