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GoldStone defers gold loan further, plans to raise additional funding

By: Tasneem Bulbulia     1st March 2021 Aim-listed GoldStone Resources has agreed with Asian Investment Management Services (AIMS) a further deferment of the gold loan interest payment to June 30 (previously deferred to March 31), and the exercise of warrants by AIMS of over 40-million new ordinary shares which provides £1.2-million of... 

South Africa has a long road ahead to economic recovery, says Saice

By: Tasneem Bulbulia     1st March 2021 South Africa has significant work to do in driving its economic recovery despite the forecasted 3.2% gross domestic product (GDP) growth rate for 2021, and the encouraging R791.2-billion committed to infrastructure development, says industry organisation the South African Institution of Civil... 

Resgen completes Phase 1 of strategic review

By: Donna Slater     1st March 2021 Coal miner Resource Generation (Resgen) reports that Phase 1 of its two phase strategic review that is considering alternatives for progressing development of its Boikarabelo project, in South Africa's Waterberg, has recently been completed. The review was initiated in November.  

Danakali does away with CEO role, reappoints Cornelius as chair

By: Marleny Arnoldi     26th February 2021 LSE- and ASX-listed Danakali has reappointed nonexecutive chairperson Seamus Cornelius as executive chairperson. He will also assume Niels Wage’s responsibilities as CEO.  

Successful marine mining vessel repair leads to two more ship repair projects

By: Schalk Burger     26th February 2021 The successful repair of the Gariep mining vessel, operated by  De Beers Marine, in November has led to two further ship repair projects being booked for 2021 at the Port of Cape Town, the Western Cape Department of Economic Development and Tourism (DEDAT) said on February 25. The Gariep mining... 

Keras commits continual funds for community development

By: Marleny Arnoldi     26th February 2021 As part of its environment, social and governance (ESG) initiatives, Aim-listed Keras Resources has announced it will contribute 0.75% of manganese sales revenue from the Nayéga mine, in Togo, once it is developed, to be used for community projects in the vicinity. The contribution will be made... 

Rolls-Royce marine AI technology project receives UK funding

By: Rebecca Campbell     26th February 2021 The British Ministry of Defence (MOD) has granted funding to UK-based global major industrial technology group Rolls-Royce to further develop the company’s Artificial Chief Engineer technology. This is an autonomous ship machinery control system, intended to permit naval vessels to carry out... 

Kropz inks equity facility with ARC Fund to capitalise ongoing Hinda work

By: Donna Slater     26th February 2021 Aim-listed emerging African phosphate explorer and developer Kropz has entered into a $5-million conditional convertible equity facility with major shareholder ARC Fund to finance the ongoing work at Kropz’s Hinda phosphate project in Congo-Brazzaville. The new facility is in addition to the... 

Deep-South appoints consultancy to update Haib resource estimate

By: Donna Slater     26th February 2021 TSX-V-listed explorer and developer Deep-South Resources has appointed mining consultancy company the MSA Group of South Africa to produce an updated National Instrument (NI) 43-101 resource estimate for its 100%-owned advanced Haib copper project, in the south of Namibia. The report will follow... 

ICON Group successfully preserves century old building in Johannesburg CBD, despite demolitions and excavations ongoing

By: Creamer Media Reporter      24th February 2021 The ICON Group is underway with bulk earthworks and demolition in the Johannesburg CBD for what will eventually become the new Title Deeds Office for the city. The project value for ICON’s scope of work amounts to approximately R20-million. The project began in October 2020 and is centred around... 

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