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Oriole sets its sights on a bigger footprint in Cameroon

By: Creamer Media Reporter      Updated 32 minutes ago Aim-listed Oriole Resources plans to capitalise on its position as a first-mover in Cameroon to expand its footprint in the country alongside its partner Bureau d'Etudes et d'Investigations Géologico-minières, Géotechniques et Géophysiques (BEIG3). Oriole previously entered into earn-in... 

Hope for SA economy: Thinking ahead to Fourth Industrial Automation technologies

Updated 1 hour 9 minutes ago South Africa’s economy may be nearing the end of its slump, and could start showing stronger growth by 2021/22, says leading economist  After years of slow grow, South Africa may be over the worst, and could start seeing growth by 2021/22. This is according to leading economist Mike Schüssler,... 

Katoro identifies additional target at Haneti

By: Simone Liedtke     20th May 2019 Results from a soil sampling programme at Katoro Gold’s Haneti nickel project, in Tanzania, have reconfirmed and extended the strike length of the previously identified high-priority ultramafic exploration targets, as well as identified an additional ultramafic target, which was previously... 

Sibanye keeps option to increase Lonmin offer against rival bid 

By: Bloomberg     20th May 2019 Sibanye Gold reiterated that its increased offer for Lonmin Plc is final, but kept its option open to sweeten the deal for the platinum producer should a rival bid emerge. While its current offer “is final and will not be increased", the company “reserves the right to set aside the no increase... 

Ariana’s Kiziltepe reports solid start to 2019

By: Simone Liedtke     20th May 2019 Turkey-focused explorer and developer Ariana Resources on Monday reported that its Kiziltepe project produced 7 296 oz of gold during the quarter ended March 31, 2019, reflecting a solid start to 2019. Kiziltepe is part of the Red Rabbit joint venture with Proccea Construction and is 50%-owned by... 

SolGold announces PEA results for Alpala

By: Mariaan Webb     20th May 2019 LSE- and TSX-listed SolGold on Monday published the results of a preliminary economic assessment (PEA) for the Alpala copper/gold/silver deposit at the Cascabel project, in northern Ecuador. The study estimated a “low” start-up capital expenditure of $2.4-billion to $2.8-billion and a “high” net... 

Tanzania fines Acacia Mining $2.4m over alleged pollution

By: Reuters     20th May 2019 Tanzania's mining minister said on Monday Acacia Mining had been fined 5.6-billion Tanzanian shillings ($2.4-million) for alleged pollution at its North Mara mine. Acacia, majority-owned by Barrick Gold, is embroiled in a long-running tax dispute with Tanzania. 

Palladium boom gives South African miners only temporary reprieve

By: Reuters     17th May 2019 A surge in palladium prices has thrown struggling South African mining companies a lifeline. But it may not be enough. Besides patchy power supplies and high labour costs, South African miners are saddled with ore that typically produces twice as much platinum as palladium - just at a time a... 

Sibanye, Lonmin merger enters final stretch as AMCU appeal is dismissed 

By: Marleny Arnoldi     17th May 2019 The Competition Appeal Court of South Africa (CACSA) on Friday gave the green light for JSE- and NYSE-listed Sibanye-Stillwater’s proposed takeover of LSE- and JSE-listed Lonmin, dismissing an appeal filed by the Association of Mineworkers and Construction Union. CACSA upheld the Competition... 

Acacia says North Mara to be issued environmental protection order

By: Reuters     17th May 2019 Acacia Mining said on Friday its North Mara gold mine would be issued an environmental protection order (EPO) relating to alleged historical breaches of environmental regulations in Tanzania. Acacia, majority-owned by Barrick Gold, is embroiled in a long-running tax dispute with Tanzania and had... 

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