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Low carbon transition could hold $124bn risk for South Africa

By: Marleny Arnoldi     Updated 4 hours ago Climate Policy Initiative (CPI) Energy Finance on Tuesday released its latest report, which looked at the impact of a low carbon transition on South Africa. CPI found that the impact on South Africa of a global low-carbon transition over the period of its analysis from 2013 to 2035 could be... 

Galantas steps up production at Northern Ireland mine

By: Creamer Media Reporter      Updated 4 hours ago Dual-listed Galantas Gold is stepping up its gold milling operations at the Omagh mine, in Northern Ireland, and is aiming to lift production to 50 000 oz/y in future. The company reported on Tuesday that it was running an extended dayshift this quarter and that it would add another milling... 

ISS throws weight behind Newmont-Goldcorp merger

By: Mariaan Webb     Updated 7 hours ago Proxy advisory firm Institutional Shareholder Services (ISS) has recommended that Newmont shareholders vote in favour of the US major’s $10-billion takeover of Canadian miner Goldcorp at a general meeting next month. ISS said on Tuesday that a vote for the proposal was warranted, given the “solid... 

SolGold says finalising Cornerstone bid documents

By: Mariaan Webb     Updated 7 hours ago Australia-based SolGold said on Tuesday that it was finalising bidding documents for TSX-V-listed Cornerstone Resources, which earlier criticised its suitor and project partner for a “consistent track record of delays”. It has been two months since SolGold first announced a proposed takeover of... 

EPA chief recused from Bristol Bay mine law firm represented

By: Bloomberg     26th March 2019 EPA Administrator Andrew Wheeler is formally recusing himself from agency reviews and permitting decisions on a proposed gold and copper mine near Alaska’s Bristol Bay amid criticism his former law firm represented the developer. Wheeler promised to steer clear of matters involving the... 

Wesfarmers makes A$1.5bn bid for Lynas

By: Esmarie Iannucci     26th March 2019 Rare earths miner Lynas went into a trading halt on Tuesday after fellow-listed Wesfarmers launched a A$2.25c a share cash offer for the company. The A$1.5-billion cash bid offered a premium of 44.7% to Lynas’ last closing price, and a 36.4% premium to its 60-day volume weighted average share... 

Kibo provides update on four key projects

By: Simone Liedtke     25th March 2019 JSE- and Aim-listed Kibo Energy on Monday confirmed that it is developing four key projects – two thermal coal power projects, in Botswana and Mozambique; a UK-focused flexible energy portfolio; and an advanced coal-to-power project, in Tanzania – in parallel. The projects fall in line with the... 

Thorny River on track to become diamond producer by mid-2019

By: Simone Liedtke     25th March 2019 Aim-listed Botswana Diamonds has confirmed that its Thorny River diamond dyke project, in South Africa, remains on track to start bulk sampling and diamond production by the middle of this year. Bulk sampling is anticipated to start in May, assuming final permits are obtained in time, and will... 

90 000 gold and platinum jobs at risk as Eskom hikes loom 

By: Terence Creamer     25th March 2019 The Minerals Council South Africa is ringing alarm bells over the threat posed to employment and production in the gold and platinum sectors as a result of recently approved electricity tariff increases, including the 13.8% hike to be implemented from April 1. In addition, the council is warning... 

90 000 gold and platinum jobs at risk as Eskom hikes loom 

By: Terence Creamer     25th March 2019 The Minerals Council South Africa is ringing alarm bells over the threat posed to employment and production in the gold and platinum sectors as a result of recently approved electricity tariff increases, including the 13.8% hike to be implemented from April 1. In addition, the council is warning... 

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