https://www.miningweekly.com

ASA Resources to sell Klipspringer mine

24th July 2017

By: Anine Kilian

Contributing Editor Online

     

Font size: - +

JOHANNESBURG (miningweekly.com) – Aim-listed ASA Resources’ 73%-owned subsidiary SouthernEra Diamonds will sell its Klipspringer diamond mine, in South Africa, to mining exploration company Greenhurst Mining for R23-million.

Klipspringer has been making a loss of at least R1-million a month.

The slimes retreatment project, which used to generate reasonable revenues to cover costs, was terminated in April owing to nonperformance.

"Grades at Klipspringer were not being achieved and the project was having a negative impact on the group's cash flow. The prospects of restarting the mine were unlikely owing to historical complications of the black economic empowerment ownership structure, a requirement under the South African Mining Charter,” ASA CEO Toindepi Muganyi said on Monday.

Edited by Chanel de Bruyn
Creamer Media Online Managing Editor

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Projects

Image looking north showing historical pits, rehabilitated leach pads and waste dumps, tailings storage facility and exploration camp
Bullabulling gold project, Australia
Updated 2 hours 6 minutes ago By: Sheila Barradas
Image of graphite mineral
Kearney graphite project, Canada
Updated 2 hours 6 minutes ago By: Sheila Barradas

Showroom

Roytec Global (Pty) Ltd
Roytec Global (Pty) Ltd

Roytec Global is an international company specializing in liquid / solid and mineral separation technologies for the Mining and Industrial sectors.

VISIT SHOWROOM 
AutoX
AutoX

We are dedicated to business excellence and innovation.

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Resources Watch
Resources Watch
14th October 2026

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

➕

➕

➕

➕

➕

RESEARCH CHANNEL AFRICA

SUBSCRIBE

➕

➕

➕

➕

➕

➕

➕

➕

➕

➕

CORPORATE PACKAGES

CLICK FOR A QUOTATION

➕

➕







sq:0.049 0.072s - 111pq - 2rq
Subscribe Now