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Time for govt to consider new strategies to get economic growth going, says Baxter

By: Marleny Arnoldi     21st February 2020 In what has been the longest economic downturn for the country since 1945, it has become necessary for government to consider alternative strategies and change various policies to allow business to grow the economy, Minerals Council South Africa CEO Roger Baxter said during a media briefing on... 

Is mining in South Africa a sunset industry? 

18th February 2020 Recently, for the first time in the history of gold mining in Africa, South Africa toppled from its position as the biggest gold producer on the continent, as production figures coming out of Ghana revealed it has now assumed that number one spot. 

ACCC calls for more gas exploration

By: Esmarie Iannucci     18th February 2020 The Australian Competition and Consumer Commission (ACCC) has called on Australia’s southern state to allow gas exploration in a bid to secure supply. “Southern states risk facing a shortfall in the medium term unless there is more exploration and development in the south, or new infrastructure... 

Arbitrator backs Woodside in Senegal tussle

By: Esmarie Iannucci     14th February 2020 The International Arbitration Court has backed oil and gas major Woodside in a dispute with fellow listed FAR. Woodside and FAR are joint venture (JV) partners in the Sangomar field development, offshore Senegal.  

South32 and Trilogy appoint Ambler Metals board

By: Mariaan Webb     12th February 2020 Canada’s Trilogy Metals and Australia’s South32 have completed the formation of their 50:50 joint venture (JV), named Ambler Metals, focusing on projects in the US state of Alaska. Ambler is an independently operated company controlled by Trilogy and South32 through a four-member board, the... 

Metalicity flags possible deal with Nex Metals

By: Esmarie Iannucci     12th February 2020 The share price of junior Metalicity on Wednesday closed 25% higher after the company flagged a possible corporate transaction with fellow-listed Nex Metals Exploration. Metalicity and Nex Metals on Wednesday told their respective shareholders that the two companies had initiated discussions... 

OceanaGold sets production targets for 2020

By: Esmarie Iannucci     11th February 2020 Dual listed gold miner OceanaGold has set a production target of between 360 000 oz and 380 000 oz for the full 2020, with the Haile operation, in the US, expected to deliver an additional 25% of production. “OceanaGold is highly committed to regaining its status as one of the best gold mining... 

Beach narrows full year guidance

By: Esmarie Iannucci     11th February 2020 Oil and gas producer Beach Energy has narrowed its full year production expectations to reflect actual production achieved in the first half of the financial year. The ASX-listed company was now expecting full year production to reach between 27-million and 28-million barrels of oil equivalent,... 

Northern Star's profit soar

By: Esmarie Iannucci     11th February 2020 Gold miner Northern Star Resources has reported a 53% increase in its underlying net profits after tax for the half-year ended December, on the back of higher gold prices. Underlying net profits for the interim period was reported at A$139.4-million, while statutory net profits were up by... 

Silver Swan's reserves double

By: Esmarie Iannucci     11th February 2020 The share price of junior Poseidon Nickel increased by more than 9% on Tuesday, after the company reported a doubling of the nickel reserve at its Silver Swan operation, in Western Australia. The Silver Swan project is now estimated to host 130 000 t of contained nickel metal, at 5.2% nickel for... 

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