Creamer Media Reporter

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Creamer Media Reporter

Creamer Media’s news team is based mainly in South Africa, but the team includes regular correspondents from other parts of Africa, such as Zimbabwe, Malawi, Botswana, Kenya and the rest of the world, including the United Kingdom, Australia and India. Email: newsdesk@engineeringnews.co.za

McMullen and Benson join OceanaGold board

7th May 2021 Gold mining company OceanaGold has announced the appointment of Mick McMullen and Paul Benson to its board of directors. McMullen, a geologist with nearly 30 years of experience, is the former CEO of Detour Gold and prior to that, he was president and CEO of Stillwater Mining. →

Minnesota to cancel leases for Mesabi Metallics’ mine near Nashwauk

7th May 2021 The Minnesota Department of Natural Resources (DNR) is reportedly terminating the leases for the stalled Mesabi Metallics taconite mine on the Iron Range, after the company failed to meet deadlines imposed by the state. Mesabi reportedly failed to submit documents and to secure funding for the... →

Lucara reports higher first-quarter earnings

7th May 2021 Canada-headquartered Lucara Diamond Corp achieved adjusted earnings before interest, taxes, depreciation and amortisation (Ebitda) of $22.2-million for the quarter ended March 31, compared with the Ebitda of $8.1-million reported for the quarter ended March 31, 2020. It earned net income of... →

Ivanhoe considers hydrogen fuel cell mining fleet as it pledges net-zero emissions at Kamoa-Kakula

5th May 2021 Canadian mining company Ivanhoe Mines has pledged to achieve net-zero operational greenhouse-gas emissions (Scope 1 and 2) at the Kamoa-Kakula copper mine, in the Democratic Republic of Congo. "In support of the Paris Agreement on climate change, and in the spirit of the commitments at the recent... →

Black Cat raises cash for Kal East gold project

5th May 2021 Gold developer Black Cat Syndicate has received firm commitments to raise A$20-million for the advancement of its Kal East gold project, in Western Australia. The placement at A$0.67 a share is a discount to the A$0.75 a share that the company traded at on Wednesday. The placement formed an... →

Mothae diamonds sell for $1.5m

5th May 2021 Australia-based Lucapa Diamond Company has netted $1.5-million from the sale of 3 617 ct of diamonds from its Mothae mine, in Lesotho. The company achieved a price of $420/ct in this third sale of 2021. The average diamond price achieved in the three sales to date in 2021 is $936/ct. →

Barrick shareholders approve $750m return of capital distribution

5th May 2021 The shareholders of Barrick Gold have voted in favour of the board’s proposed $750-million return of capital distribution at Monday’s virtual annual and special meeting. More than 90% of the shares voted also approved resolutions on the election of directors and Barrick’s approach to executive... →

M&R's Clough awarded R1.1bn EPC contract for New South Wales power station

5th May 2021 Murray & Roberts (M&R) subsidiary Clough has been awarded a R1.1-billion contract for the engineering, procurement and construction of the Tallawarra B gas turbine power station in New South Wales, Australia. Tallawarra B is a 300 MW expansion of the existing Tallawarra A power station. →

Gold Fields board approves R660m construction of 40 MW solar plant at South Deep

5th May 2021 JSE- and NYSE-listed Gold Fields' board has approved the construction of a 40 MW solar plant at the South Deep mine at an estimated capital cost of R660-million. This follows the granting of a licence for the project by the National Energy Regulator of South Africa on February 25. →

Drilling continues to bolster Kirkland Lake confidence in Detour Lake

5th May 2021 Bullion miner Kirkland Lake Gold is continuing to have a great deal of success drilling at the Detour Lake mine, in Ontario, Canada, with the fifth batch of results from the recently announced 270 000 m exploration programme increasing its confidence in the asset. The drilling programme aims to... →

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