Mining Ratings

SELL CRND by Room101 on 13 Apr 2014 23:01

Price at rating: 15.38, now:

Excess AMD in West Rand a big problemr r Posted on 03 April 2014. Tags: acid mine drainage, drinking water supply, featured, jan jacobs, mintails, mogale gold, Trans Caledon Tunnel Authority, West Randr r acid mine water image r Acid mine waterr r r r Related Postsr ◾Major milestone in AMD fightr ◾AMD solution expected to provide long-term sustainability benefitsr ◾Africa’s largest AMD plant to go live soonr ◾Land owners are now liable for AMD after sale of landr ◾New pump station to combat AMDr r Approximately 30 million litres of acid mine drainage (AMD) is spilling out to the surface in the West Rand every day owing to the recent heavy rains.r r Mintails Mogale Gold general manager of operations Jan Jacobs says the conversion of a nearby high-density sludge plant to a pumping station had stopped surface decant for 17 months. The station, managed by the Trans Caledon Tunnel Authority, can pump, treat and discharge 27 million litres of AMD per day. However, the discharge rate has increased to 30 million litres per day following the recent heavy rains, rendering the pumping station’s capacity insufficient.r r According to Mintails chief financial officer Eddie Milne, it is unlikely that the discharge rate will slow naturally. He says Mintails has approximately 35 megalitres excess capacity atits pumping and treatment facilities and has offered the use of it to government at cost price. This would bring total capacity to around 70 megalitres per day, enough to stop the decant.However, an agreement is still pending.r r The AMD is posing a critical danger to the future drinking water supply nationally. The excess AMD is currently flowing, untreated, into the Tweelopiespruit, which flows through the Krugersdorp Nature Reserve, before joining other tributaries leading to the Vaal Barrage. Jacobs says the Tweelopiespruit now has no fish or frogs and is essentially dead.r r r

Score: 100.00

BUY EMED by Murgster on 13 Apr 2014 16:22

Price at rating: 10.00, now:

AAU and AS now provided, project de-risked. Struggling to break through the 10p mark and something is holding this back... but eventually it will give, and I feel sure there will be short term gains up to 15p.

Score: 0.00

BUY SRES by bullbeatsbear on 10 Apr 2014 13:39

Price at rating: 0.48, now:

just to see if it does the opposite

Score: 63.75

SELL AAL by carl on 08 Apr 2014 09:32

Price at rating: 1560.00, now:

due a retrace

Score: 37.50

BUY BHR by bullbeatsbear on 07 Apr 2014 13:48

Price at rating: 0.49, now:

up

Score: 72.50