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Creamer Media Reporter

SilverCrest announces C$22m financing, SSR to maintain interest

23rd July 2019 Precious metals exploration company SilverCrest has announced that it will raise C$22-million in bought deal financing, the proceeds of which will be used for advancing the Las Chispas project, in Sonora, Mexico, to feasibility study level. SilverCrest, which trades on the TSX-V, entered into an... 

Condor granted extra time to acquire land for project in Nicaragua

23rd July 2019 Dual-listed Condor Gold has been granted an extension to the timeframe to acquire land in Nicaragua or to reach legal agreements with landowners for a new mine producing 80 000 oz/y to 100 000 oz/y. Condor Gold in August last year received an environmental permit to operate a mine processing up... 

Aspiring rare-earth producers should focus on niche products – F&S

23rd July 2019 Aspiring rare earth material producers aiming to compete with the likes of Australia’s Lynas Corporation and Iluka Resources will have to focus on manufacturing customised products for clients to break into the market. This is according to research and consulting firm Frost and Sullivan (F&S),... 

SSR buys partner’s stake in Argentina mine

23rd July 2019 Nasdaq- and TSX-listed silver miner SSR Mining will buy the remaining 25% shareholding in the Puna operation, in Argentina, from TSX-V-listed Golden Arrow Resources for $34-million. Upon closing of the transaction, SSR will own 100% of Puna – a joint venture that was formed through the... 

Solidarity mulls possible legal action against Denel

22nd July 2019 Trade union Solidarity says Denel has informed employees that their July salaries might not be paid on time. “Not paying salaries on time is totally unacceptable and we condemn it. The implications are immense and far-reaching and Solidarity is ready for the fight,” Solidarity Defence and... 

The economic trends that will dominate the Roaring Twenties

22nd July 2019 The Roaring Twenties of nearly 100 years ago was defined by a surge of consumerism, a brightly revitalised global economy and the arrival of the concept of ‘mass culture’. It was the era of jazz hands, fresh ideas and glamorous invention. It was also a time of significant political and social... 

CRC building in Rivonia a monument to engineering innovation

22nd July 2019 The new Christian Revival Church (CRC) on the corner of Witkoppen and Riverbend Roads in Fourways is an architectural and structural-engineering feat that showcases excellence in the design and application of steel and concrete technologies. It also bears testament to the skills and capabilities... 

ELBCON’s Detailed Project Planning - A Key Driver to a Successful Project

22nd July 2019 The construction industry in South Africa over the past decade has become one of the most strained industries in the country. New construction projects are far and few between, with those which are being awarded having very tight budgets, accelerated schedules and contracts which typically favour... 

Bigen’s transformation journey continues in Earnest

22nd July 2019 The Bigen Group (which consists of Bigen Africa Group Holdings based in South Africa and Bigen Global Limited based in Mauritius) is pleased to announce the appointment of Dr Snowy Khoza as Group CEO effective 16 July 2019 to 31 September 2021 when a new CEO will be appointed. Dr Khoza, the... 

Polyus production up 14% in June quarter

22nd July 2019 Russian gold mining company Polyus on Monday reported gold production of 684 000 oz in the second quarter, which is a 14% improvement on both a quarter-on-quarter and a year-on-year basis. The performance, CEO Pavel Grachev reported, was supported by the Natalka mill operating at full capacity... 

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