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Creamer Media Reporter

Diatreme eyes new Qld mineral sands project near large silica mine

24th June 2016 Emerging mineral sands producer Diatreme Resources has expanded its project pipeline, announcing on Friday the award of a five-year exploration permit from the Queensland government for its Cape Bedford silica/heavy minerals project, in North Queensland. Located 40 km north of Cooktown, the... 

UK vote pushes Australian gold price to all-time record

24th June 2016 The United Kingdom’s (UK’s) vote to leave the European Union (EU) has driven the Australian dollar gold price to an all- time record on Friday. The likely ‘leave’ result pushed the Australian dollar gold price as high as A$1 830/oz in early afternoon Friday trading in Sydney. 

Engineering News iPhone and Android Apps available for free download

23rd June 2016 Creamer Media’s readers continue to be part of the mobile revolution.  Over 20% of Creamer Media’s online readers view the websites on their mobile devices. To cater for this growing mobile readership Creamer Media offers an Engineering News Online app for iPhone and Android users.  These apps... 

Denham, GreenWish ink renewable-energy partnership

22nd June 2016 Global energy-focused private equity firm Denham Capital and renewable-energy investment company GreenWish Partners have entered into a strategic partnership to develop, build and finance a 600 MW renewable-energy portfolio across sub-Saharan Africa by 2020. The partnership would unlock the... 

S&P affirms Transnet’s investment-grade rating

21st June 2016 State-owned freight logistics group Transnet reported on Tuesday that S&P Global Ratings had affirmed its long-term foreign currency rating at 'BBB-' and its local currency rating at 'BBB+'. The affirmation follows S&P’s June 3 decision to affirm South Africa’s long- and short-term 'BBB-/A-3'... 

Near halfway mark, Randgold’s Bristow raises $2.4m in motorbike fundraiser

20th June 2016 Randgold Resources CEO Mark Bristow’s fundraising motorbike safari across Africa has so far raised about $2.4-million as it passed Kolwezi, in the Lualaba province of the Democratic Republic of Congo (DRC), with a little under half way to go to the end. Through making an estimated $3-million... 

Kenmare advances capital restructuring

20th June 2016 The share price of LSE-listed mineral sands producer Kenmare Resources surged on Monday as the company announced it was making progress with its capital restructuring. As part of Kenmare’s aim to raise $275-million to $368-million in equity to reduce its debt, it has entered into a cornerstone... 

WA’s EPA recommends conditional approval for new nickel mine

20th June 2016 The Environmental Protection Authority (EPA) of Western Australia on Monday recommended that the Environment Minister approve the Wingellina nickel project, which ASX-listed Metals X was developing. EPA chairperson Dr Ton Hatton said the mine’s proposal was assessed at a high level of... 

Bushveld to issue Sable R3m in shares to complete acquisition of Brits project

17th June 2016 Aim-listed diversified miner Bushveld Minerals will issue seven-million Bushveld shares to Sable Metals and Minerals to settle the outstanding R3-million payable for the acquisition of the Brits vanadium project. Bushveld in November 2015 announced that it would acquire the Brits project for $600... 

CoAL extends Universal acquisition closing date to July 15

17th June 2016 Coal development and mining company Coal of Africa Limited (CoAL) has extended the offer period for the acquisition of Universal Coal to July 15, to enable the enlarged group to “ensure it is financially in a position to advance its combined prospects” and that CoAL’s working capital is such that... 

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