Aveng sells valve and pump manufacturing subsidiary to reduce debt

Infrastructure and resources group Aveng will sell Aveng Dynamic Fluid Control (DFC) to 100% black-owned investment company Copaflo for R165-million. The sale will include the DFC operations in... 

Atlatsa shareholders to meet on ‘going private’ deal on Aug 2

Shareholders of Atlatsa Resources Corporation will, on August 2, vote on a special resolution to implement a transaction that will result in the company delisting from the JSE and TSX. The... 

Alrosa earns $10m at Hong Kong auction

Russian diamond company Alrosa earned revenue of $10.3-million in its latest auction of special size rough diamonds weighing more than 10.8 ct, in Hong Kong. It sold 112 gem-quality rough diamonds... 

Zinc One to raise up to C$2.44-million in rights offer

TSX-V-listed Zinc One Resources will proceed with a rights offer to raise between C$1.22-million and C$2.44-million. The company will offer rights to holders of its common shares, as from the close... 

Spearmint embarks on Golden Triangle work programme

Canadian company Spearmint Resources has started on a work programme at its Golden Triangle gold prospects over 3 705 ha of landholding directly bordering GT Gold Corp, in the Golden Triangle of... 

Leagold’s interim production in line with guidance

Canadian gold miner Leagold Mining Corporation on Thursday reported consolidated gold production of 91 285 oz for the second quarter, bringing year-to-date production to 197 234 oz – in line with... 

Exxaro’s digital journey paying dividends

The Digital@Exxaro Show & Tell event last week, demonstrated that the digital transformation initiatives implemented by Exxaro Resources have been instrumental in the company’s achieving record... 

Policy has handicapped South Africa’s minerals industry – Baissac

South Africa's minerals policy has changed the market in inefficient ways, exacerbated the impact of external factors such as volatile commodities prices and failed to meet its primary objectives,... 

Lydian lenders agree to extend forbearance agreement

TSX-listed Lydian International has entered into a second amended and restated (A&R) forbearance agreement with its senior lenders, stream financing providers and equipment financiers. Lydian... 

Golden Predator given go-ahead to restart Brewery Creek

Canadian miner Golden Predator Mining has received formal notification from the Yukon government confirming the validity of the existing quartz mining licence and water licence, allowing for the... 

Yanfolila’s second ball mill completed ahead of schedule

The construction of the second ball mill at Hummingbird Resources’ Yanfolila gold mine, in Mali, has been completed ahead of time and within budget. Commissioning is set to begin “imminently” and... 

Mkango terminates earn-in deal, extends Thambani exploration

Aim- and TSX-V-listed Mkango Resources and metals investor Metal NRG have agreed to terminate their heads of terms agreement regarding an earn-in over Mkango’s Thambani licence, in Malawi. Thambani... 

Fourth Medupi unit reaches commercial operation

State-owned power utility Eskom has announced that Unit 3 at its Medupi power station has attained commercial operation, which ensures technical compliance to statutory, safety and legal... 

Concerted effort needed to arrest decline in South Africa’s gold, platinum output – Dixon

Gold and platinum mines in South Africa exemplify the Albert Einstein quote on insanity, consulting engineer and industry expert Roger Dixon noted at an African Mining Network event on Thursday... 

Improving SA’s Doing Business ranking requires acceleration of reforms

During his State of the Nation Address in February, President Cyril Ramaphosa stated that “the World Bank’s annual Doing Business Report (DBR) currently ranks South Africa 82 out of 190 countries .... 

Improving SA’s Doing Business ranking requires acceleration of reforms

During his State of the Nation Address in February, President Cyril Ramaphosa stated that “the World Bank’s annual Doing Business Report (DBR) currently ranks South Africa 82 out of 190 countries .... 

Studies reveal numerous product opportunities for Giyani’s Botswana projects

Metallurgical testing results of stockpile material from TSX-listed Giyani Metals’ K.Hill and Otse manganese deposits, in Botswana, indicate that a variety of lumpy and fine particle manganese... 

S&P revises Sibanye’s outlook to negative, owing to liquidity concerns

Ratings agency S&P Global has revised its outlook for JSE- and NYSE-listed Sibanye Gold to negative, over concern about the gold miner’s ability to absorb potential near-term liquidity events. The... 

Uranium prices seen rising in the long term

TSX-listed Blue Sky Uranium CEO Niko Cacos tells Mining Weekly Online the uranium market is in the early stages of a longer-term rising price trend. Blue Sky, which owns the Amarillo Grande... 

Russian miner partners with AI solutions provider to mine in the extreme north

First Ore-Mining Company, which forms a part of ARMZ Uranium – the mining division of the Rosatom State Atomic Energy Corporation – has signed a memorandum of understanding with Finnish-Russian... 

