Assore announces record full-year earnings

JSE-listed mining holding company Assore posted record headline earnings of R4.2-billion for the year ended June 30, up 19.7% on that of the prior year. It attributed the higher headline earnings... 

NUM opposes Petra mining rights application in light of retrenchments

The National Union of Mineworkers (NUM) on Wednesday said it “vehemently” opposed an additional mining rights application by diamond miner Petra Diamonds, in the Swartruggens area of the North... 

Pan African Resources reports higher gold, PGE reserves

Africa-focused precious metals producer Pan African Resources on Wednesday announced a 9.8% gross yearly increase in group gold reserves to 10.1-million ounces, up from 9.2-million ounces... 

RBPlat COO resigns, Carr to take over

Platinum mining company Royal Bafokeng Platinum (RBPlat) on Monday announced that its COO Nico Muller would resign from the company and board of directors, effective October 1. “Nico played a... 

Mineral processing equipment cluster to engage on local procurement

Government, in conjunction with industry clusters had to encourage preferential procurement in the mining industry, Department of Trade and Industry (DTI) capital equipment and allied services... 

Bellzone advanced $750 000 to continue operations until mid-September

Aim-listed Bellzone Mining would be advanced $750 000 by China Sonangol, in terms of an up to $4-million loan agreement, which was expected to allow the company to continue operations until... 

Shanta posts first operating profit

East Africa-focused gold producer Shanta Gold on Monday announced its first operating profit of $11.1-million for the six months ended June 30. The company, which started commercial production in... 

CRG enters into MoU with Chinese mining machinery manufacturer

Dual-listed Central Rand Gold (CRG) has entered into a memorandum of understanding (MoU) with China-based mining machinery manufacturer Zhejiang Golden Machinery Plant (ZGMP), establishing a... 

Wesizwe expects narrowed half-year losses

JSE-listed Wesizwe Platinum on Monday said that it expected its basic and headline loss a share for the six months ended June 30 to be more than 20% lower than that of the prior corresponding... 

Continental lodges prospectus for A$35.1m right issue

South Africa-focused thermal coal producer Continental Coal on Friday lodged the prospectus for its proposed pro rata rights issue, to raise about A$35.1-million to recapitalise the company’s... 

Pan African Resources expecting lower full-year earnings

JSE- and Aim-listed Pan African Resources on Friday advised that it expected its earnings per share (EPS) for the financial year ended June 30 to be more than 20% lower than that of the prior... 

Gold Fields piloting two new mining methods at South Deep

JOHANNESBURG (miningweekly.com) – Gold miner Gold Fields would pilot two new mining methods at its South Deep mine, in Gauteng, over the next 12 months, with the potential to enable the mine to... 

Draft scoping report for Delmas Coal extension, upgrades to be published for public comment

The draft scoping report for the proposed extension of the underground mining area of Kuyasa Mining subsidiary Delmas Coal’s mine, in Mpumalanga, as well as the rehabilitation of the mine’s coal... 

DiamondCorp reports H1 net loss as Lace moves towards underground mining

Diamond development, exploration and mining company DiamondCorp on Thursday reported a net loss of £2.75-million for the six months ended June 30, slightly up from the £2.2-million loss of the... 

Obtala to sell Paragon loan notes to Titanium Capital

Aim-listed Obtala Resources has entered into an agreement to sell its nearly £2-million of loan notes in diamond development and production company Paragon Diamonds to Titanium Capital Investments... 

Kenmare H1 revenues flat amid subdued prices, weak market conditions

London-listed Kenmare Resources’ revenue for the six months ended June 30, remained flat at $81.2-million, as increases in sales volumes were offset by lower prices and weak market conditions.... 

CoAL to pay Grindrod $10m for Matola capacity underutilisation

ASX-, Aim- and JSE-listed Coal of Africa Limited (CoAL) has reached a $10-million agreement with Grindrod subsidiaries Grindrod Corridor Management and Terminal de Carvão da Matola for the... 

Portfolio committee to hold three-day colloquium on beneficiation

The Parliamentary Portfolio Committee on Trade and Industry will this week hold a three-day colloquium on beneficiation aimed at identifying the blockages preventing value addition in South Africa... 

Harmony reports fatality at Tshepong mine

An employee at Harmony Gold’s Tshepong mine, near Welkom, in the Free State was fatally injured in a tramming accident. The company noted in a statement on Monday that investigations into the... 

Houndé South metallurgical testing shows potential

Preliminary metallurgical testing results at Canadian junior exploration company Savary Gold Corp and West Africa-focused gold explorer Sarama Resources’ Houndé South property, in Burkina Faso,... 

