R/€ = 16.21 Change: -0.01
R/$ = 14.33 Change: -0.01
Au 1318.86 $/oz Change: 2.13
Pt 852.61 $/oz Change: 2.39

Tasneem Bulbulia

Tasneem Bulbulia

Tasneem Bulbulia is a Creamer Media Online Writer for Engineering News and Mining Weekly.

Tel: +2711 622 3744


Semafo expands in Burkina Faso with Savary deal

11th March 2019 TSX-listed Semafo said on Monday that it had entered into a definitive combination agreement pursuant to which it would acquire all the issues and outstanding common shares of TSX-V-listed Savary. The Canadian companies previously said that they contemplated a transaction, in terms of which... 

Shanta intersects first ore at Ilunga underground

11th March 2019 Aim-listed Shanta Gold on Sunday intersected underground development ore at the Ilunga mine, which forms part of its New Luika gold mine complex, in Tanzania. The intersect occurred as predicted in the company’s geological model, and, notably, is three months ahead of schedule. 

Bauba’s new chrome wash plant reaches targeted throughput level

11th March 2019 Platinum and chrome explorer and producer Bauba Platinum’s new wash plant at the Moeijelijk chrome mine, in Limpopo, is producing at its planned throughput levels, boding well for the company to improve its profit margins, the JSE-listed firm reported on Friday, as it reported a half-year loss.... 

Cullinan yields 100 ct white diamond, small blue stones

11th March 2019 LSE-listed Petra Diamonds has recovered a 100.83 ct D-colour Type II gem-quality diamond at its Cullinan mine, in South Africa. The large diamond find follows the recent recovery of a 6.12 ct Type II blue stone at the same mine. 

Negotiations to acquire Universal ongoing – Wescoal

7th March 2019 JSE-listed Wescoal on Thursday said negotiations regarding a potential buyout of Universal Coal by a consortium that Wescoal is a part of, were ongoing. “Negotiations regarding the conclusion of detailed transaction agreements are still in progress,” it said in a statement. 

De Beers’ diamonds receive Assure approval

6th March 2019 De Beers Group Industry Services on Tuesday announced that all four of its diamond verification instruments (DVIs) submitted for testing as part of the Assure programme had received “outstanding” results. The Assure programme is a joint collaboration between the Diamond Producers Association... 

New Liberty PFS yields positive results

6th March 2019 Dual-listed Avesoro Resources has recorded positive results from the prefeasibility study (PFS) for its New Liberty gold mine, in Liberia. The PFS included an updated mineral resource and mineral reserve estimate, maiden mineral reserves at the Ndablama satellite deposit and an updated... 

Court of Appeal rules in Kenmare’s favour on damages in libel case

1st March 2019 LSE-listed mineral sands producer Kenmare Resources on Thursday announced that the Court of Appeal in Ireland had ruled that the High Court jury’s award of damages, made in favour of its former director Donal Kinsella in November 2010, be considerably reduced from €10-million to €250 000. The... 

Bougouni project’s resource rises by 23%

28th February 2019 The Joint Ore Reserves Committee-compliant mineral resource estimate for Kodal Minerals’ 450 km2 Bougouni lithium project, in Mali, has increased by 23%. Kodal on Thursday published the results of an updated resource estimate, which incorporates the results of all definition and extension... 

Revised Zimbabwe monetary policy to impact on Caledonia’s 2019 earnings

27th February 2019 Dual-listed Caledonia Mining on Wednesday announced that, as a result of the revised monetary policy adopted by the Reserve Bank of Zimbabwe (RBZ), the export credit incentive (ECI) programme for Zimbabwean gold producers will be withdrawn. This will likely reduce Caledonia’s earnings a share for... 


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