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Mar 31, 2015
Minister Ngoako Ramatlhodi (centre), chamber's Mike Teke (left) and DMR DG Dr Thibedi Ramontja
Government, organised mining and organised labour have agreed to work collaboratively to obtain a court ruling on the crucial issue of black economic-empowerment (BEE) ownership of mines, the only sticking point of Tuesday’s Mining Charter deadline. In an interim...
Mar 31, 2015
A call for platinum-rich South Africa to commit to 1 000 MW of platinum fuel cell-generated electricity by 2020 was made on Tuesday evening during the unveiling by Trade and Industry Minister Rob Davies of Africa’s first platinum fuel cell baseload power unit, which...
Mar 31, 2015
Shares in dual-listed Central Rand Gold (CRG) plunged nearly 13% on Tuesday morning after the company announced that the deadline for the sale of its Netherlands-based subsidiary would be shifted to accommodate the completion of due diligence. Prospective suitors...
Mar 31, 2015
JSE-listed Wescoal CEO and director Andre Bojé has resigned, effective April 14, after 18 years at the helm, the company announced on Tuesday. Wescoal appointed Waheed Sulaiman as acting CEO as the board this week starts the process of identifying a successor.
Mar 31, 2015
Dual-listed gold miner AngloGold Ashanti on Tuesday said it has received interest from an unnamed company for the buy-out of the gold miner’s stakes in its joint venture (JV) mines in Mali. AngloGold aimed to dispose of its 41% stake in Sadiola and its 40% stake in...
Mar 31, 2015
Triple-listed Atlatsa Resources’ Bokoni mine, in South Africa, produced 194 036 platinum, palladium, gold and rhodium (4E) platinum-group metal (PGM) ounces in the 2014 financial year – a 13.9% increase on the 170 295 oz produced the year before. This was also the...
Mar 31, 2015
Uranium miner Paladin Energy on Tuesday warned shareholders that damage to its pre-leach thickener and a delay in the ramp-up at its Langer Heinrich mine, in Namibia, would impact on its production for 2015. Early in March, Paladin reported the failure of the...
Mar 31, 2015
South Africa's only nuclear plant, Koeberg
The Department of Energy (DoE) announced on Tuesday that the pre-procurement phase for South Africa’s proposed roll-out of a nuclear new build programme had been completed, following the latest in a series of workshops with vendor countries and their companies....
Mar 31, 2015
Mar 31, 2015
Mar 31, 2015
Mar 31, 2015
 
 
 
Mar 31, 2015
LSE-listed Shanta Gold has secured a $40-million loan facility from the corporate and investment banking division of Investec Bank. The group, through its operating subsidiary Shanta Mining, would use one-half of the funds to refinance an existing bank loan from...
Mar 31, 2015
Titanium minerals producer Kenmare Resources has extended the date for delivery of a budget to April 30. The company on Tuesday said its project lenders and banking firm Absa have made “substantial progress” towards agreeing the prinicipal terms of a further...
Mar 31, 2015
Aim-listed energy provider Ncondezi Energy has been granted an extension for meeting certain conditions relating to the conditional commercial deal signed between it and Electricidade de Moçambique (EdM) for its 300 MW power plant. Ncondezi was establishing an...
Mar 31, 2015
Graphite hopeful Triton Minerals has formed a strategic alliance with diversified critical materials company AMG Mining AG to hunt for graphite opportunities in Mozambique. The two-year alliance would see the two parties collaborate on the exploration,...
Mar 31, 2015
ASX-listed junior Magnis Resources has inked a binding term sheet with offtake partner China National Nonmetallic Minerals Industrial Limited Corporation (Sinoma) for $150-million in funding to advance the Nachu graphite project, in Tanzania. The funding would cover...
Mar 31, 2015
A prefeasibility study (PFS) into the Panda Hill niobium project, in Tanzania, has estimated that the project would require a capital investment of $158-million to develop. ASX-listed Cradle Resources reported on Tuesday that the base case study was centred around...
Mar 31, 2015
Zola Tsotsi
State-owned electricity producer Eskom announced in the early hours of Tuesday morning that Zola Tsotsi had agreed to step down as a director and chairperson of the board and that Dr Ben Ngubane had been appointed acting chairperson. In a statement the utility...
Mar 31, 2015
ASX- and TSX-listed Alacer Gold has increased the expected mine life of its Çöpler gold mine, in Turkey, by four-and-a-half years, following an updated resource and reserve estimate. The miner on Tuesday announced a 44%, or 245 000 oz, increase to oxide production,...
Mar 31, 2015
The Queensland Resources Council (QRC) has expressed hopes that a new state Parliamentary enquiry into fly-in, fly-out (Fifo) work practices would result in an evidence-based foundation for future policy. In her recent election campaign, now Premier Annastacia...
Mar 31, 2015
Rio Tinto and Mongolia have made a breakthrough in a tax dispute that has been among issues stalling development of the $6.5-billion Oyu Tolgoi copper mine, according to an official familiar with the government's position. Disputes over costs and taxes have delayed...
 
