After successful Q2, Kinross on track to meet 2017 production, sales guidance

After a strong second quarter with consistent operational results, Canadian gold major Kinross Gold remains on track to meet its yearly production guidance of between 2.5-million and 2.7-million... 

Fission intersects widest mineralisation, strongest radioactivity at PLS zone

TSX-listed explorer Fission Uranium has intersected the widest mineralisation and some of the strongest radioactivity to date at its Patterson Lake South property in Canada’s Athabasca basin,... 

Osisko acquires high-quality previous metals portfolio

TSX- and NYSE-listed Osisko Gold Royalties has acquired a high-quality precious metals portfolio of assets comprising 74 royalties, streams and precious metal offtakes from Orion Mine Finance... 

Radius sells Mexico property to Fortuna

TSX-V-listed exploration company Radius Gold has completed the sale of its Tlacolula property, in Mexico, to TSX-listed Fortuna Silver Mines for $150 000 cash, about 240 000 Fortuna common shares... 

Great Panther appoints former Aura Minerals boss Bannantine as CEO

TSX- and NYSE-listed silver miner and explorer Great Panther Silver has appointed Jim Bannantine president and CEO, following the resignation of Robert Archer, who announced his intention to step... 

From loss to profit, Golden Star sees fifth consecutive quarter of production growth

The second quarter of 2017 marked Ghana-focused Golden Star Resources’ fifth consecutive quarter of production growth, according to a trading update published Tuesday. The New York-, Toronto- and... 

Record production at Fosterville prompts Kirkland Lake to up 2017 guidance

Based on strong operating and financial results for the first half of 2017, dual-listed gold producer Kirkland Lake has revised its production guidance for the year to between 570 000 oz and 590... 

Centerra sees eight-fold quarterly increase, ups 2017 guidance

TSX-listed Centerra Gold has upped its second-quarter net earnings by a whopping 706% year-on-year, according to a release published Monday. The Canadian gold major reported net earnings of... 

Cash-strapped ASA Resource Group suspends trading on Aim

Cash-strapped diversified miner ASA Resource Group has suspended the trading of its ordinary shares on the Alternative Investment Market, with effect from 11:00 on Friday morning. The... 

SacOil to acquire local fuels wholesaler

JSE-listed SacOil is in talks to acquire a South African fuels wholesaler that owns and operates a substantial fleet of heavy-duty tankers, the company announced Thursday. The wholesaler sells fuel... 

Goldplat’s profit to exceed market expectations

Having closed off a successful fourth quarter ended June 30, Aim-listed Goldplat expects its consolidated profit before tax to exceed market expectations for the financial year, the results of... 

Moratorium aside, Zwane approves Lonmin’s bid to acquire Anglo’s Pandora stake

Mineral Resources Minister Mosebenzi Zwane has given platinum major Lonmin the go-ahead to acquire Anglo American Platinum’s 42.5% stake in the Pandora platinum joint venture (JV) operation, which... 

Liberty Two Degrees acquires additional shares in Liberty property portfolio

JSE-listed real estate investment trust (Reit) Liberty Two Degrees (L2D) will acquire additional undivided shares in properties co-owned by financial services company Liberty Holdings (Liberty) to... 

Joffe’s Long4Life to acquire Sportsmans, Outdoor Warehouse

Business mogul Brian Joffe’s new investment holding company, Long4Life, which recently debuted on the JSE, has announced its intention to acquire local cash retailer Holdsport, which trades as... 

Industry retaliates, dismisses Zwane's proposed moratorium as 'unlawful'

An outraged Chamber of Mines (CoM) has dismissed Mineral Resources Minister Mosebenzi Zwane’s proposed moratorium on new mining right applications as “unlawful”, owing to the damage that the... 

Ivanhoe appoints two more financiers to find funds for Platreef

Africa-focused platinum-group metals (PGM) miner Ivanhoe Mines has appointed mine-financing institutions KfW IPEX-Bank and the Swedish Export Credit Corporation (SEK) to arrange project financing... 

Temporary mobile transformer helps Loeriesfontein connect to the grid

The Northern Cape-based Loeriesfontein Wind Farm has been making use of a mobile transformer to allow for an early connection to the grid for the commissioning of the turbines – a temporary... 

Vukile raises R900m after heavily oversubscribed placement

JSE-listed Vukile Property Fund has raised R900-million after closing a same-day, heavily oversubscribed bookbuild, initially aimed at raising R500-million. Seeing strong demand for shares, the... 

Lithium Americas inks investment agreement with Thai energy company

Niche minerals company Lithium Americas has closed an investment agreement with BCP Innovation, a wholly owned subsidiary of Thai energy company Bangchak Corporation Public Company, in which the... 

Production at Oyu Tolgoi remains steady at +3.5% q/q

Second-quarter production at Turquoise Hill Resources’ Oyu Tolgoi gold/copper mine, in Mongolia, proceeded as planned and remained steady quarter-on-quarter, the Vancouver-based miner revealed on... 

