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


Altus vends Cameroon bauxite JV to Canyon

11th February 2019 Dual-listed, Africa-focused Altus Strategies has signed a joint venture (JV) termination agreement and a sale and purchase agreement with its JV partner in Cameroon, ASX-listed Canyon Resources. Under the terms of the agreements, Canyon will take ownership of Altus’ Aucam Resources subsidiary,... 

Xtract concludes MoA to explore for copper/gold resource in Zambia

11th February 2019 Xtract Resources on Monday concluded a memorandum of agreement (MoA) with an unnamed consortium to jointly undertake exploration works on a small-scale copper/gold mining licence, in Zambia. The parties hope to identify a copper/gold resource at the licence within 24 months. 

Metal Tiger raises funds to support exploration in Botswana

11th February 2019 Aim-listed Metal Tiger on Monday announced the placing of 70.01-million shares, at a price of 1.45p each, with new and existing investors to raise gross proceeds of about £1-million. In addition to the placing, Metal Tiger also announced that it has signed a nonbinding term sheet with Sprott... 

BlueRock raises £575 000 for further Kareevlei development

11th February 2019 Aim-listed BlueRock Diamonds has raised £575 000 before expenses through the issue of 191.67-million shares at a price of 0.3p a share.  The funds will be used to continue the development of the Kareevlei mine, in the Kimberley region of South Africa. 

Tshipi declares R1.1bn H2 dividend

11th February 2019 Jupiter Mines on Monday announced that the board of Tshipi é Ntle Manganese Mining has resolved to distribute a R1.1-billion dividend to its shareholders for the second half of the 2019 financial year. Tshipi has distributed R3.2-billion in dividends for the full financial year. 

First chrome concentrate shipped from Eastplats subsidiary’s retreatment facility

11th February 2019 Dual-listed Eastern Platinum’s (Eastplats’) Barplats Mines subsidiary has shipped the first 10 000 t of chrome concentrate from its newly built Zandfontein Upper Group 2 tailings chrome retreatment facility in South Africa’s North West province. The retreatment facility is being commissioned,... 

Acacia maintains strong cost discipline in FY18

11th February 2019 Gold miner Acacia Mining maintained strong cost discipline in the financial year ended December 31, achieving an all-in sustaining cost (AISC) of $905/oz, well below the guidance range of $935/oz to $985/oz, interim CEO Peter Geleta said in a statement on Monday. He added that the company had... 

Gold Fields anticipates lower FY18 HEPS

6th February 2019 Dual-listed Gold Fields expects its headline earnings per share (HEPS) for the 12 months ended December 31, 2018 to be 65% to 81% lower year-on-year at between $0.05 to $0.09. In a trading update published on Wednesday, the gold producer said its basic loss a share would widen to between $0.40 to... 

Gold remains an important strategic asset – WGC

6th February 2019 Gold is bought as a luxury good as much as an investment, and, as such, can play four fundamental roles in an investment portfolio, an analysis published by the World Gold Council (WGC) shows. Firstly, gold is a source of long-term returns. 

Minerals Council welcomes President’s statements at Mining Indaba

6th February 2019 The Minerals Council South Africa has welcomed the statements made by President Cyril Ramaphosa during his address at the Investing in African Mining Indaba, in Cape Town, on Tuesday. The Minerals Council said the President had, throughout his address, echoed the sentiments expressed by Mineral... 


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