Platfields in negotiations for mining assets acquisition

Emerging platinum miner Platfields on Friday said it had been approached by a third party and had started negotiations for the acquisition of substantial mining assets. The company said that, if... 

Eskom launches customer service app

State-owned power utility Eskom has launched its MyEskom mobile app in a bid to improve customer service, transparency and communication. The app, which was available for Android and iOS devices,... 

R1.1bn in funding support for Northern Cape CSP project

State-owned power utility Eskom and long-term lending institution, the European Investment Bank (EIB), have signed a new R1.1-billion, or €75-million, finance contract to support a 100 MW... 

Ports Regulator switches to multiyear tariff methodology to improve certainty

The Ports Regulator of South Africa has issued a multiyear tariff methodology to govern the National Ports Authority’s (NPA’s) tariff setting process in an attempt to create more regulatory... 

Gold Fields piloting two new mining methods at South Deep

Gold miner Gold Fields would pilot two new mining methods at its South Deep mine, in Gauteng, over the next 12 months, with the potential to enable the mine to reach its envisaged steady-state... 

Atlatsa, unions sign two-year wage deal at Bokoni

Triple-listed Atlatsa Resources on Wednesday announced that it had reached a two-year wage agreement with recognised unions at the Bokoni platinum mine, in Limpopo. The company said that the... 

ARM expecting higher full-year earnings a share

JSE-listed African Rainbow Minerals (ARM) expected its basic and headline earnings a share for the 2014 financial year to be higher than that of the prior corresponding period. ARM pointed out... 

Green Scorpions to embark on sand mining blitz

Environmental management inspectors, also known as the Green Scorpions, from the Department of Environmental Affairs (DEA) and various provincial environmental departments would embark on a... 

R&E posts half-year profit as PwC claim settled

Exploration and mining investment company Randgold & Exploration (R&E) on Tuesday reported headline earnings of R152.27-million for the six-months ended June 30, with the majority of the income... 

Tongo final bulk sample grade 49% higher than previous estimates

The final bulk sample grade at Aim-listed diamond development company Stellar Diamonds’ Tongo kimberlite project, in Sierra Leone, has exceeded 178 carats per hundred tonnes (cpht), a 49% increase... 

Harmony placing shaft on care and maintenance, 2015 guidance at 1.2Moz

Gold miner Harmony Gold on Tuesday announced that it would place its Target 3 operation, in the Free State, which employed 1 500 people, on care and maintenance as the shaft continued to record... 

Berkeley receives enviro nod for Kabwe mine tailings project

Mineral processing company Berkeley Mineral Resources (BMR) on Tuesday reported that the Zambia Environmental Management Agency (Zema) had issued it a written approval for the environmental impact... 

Beacon Hill targets approval of $20m senior debt by Q3

Aim-listed Beacon Hill Resources was prioritising the final approvals for a proposed $20-million in senior debt, to be used to expand its Minas Moatize wash plant, in Mozambique, to 3.2-million... 

Gold Fields sells 51% stake in Peru project to JV partner

Gold major Gold Fields will sell its 51% stake in the Chucapaca gold mine, in Peru, to its joint venture partner in the project Compañía de Minas Buenaventura for $81-million. In addition to the... 

More than 90% of SA seismic events are mining related – professor

More than 90% of South Africa’s seismic events were mining related, University of Pretoria natural hazard centre director Professor Andrzej Kijko said on Monday, noting, however, that this did not... 

Kefi confident of start of Tulu Kapi development in 2015

Gold exploration and development company Kefi Minerals was confident that development of its 75%-owned Tulu Kapi gold project, in Ethiopia, would start in 2015, Kefi MD Jeff Rayner has reiterated.... 

Richland starts refurbishment work on Queensland sapphire plant

Gemstone producer Richland Resources on Monday announced that it had started work on the refurbishment of the plant at its newly acquired sapphire project in Queensland, Australia. The company had... 

African Copper expects improved Q2 ore production at Thakadu

Improved ore production from Aim- and Botswana-listed copper production and exploration company African Copper’s Thakadu openpit copper mine, in Botswana, was expected during the second quarter of... 

Baobab appoints FD

London-listed Baobab Resources on Friday announced the appointment of current CFO and new business manager Frank Eagar as FD and executive of the company. As a business development executive, Eagar... 

Falgold shareholders approve Dalny sale

Aim-listed African Consolidated Resources (AFCR) on Friday announced that New Dawn Mining subsidiary Falcon Gold Zimbabwe’s (Falgold’s) shareholders have approved the sale of the Dalny mine, in...