Dawn signs nonbiding MoU for potential disposal of shares

JSE-listed branded hardware, sanitaryware and civil products manufacturer Distribution and Warehousing Network (Dawn) has signed a non-binding memorandum of understanding with the controlling... 

Strike would threaten MEIBC's continued existence – Solidarity

With wage negotiations in the metals and engineering sector coming to a standstill, Solidarity fears that if a strike is the result it would jeopardise the Metal and Engineering Industries... 

Coal stakeholders agree to proceed with centralised bargaining

Local coal producers and labour unions have agreed that the 2017 coal sector wage negotiations will take place centrally under the auspices of the Chamber of Mines (CoM). Gathering at the CoM on... 

Sunrise discharges first LPG shipment through Saldanha Bay terminal

One of two international traders – and their local joint venture partners – who have commercial agreements in place with South Africa-based energy infrastructure company Sunrise Energy on Thursday... 

Former President Mbeki appointed Unisa chancellor

In an effort to sustain the reputable profile of outgoing University of South Africa (Unisa) chancellor Judge Bernard Ngoepe, who served the university for 15 years before stepping down this week,... 

Laramide, Uranium Resources ink LoI to amend terms of payment

Dual-listed uranium developer Laramide Resources has signed a letter of intent (LoI) with Texas-based miner Uranium Resources to amend the definitive share purchase agreement, signed on April 6,... 

Columbus announces maiden resource estimate of 721 000 oz at Eastside project

TSX-listed Columbus Gold announced on Monday that the maiden resource for the company’s 100%-owned Eastside gold-silver project, in Nevada, in the US, is estimated to be a total of 721 000 oz of... 

SNC-Lavalin awarded EPC contract from Codelco for sulphuric acid plant construction

Chile-based Corporación Nacional del Cobre de Chile (Codelco), one of the world’s largest copper producers, has appointed TSX-listed engineering and construction group SNC-Lavalin to construct two... 

Tharisa concludes project completion tests, reduces debt levels

Dual-listed platinum-group metals (PGMs) miner Tharisa Minerals has successfully concluded project completion tests in respect of a R1-billion senior debt finance facility, which will significantly... 

Local air travel maintains positive growth trajectory year-on-year

Air passenger numbers climbed steady year-on-year in the third quarter of 2016, according to Airports Company South Africa’s (ACSA’s) latest Aviation Barometer for the three months to September 30.... 

Transfer delays impact on Balwin’s otherwise solid H1 performance

Three property registration delays have impacted on Balwin Properties' otherwise glowing half-year results, according to the residential property developer, which saw a 36% decline in headline... 

Argentina adopts Canada’s sustainable mining initiative

Argentina’s national mining association, Cámara Argentina de Empresarios Mineros (CAEM), has announced that it will adopt Canada’s Towards Sustainable Mining (TSM) initiative, a corporate social... 

Oyu Tolgoi sets all-time high for quarterly mined material in Q3

Rio Tinto subsidiary Turquoise Hill Resources’ Oyu Tolgoi mine, in Mongolia, set an all-time high of 25-million tonnes of quarterly mined material in the third quarter of 2016, including stripping... 

Stornoway officially opens Québec-based Renard diamond mine

TSX-listed Stornoway Diamond Corporation’s Québec-based Renard diamond mine, the only diamond mine in the province, was officially opened on Wednesday at a ceremony presided over by Québec Energy... 

Necsa receives first R1.7m in settlement of Russian fabrication contract

State-owned nuclear company the South African Nuclear Energy Corporation (Necsa) has been paid the first R1.7-million of a fabrication contract to manufacture nuclear reactor components for Russia.... 

BHP JV partner reports positive drill results from Canada copper project

BHP Billiton joint venture (JV) partner Aston Bay Holdings has reported evidence of high-grade copper at the Storm copper project, in Nunavut, Northern Canada, following preliminary drill results... 

Advancements at Nemaska’s Whabouchi mine on time and budget

The Phase 1 plant and site preparation of TSX-listed project developer Nemaska Lithium’s Whabouchi mine, in Quebec, Canada, is advancing on time and within budget. Nemaska, which has signed a... 

Copper Mountain’s yearly guidance slightly ahead for 2016

Annual production is on track at TSX-listed copper and gold producer Copper Mountain Mining’s eponymous mine, in southern British Columbia, which produced 22-million pounds of copper, 8 170 oz of... 

NWU to take on international competition at 2016 Solar Challenge

Various improvements, including the exclusive use of include German-made Gochermann solar panels, have been made to the North-West University (NWU) solar car team’s Sirius X25 enabling the... 

Karnalyte completes Phase 2 optimisation at Wynward

Potash project developer Karnalyte Resources has successfully commissioned the second phase of its Brine Production Phase optimisation programme at the company's Wynyard potash mine, in...