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Creamer Media Reporter

Katanga continues to progress WOL project

27th July 2017 Throughout the first six months of this year, TSX-listed Katanga Mining has continued to advance its $437-million Whole Ore Leach (WOL) project, which is set for commissioning to start in the fourth quarter of this year. The company in September 2015 suspended the processing of copper and cobalt... 

MTN to swing back into the black in H1

27th July 2017 Telecommunications group MTN expects to report basic headline earnings a share of between 210c and 230c and basic earnings a share of between 280c and 300c for the six months ended June 30. This compares with a headline loss a share of 271c and an attributable loss a share of 301c in the six... 

Wolfsberg spodumene delivers battery-grade lithium carbonate

27th July 2017 Spodumene concentrate from the Wolfsberg lithium project, in Austria, has been used to make a battery-grade lithium carbonate, which bodes well for the project to be a strategic supplier to the lithium battery plants being developed in Europe. Wolfsberg owner, ASX-listed European Lithium,... 

Georgian reports copper resource upgrade at KB project

27th July 2017 Explorer Georgian Mining on Thursday reported a 41% tonnage increase in the global in-pit optimised constrained copper/gold sulphide mineral resource for the Kvemo Bolnisi (KB) project, in the Tethyan belt. The resource was upgraded from 1.2-million tonnes at 1.03% copper to 1.7-million tonnes at... 

Gold Fields expects lower H1 earnings; sets $30m aside for lung disease claims

27th July 2017 Stronger exchange rates on converting local currency costs to dollar, an increase in amortisation and a financial provision to potentially settle silicosis claims will result in an up to 50% year-on-year decrease in JSE- and NYSE-listed Gold Fields’s earnings per share (EPS) and headline earnings... 

Smart investments key to improving miners’ health

26th July 2017 A meeting between representatives from the private sector, government, civil society and associations of miners and ex-miners took place in South Africa on Wednesday to identify significant interventions for further investments in occupational and public care.    Representatives believe that... 

Tribunal confirms settlement agreement with second fire control systems supplier

26th July 2017 Fireco Gauteng, now called KRS Fire, which specialises in supplying, installing and maintaining fire control and protection systems, has agreed to pay a R909 376 administrative penalty for collusion. The Competition Tribunal has confirmed the settlement agreement with the company. 

Junior makes board changes as it pursues European cobalt market

26th July 2017 Australian junior Riedel Resources has made two key board appointments, which the company says will help drive its new direction of securing and developing cobalt and tech-energy metals opportunities in European lithium-ion markets. The ASX-listed firm appointed former Alcoa Europe projects... 

BlueRock pleased with ramp-up in production at Kareevlei

26th July 2017 Production has continued to improve at Aim-listed BlueRock Diamonds’ Kareevlei mine, in Kimberley, with total tonnage for July expected to reach about 20 000 t, a 35% increase on the 14 427 t achieved in June. BlueRock is aiming for a monthly target of 25 000 t by the fourth quarter of this year. 

Metair achieves H1 earnings surge

26th July 2017 Metair Investments expects to report a surge in earnings for the first half of this year as the performance from its automotive components business improves. This was offset slightly by the less favourable results for its energy storage business owing to the currency weakness of foreign reported... 

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