Mining Developments News

We are pleased to inform you that SKF has moved and is now operating from its brand new premises in Boksburg as of today. Please refer to the new address below. SKF South Africa (Pty) Limited We have moved Email Signature www.skf.co.za, Facebook, Youtube, LinkedIn, Twitter The telephone and fax number as well as the postal address remain the same: Tel: +27 (0) 11 821 3500 / Fax: +27 (0) 11 821 3505 PO Box 13157, Witfield, 1467

RICHARDS BAY, KwaZulu-Natal – – Mining industry equipment supply companies Austin Engineering, suppliers of customised equipment to large global mining clients, mining contractors and original equipment manufacturers, and ETT, manufacturers of open pit mine support equipment and specialised mobile industrial equipment, signed the beginning of momentous partnership agreement which see them jointly marketing, selling and supporting their products through one company across Africa. The joining of the two southern hemisphere industry mining equipment powerhouses follows months of discussion and planning to ensure that customers serviced by both companies remain the focus and that product quality and after sales service support are stronger than ever. Austin Engineering, an Australian Stock Exchange listed company with headquarters in Brisbane, has more than 50 years’ global experience in engineering and manufacturing equipment for the mining industry with operations in Australia, Asia,

thyssenkrupp is an industry pioneer and world leader in the manufacture of stackers, drum reclaimers and other stockyard machines. Moving with the Industry 4.0 tide, the global engineering specialist has introduced new technology that improves stacker efficiency and performance. thyssenkrupp stackers are responsible for stockpiling an extensive range of materials at mines, quarries and ports across the African continent. The company recently delivered a locally designed and manufactured 2000tph, 100m long (including the tripper), 300t stacker to a coal mine operating in South Africa’s Waterberg region. “We have invested substantially in our stacker design to ultimately provide cost and time saving benefits to our customers across Sub-Sahara Africa,” notes Jacques Steyn, General Manager: Materials Handling at thyssenkrupp Industrial Solutions Africa. thyssenkrupp locally designs and builds stackers with capacities from 50 to 20,000tph, in boom lengths from 10m to 65m and in an assor

By Hans Kuipers, Managing Director and Partner at Boston Consulting Group (BCG) When it comes to climate change, we’ve clearly entered a new era. In the previous era, climate skeptics in business took a wait-and-see approach. Today, impacts from climate change are far more visible, including skyrocketing costs from weather-related damages. Tomorrow, the effects of global warming could escalate even further, leading to ever-more-drastic regulation, potential carbon taxation, changes in demand for commodities, and divestment pressures. All this will call into question mining companies’ ability to continue operating successfully with their current business models and asset bases. Indeed, climate change and extreme weather events present serious risks for mining sites. An urgent shift is required as strategies currently being used were developed under what would now be considered outdated assumptions in terms of the devastating effects climate change has on mines and economies in genera

Dealmakers are now focussing on ESG issues across all sectors Environmental, social and governance (ESG) matters rapidly rose up the corporate agenda in 2019, such that ESG is now a mainstream issue across all areas of corporate life, including in mergers and acquisitions (M&A). Leading global law firm Herbert Smith Freehills' M&A in 2020: The New Normal report takes a closer look at this key trend that has come to the fore in the past 12 months due to increased awareness of climate change, unease with globalisation, and pressure from activists and consumers. The report highlights the ESG risk and reputational issues that dealmakers need to be mindful of in any buy or sell situation. "ESG matters are now mainstream and can no longer be considered an afterthought in M&A decision-making," said Gavin Davies, Head of Global M&A at Herbert Smith Freehills. "They demand heightened attention on M&A transactions, across all sectors. Thorough ESG due dili