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Feb 09, 2016
Updated 3 hours ago Mining companies owed it to their host countries and their shareholders to invest in the troughs so that they could reap the benefits in the peaks, Randgold Resources CEO Dr Mark Bristow said on Tuesday. Speaking during a panel discussion at the 2016 Investing in...
Feb 09, 2016
Trade and Industry Minister Dr Rob Davies
Updated 4 hours ago An extensive feasibility study of fuel cells has been launched in South Africa in a bid to make the most of South Africa’s vast platinum resources. If successful, Isondo Precious Metals (IPM) believes the manufacturing of fuel cell components could be up and running...
Feb 09, 2016
IPM CEO Vinay Somera
Updated 4 hours ago Isondo Precious Metals (IPM) has acquired the rights to manufacture, use, market and sell licensed fuel cell components worldwide, using a portfolio of membrane-electrode assembly and membrane design, formulation and manufacturing technology. The South African...
Feb 09, 2016
Exxaro Resources CEO designate Mxolisi Mgojo
Updated 5 hours ago All stakeholders should recommit to the development of the Waterberg coalfields in tandem with neighbouring Botswana in order to unlock the entire region’s coal potential and improve transport economics, Exxaro Resources CEO designate Mxolisi Mgojo urged on Tuesday....
Feb 09, 2016
Updated 3 hours ago In light of tumbling commodity prices, global diversified metals and mining company Vedanta Resources has had to restructure costs across all of its businesses, including South Africa-based Gamsberg zinc project .  Vedanta Resources CEO Tom Albanese told delegates at...
Feb 09, 2016
Feb 09, 2016
Updated 2 hours 36 minutes ago The second-largest diamond ever recovered has been named ‘Lesedi La Rona’ which means ‘Our Light’. The 1 100 ct diamond – about the size of a tennis ball - was discovered at the Karowe mine in Botswana last November. Over 10 000 people entered a competition to name...
Feb 09, 2016
Former Zimbabwe Finance Minister Tendai Biti
Mining needs to be reinvented as a mutually transformative win-win for countries and companies to put an end to the resource curse, which has destroyed the collective creativity of resource-rich economies, causing them to fall behind their resource-poor counterparts,...
Feb 09, 2016
Feb 09, 2016
Feb 09, 2016
Feb 09, 2016
 
 
 
Feb 09, 2016
M&R Cementation business development executive Allan Widlake
Underground mining services company Murray & Roberts (M&R) Cementation, together with Enterprise Generale Malta Forrest SA (EGMF), will be setting up a joint company in the Democratic Republic of Congo (DRC) to serve the mining industry in central Africa....
Feb 09, 2016
Exports of diamonds mined in Botswana fell 38% to $2.4-billion last year from $3.9-billion in 2014, the southern African country's lowest shipment of gems in six years. Data published by the Bank of Botswana on Monday showed that the value of exports from the major...
Feb 09, 2016
Mining in Democratic Republic of Congo has many challenges and as Randgold Resources developed its Kibali gold mine in the north-east of the central African nation, it came across an unexpected one: the weather. "The electrical storms there are hectic," CE Mark...
Feb 09, 2016
Mining companies are becoming more circumspect when they decide which countries to invest in when it comes to exploration, a panel at the 2016 Investing in African Mining Indaba in Cape Town has heard. They are also faced with increasing attention from...
Feb 09, 2016
Updated 6 hours ago An independent mineral resource estimate has led to a 40% improvement in the inferred mineral resource at Sarama Resources South Houndé project, in Burkina Faso, to 2.1-million ounces The oxide component of the inferred mineral resource increased 87% to 500 000 oz.
Feb 08, 2016
Creamer Media’s Construction 2016 Report examines South Africa’s construction industry over the past 12 months. The report provides insight into the business environment; key participants; local demand; geographic diversification; corporate activity; black economic...
Feb 09, 2016
Updated 1 hour 10 minutes ago Colombia's constitutional court has banned mining and oil projects in the country's ecologically delicate moorlands, sources told Reuters on Tuesday. The decision, which came late on Monday, overturns a previous ruling that said mining companies with older titles to...
Feb 09, 2016
Updated 5 hours ago With rescue teams only 12 m away from where the Lily Mine workers in Mpumalanga are trapped, it's now only a matter of drilling through rocks to reach the three. The mine's operations director, Mike Begg, said all efforts on Tuesday would be aimed at breaking through...
Feb 09, 2016
ASX-listed junior Image Resources has inked an agreement with Murray Zircon and its parent company Guandong Orient Zirconic to fast track the development of the Boonanarring mineral sands project, in Western Australia. The agreement covered a number of transactions,...
Feb 09, 2016
An employee is trapped about 300 m underground at gold miner Newcrest Mining’s Gosowong mine, in Indonesia, after a geotechnical event at the mine on Monday. The company said on Tuesday that at this time, the priority was to contact and rescue the trapped employee,...
 