AST declares maiden quartz at Van Dykspruit quarry

AST Sand Mines’ Van Dykspruit quarry, on the border between Gauteng and Mpumalanga, on Friday declared its maiden quartzite-roadstone resource. AST management also oversaw the inaugral blast that... 

Mgojo confident Exxaro will meet full-year coal production targets

Exxaro Resources CEO Mxolisi Mgojo is not “too worried” about the expected 5% decline in the miner's coal production for the first half of this year, as he expects the company will meet its full... 

Second Lake Charles facility reaches beneficial operation

Petrochemicals company Sasol reported earlier this month that the new ethylene oxide/ethylene glycol (EO/EG) production facility at its Lake Charles Chemicals Project (LCCP), in Louisiana, in the... 

First-ever Kenyan mining PhD holder graduates from Wits

Kenya’s first PhD graduate in mining, Dr Joseph Muchiri Githiria graduated at the end of last year from the University of the Witwatersrand’s School of Mining Engineering (Wits School of Mining).... 

Govt explores new approach to industrial policy implementation

The government – led by the Presidency – is rethinking how industrial policy is conceptualised and implemented as a key element in revitalising the economy. This emerged during a recent debate... 

Threats to embark on industrial action could hurt SAA, airline warns

South African Airways (SAA) on Tuesday noted a “deep sense of disappointment” at the South African Airways Pilots’ Association’s (Saapa’s) comments that it may embark on industrial action in... 

Studies reveal numerous product opportunities for Giyani’s Botswana projects

Metallurgical testing results of stockpile material from TSX-listed Giyani Metals’ K.Hill and Otse manganese deposits, in Botswana, indicate that a variety of lumpy and fine particle manganese... 

Innovative strategies boost platinum jewellery margin – PGI

Platinum jewellery industries across key markets are becoming increasingly innovative to improve margins, Platinum Guild International’s (PGI’s) first quarter 2019 ‘Platinum Jewellery Business... 

BlueRock sells 24.98 ct diamond for $190 000

Aim-listed BlueRock Diamonds, the owner and operator of the Kareevlei diamond mine, in Kimberley, has sold a 24.98 ct diamond recovered earlier this month for $190 000. Executive chairperson Mike... 

S&P revises Sibanye’s outlook to negative owing to liquidity concerns

Ratings agency S&P Global has revised its outlook for JSE- and NYSE-listed Sibanye Gold to negative, over concern about the gold miner’s ability to absorb potential near-term liquidity events. The... 

Blue Sky sees first-mover advantage in Argentina uranium, vanadium market

TSX-listed Blue Sky Uranium CEO Niko Cacos tells Mining Weekly Online the uranium market is in the early stages of a longer-term rising price trend. Blue Sky, which owns the Amarillo Grande... 

Russian miner partners with AI solutions provider to mine in the extreme north

First Ore-Mining Company, which forms a part of ARMZ Uranium – the mining division of the Rosatom State Atomic Energy Corporation – has signed a memorandum of understanding with Finnish-Russian... 

Atterbury’s Western Cape office relocated to Stellenbosch heritage building

Atterbury’s new Western Cape office is the La Gratitude Manor House – an iconic building, national monument and the second-oldest building in Stellenbosch. Atterbury’s decision to move its Western... 

AST declares maiden quartz resource, celebrates with inaugural blast

AST Sand Mines’ Van Dykspruit quarry, on the border between Gauteng and Mpumalanga, on Friday declared its maiden quartzite-roadstone resource. AST management also oversaw the inaugral blast that... 

Growthpoint’s Oxford road development to be completed by October

Growthpoint Properties’ multimillion-rand 144 Oxford road development is set for completion in October. The nine-storey, 35 000 m2 office development comprises two office towers. Designed by... 

Third-quarter ferrochrome price down 13% q/q

JSE-listed Merafe Resources on Friday advised shareholders that the European benchmark ferrochrome price had been settled at $1.04/lb for the third quarter. This represents a 13.3% decrease on the... 

Deterioration in manufacturing index described as ‘worrying’

The seasonally adjusted Absa Purchasing Managers’ Index (PMI) erased most of last month’s gain and fell to 45.4 index points in May from 47.2 points in April, which – excluding the drop to 45... 

Capital equipment exporters urged to comply with host-country legal frameworks

South African machinery and capital equipment companies must understand the legislation of countries they are operating in, or exporting to, South African Capital Equipment Export Council... 

Australia mulls fungi as potential exploration tool

Australia’s national research organisation, the Commonwealth Scientific and Industrial Research Organisation (CSIRO), is looking into fungal biogeochemical cycling as a potential method for finding... 

Strategic partnerships with midtiers, majors key to securing funding for juniors

Strategic partnerships with midtiers or majors was one of the more realistic and beneficial means for junior miners to secure funding for initial exploration, a panel of speakers at the Junior...