 
 
 
Mar 31, 2015
Creamer Media’s Steel 2015 report provides an overview of the key developments in the global steel industry and particularly of South Africa’s steel sector over the past year, including details of production and consumption, as well as the country's primary carbon...
Apr 01, 2015
Updated 2 hours 32 minutes ago Alloys maker Carpenter Technology said on Tuesday that it will cut about 10% of its salaried workforce, or 200 jobs, to reduce costs amid weak oil and gas prices. The company, which makes corrosion-resistant stainless steel, nickel-base and titanium alloys used in...
Apr 01, 2015
Updated 2 hours 35 minutes ago The Bank of Nova Scotia’s ‘commodity price index’ rallied by 2.4% month-over-month in February, after falling in January to the lowest level since early 2007. The third-largest Canadian bank said on Tuesday its ‘oil and gas index’ rebounded in February, with Alberta...
Apr 01, 2015
Updated 2 hours 57 minutes ago Petrobras, Brazil's state-run oil company, will not sell its fuel distribution arm as part of its ongoing asset sale plan, company board member Silvio Sinedino said on Tuesday. In a live speech broadcast on Youtube, Sinedino said Aldemir Bendine, CEO of the company,...
Apr 01, 2015
Updated 3 hours ago London, Ontario law firm Harrison Pensa is proceeding with a class action under the Class Proceedings Act, 1992 against Baja Mining Corp, certain of its former directors and officers and the company's auditor, PricewaterhouseCoopers. The action alleged that during a...
Mar 31, 2015
Updated 3 hours ago Mexico-focused miner First Majestic Silver has completed a new Canadian National Instrument 43-101-compliant technical report on its La Guitarra silver mine, in Mexico, which validated the rrason the company ought the property from Silvermex Resources in 2012....
Mar 31, 2015
India’s Steel Ministry has proposed that KIOCL, formerly Kudremukh Iron Ore Company Limited, should ally with other government-owned mineral and metal companies to bid for iron-ore resources. According to an official in the Steel Ministry, having been unsuccessful...
Mar 31, 2015
The Western Australian Department of Mines and Petroleum has given its approval for the proposed development and mine closure plan at the Wonmunna iron-ore project, owner Ascot Resources announced on Tuesday. Along with the native vegetation clearing permit, which...
Mar 31, 2015
ASX-listed Galaxy Resources resumed share trading on Tuesday, with the company announcing that all conditions precedent to the sale of its Jiangsu plant had been satisfied. In February, Galaxy revised its sales agreement with China’s Sichuan Tianqu Lithium...
Mar 31, 2015
Gold miner OceanaGold has reported an increase in the proven and probable reserves at its Didipio operation, in the Philippines, despite mining depletion. The ASX- and TSX-listed gold miner on Tuesday reported proven and probable reserve of 47.6-million tonnes, at a...
 