 
 
 
Feb 09, 2016
The Baralaba coal mine, in Queensland, has been placed on care and maintenance in order to preserve cash and the value of the asset, pending a restructure or sale of ASX-listed Cockatoo Coal. Cockatoo went into administration in November last year, after a...
Feb 09, 2016
The Western Australian government has announced its best-ever quarter for mineral title approvals speeds, with Mines and Petroleum Minister Bill Marmion saying that thousands of Western Australian resource companies have benefited from the record approvals process...
Feb 09, 2016
Gold miner Ramelius Resources on Tuesday flagged an expected half-year pretax profit of A$28.7-million for the interim period ended December 31. This compared with a pretax net profit of A$5.7-million for the previous corresponding period.
Feb 09, 2016
ASX-listed Southern Gold has completed the divestment of its Cambodian subsidiary Southern Gold Asia, allowing the company to focus its efforts on its Cannon gold mine, in Western Australia. In June of last year, Southern Gold entered into a restructuring agreement...
Feb 09, 2016
The federal government would invest A$260 000 to establish the International Energy Agency (IEA) China Centre. Foreign Affairs Minister Julie Bishop said on Tuesday that the funding would help create closer ties between China and the IEA.
Feb 09, 2016
Gold junior Millennium Minerals has worked to further reduce its debt, with the company aiming o be debt free by the end of March. The ASX-listed Millennium said on Tuesday that it had reduced its outstanding debt by another A$1.25-million in January this year,...
Feb 09, 2016
Julius Malema
The Gupta family and the Economic Freedom Fighters (EFF) are expected to face off North Gauteng High court on Tuesday. The family, via their company Oakbay Investments,  is understood to have filed an urgent application on behalf of their shareholders, businesses and...
Feb 09, 2016
Junior gold developer Austral Gold has struck a deal with TSX-listed Revelo Resources to secure 12 500 ha of mining concessions in Chile, to expand its Amancaya project. The mining concessions currently form part of Revelo’s San Guillermo project, which comprises...
Feb 09, 2016
TSX-V-listed Mexico-focused exploration and development firms Kootenay Silver and Northair Silver on Monday signed a definitive arrangement agreement that would position Kootenay as a dominant landholder in the country. With project consolidation also one of the...
Feb 08, 2016
Noranda Aluminum Holding Corp, which smelts and refines aluminium and mines bauxite, filed for bankruptcy on Monday, joining a growing list of commodity-related businesses in Chapter 11. Over the past year, scores of commodity-related businesses have filed for...
 
 
 
 
Feb 08, 2016
Copper production in Chile was largely flat in 2015 compared to the previous year, figures from state copper commission Cochilco showed on Monday, as production cuts in the face of falling market prices started to bite. Chile, the world's largest exporter of the base...
Feb 08, 2016
The TSX-V-listed stock of Barkerville Gold Mines has gained more than 23% in the past five business days, boosted by the endorsement of precious metals royalty company Osisko Gold Royalties, which had last week completed a royalty financing and private placement with...
Feb 08, 2016
Canadian precious metals producers Tahoe Resources and Lake Shore Gold have agreed to combine their businesses, paving the way for the establishment of one Americas-focused miner with a strong diversified production platform, anchored by growing low-cost operations...
Feb 08, 2016
The feasibility study for Phase 1 of Aim-quoted Armadale Capital’s Democratic Republic of Congo-based Mpokoto gold project has revealed “robust” project fundamentals, providing the foundation with cause to hold further funding discussions. The preliminary results of...
Feb 08, 2016
The world's top platinum producers, which are losing money as costs soar and prices sink, are pleading poverty in advance of South African wage talks set to start in April. Anglo American Platinum, Impala Platinum and Lonmin will again be sitting around the table...
Feb 08, 2016
Amplats executive head of marketing Andrew Hinkly
The outlook for platinum demand in the next five years is very positive, Anglo American Platinum executive head marketing Andrew Hinkly said on Monday. Speaking at the 2016 Investing in African Mining Indaba, Hinkly said that the continued requirement for clean...
Feb 08, 2016
LSE- and Nasdaq-listed Randgold Resources is on the hunt for its next “big discovery” as it aims to hike its 2016 exploration budget. The Africa-focused group was making steady progress in its quest, said CEO Mark Bristow, who described exploration as the engine that...
Feb 08, 2016
The Evraz Highveld Steel and Vanadium business rescue practitioners will now seek to sell individual components of the enterprise as going concerns following a failure to consummate the sale of the entire business to International Resources Limited (IRL), of China....
Feb 08, 2016
While African countries account for a significant amount of the world’s mineral deposits, the do not have the financial infrastructure to make the most of these abundant resources, said Nigeria Emir of Kano and Black Rhino Group chairperson Lamido Sanusi, addressing...
Feb 08, 2016
Article contains comments
Anglo American CEO Mark Cutifani expected 2016 to be the most challenging year for the mining industry, stressing in a copy of a speech delivered at the Investing in Africa Mining Indaba, in Cape Town, on Monday, that things could get worse before getting better. He...
 
 
 
 
Feb 08, 2016
Gold mining company Acacia Mining is looking to go beyond Tanzania into Kenya and West Africa. Acacia CEO Brad Gordon told the 2016 Investing in African Mining Indaba that the company’s growth had stemmed from a focus on business fundamentals, people and relationships.
Feb 08, 2016
Multinational diversified miner Rio Tinto  has called on the mining industry and African governments to work together to rise above the extremely tough times for commodities. “We have to be collaborative in solving today’s problems in a tough operating environment....
Feb 08, 2016
Mineral Resources Minister Mosebenzi Zwane on Monday announced that his department had served the Lily Mine in Barberton, Mpumalanga, with a Section 54 notice for a mine closure while the operations to rescue three trapped workers continued. The management at the...
Feb 08, 2016
As the platinum group metals (PGMs) mining industry moves closer to a prolonged weak price environment, Anglo American Platinum (Amplats) is continuing its aggressive approach to strip down to a basic stay-in-business mode. Disciplined capital remained a key priority...
Feb 08, 2016
Article contains comments
South32 CEO Graham Kerr
Mining is good for the world if done sustainably, South32 CEO Graham Kerr said on Monday. Speaking at the Investing in African Mining Indaba, Kerr said the current challenge was around excess supply, which was putting long-term sustainability at risk.
 
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