 
 
 
Mar 31, 2015
West Africa-focused oil and gas hopeful Azonto Petroleum told shareholders on Tuesday that the company was weighing a number of strategic options to manage cost and preserve shareholder value, including an asset sale or a possible merger. Azonto holds a 35% interest...
Mar 31, 2015
Gold miner Norton Goldfields said on Tuesday that it expected to beat its 2014 production figures during the current year, as the Paddington operations, in Western Australia, continued to prove its mettle. For 2015, Norton was expecting to produce between 182 000 oz...
Mar 31, 2015
Gold major AngloGold Ashanti has reported that a locomotive operator at its Mponeng mine, in Carletonville, was fatally injured in an underground vehicle incident last week. The company on Tuesday said the Department of Mineral Resources had been notified of the...
Mar 31, 2015
Shareholders of Peruvian precious metals miner Buenaventura on Monday approved the issuance of $500million in bonds or to seek a loan for the same amount, company's CFO Carlos Galvez told Reuters. Buenaventura, which produced 845 515 oz of gold and 19.7-million...
Mar 31, 2015
Private merchant bank Forbes & Manhattan Inc on Monday congratulated Yamana Gold for achieving the ten-year anniversary of the first gold bar poured from the reactivation of the Jacobina mine, in Bahia State, Brazil. The Jacobina mine was acquired by Williams...
Mar 31, 2015
Project developer Guyana Goldfields (GGI) on Monday said construction of its $249-million Aurora gold project, in Guyana, South America, was in top gear and progressing on schedule and within budget, with the first gold pour on track for mid-2015. As of December 31,...
Mar 31, 2015
Article contains comments
NYSE-listed Cliffs Natural Resources has entered into a new senior secured asset-based revolving credit facility (ABL facility) and has completed a private offering of $540-million of senior secured notes due on March 31, 2020, the company announced on Monday....
Mar 31, 2015
World No 1 copper producer Chile produced 447 810 t of copper in February, a 1.1% decrease from a year earlier, due to plant maintenance at a key project, the government said on Monday.
Mar 31, 2015
Teck Resources and Antofagasta denied on Monday that they were in talks about a merger after Bloomberg news reported that the two mining companies were in early stage talks. Teck said in statement it was not in discussions with Antofagasta "in relation to any form...
Mar 31, 2015
Aluminium and lightweight metals producer Alcoa will curtail the remaining 74 000 metric tons of smelting capacity at its São Luís facility, in Brazil. NYSE-listed Alcoa on Monday said the curtailment was part of its plans to evaluate upstream capacity for possible...
 
 
 
 
Mar 30, 2015
TSX- and JSE-listed miner Buffalo Coal has closed a $4-million loan facility with Resource Capital Fund (RCF), which the company plans to use to advance its continued restructuring efforts. The company said that, despite the restructuring initiatives that had been...
Mar 30, 2015
JSE-listed Master Drilling’s headline earnings a share increased to $0.12 in the year ended December 31, 2014, compared with $0.10 a share the year before. Revenue rose to $132.03-million in the year under review, compared with $119.69-million in 2013.
Mar 30, 2015
The Department of Environmental Affairs (DEA) has requested additional information to the final environmental-impact assessment (EIA) report submitted to it for the proposed construction of the 600 MW coal-fired independent power producer (IPP) plant and associated...
Mar 30, 2015
Aim-listed gold producer Goldplat has suffered a £377 000 pre-tax loss and an £827 000 operating loss for the six months ended December 31, 2014, owing to the impact of refinery problems at its operations and increased exposure to gold price fluctuations. The...
Mar 30, 2015
South Africa’s Mineral Resources Minister Ngoako Ramatlhodi will on Tuesday brief the media on the outcomes of the audit to assess the extent to which mining companies have complied with the Mining Charter in the ten years to 2014. This follows the Minister making in...
 
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