Transnet appoints new group executives

South African State-owned freight logistics group Transnet on Friday announced that it had strengthened its management team through the appointment of three new group executives. Current Transnet... 

Zanaga iron-ore granted mining licence

The Zanaga iron-ore project, in the Republic of Congo (RoC), a joint venture (JV) between Aim-listed Zanaga Iron Ore Company (ZIOC) and diversified miner Glencore, has been granted a mining licence... 

CRG narrows H1 loss as cost reductions mitigate lower head grade

Dual-listed Central Rand Gold (CRG) narrowed its net loss for the six months ended June 30 to $2.84-million, down from $4.87-million during the prior corresponding period. CRG said the loss was... 

Summit to focus on growth, but implementation of decisions seen as key

The Group of 20 (G20) Summit to be held in Australia, in November, will focus on three key areas, namely promoting strong economic growth and employment outcomes by empowering the private sector,... 

Water legislation, policy review likely to yield consolidated framework

The current review of South Africa’s water legislation could result in the second National Water Resource Strategy (NWRS-2), which was gazetted in August 2013, having to be changed before it’s... 

Changes needed to drive water-sector transformation – Mokonyane

Changes had to be made in South Africa’s water and sanitation sector to ensure challenges were resolved effectively, as well as to fast-track the country’s socioeconomic transformation, Water and... 

New W Cape coal handling facility to move 10 000 t/m from road to rail

Coal trader Wescoal Trading, in partnership with Logistics Intelligence (LQ), on Thursday opened a new environment-friendly product storage and distribution centre that would result in 10 000 t/m... 

S Africa June mining output down 5.7%

South Africa’s mining production declined by 5.7% year-on-year in June, Statistics South Africa (Stats SA) revealed on Thursday. Platinum-group metals (PGMs), with a negative growth rate of 37.2%,... 

Centamin declares maiden interim dividend, reports lower Q2 earnings

Egypt-focused gold producer Centamin on Thursday announced that a maiden interim dividend of $0.87 a share would be paid for the six months ended June 30, following the completion of the... 

Village profit rises on back of increased Tau Lekoa production

JSE-listed Village Main Reef on Thursday reported an increase in operating profit from continuing operations to R113-million for the three months ended June 30, up from R49-million during the prior... 

Firestone starts Botswana assets disposal process

Diamond development company Firestone Diamonds has started the disposal process for its Botswana assets. The assets, which would be sold through a competitive disposal process to be managed by... 

Q2 gold demand down 16%, market pulls back from ‘exceptional’ 2013

Global gold demand declined by 16% year-on-year to 964 t during the three months ended June, as the gold market pulled back from the exceptional levels achieved in 2013, the latest World Gold... 

London Mining secures $25m debt facility

Sierra Leone-focused iron-ore explorer London Mining on Wednesday announced that it had entered into a new $25-million debt facility with Standard Chartered Bank and FirstRand Bank that would... 

Ironveld submits tax incentive application to S Africa’s DTI for 15 MW smelter

Pig iron developer Ironveld on Wednesday announced that it had submitted a 12I Tax Allowance Incentive application for its 15 MW smelter, in Limpopo, to the Department of Trade and Industry (DTI).... 

Study indicates significant potential for low operating cost at Mebaga

Aim-listed iron-ore and manganese development company Ferrex on Wednesday announced that a desktop study at its Mebaga direct shipping ore (DSO) iron-ore project in northern Gabon has indicated... 

Bell Equipment reports lower half-year earnings

Heavy equipment manufacturer Bell Equipment on Monday reported a reduced profit of R60.3-million for the six months ended June 30, compared with the R157.1-million generated during the first half... 

Stellar targeting September Baoulé trial mining start

Aim-listed diamond development company Stellar Diamonds’ Baoulé kimberlite diamond project, in Guinea, was on track for commissioning and processing of the first ore in September this year, CE Karl... 

Hummingbird secures $75m financing for Yanfolila development

Gold exploration and development company Hummingbird Resources has reached an agreement with Taurus Mining Finance Fund for a $75-million, two-phase debt facility that would enable the company to... 

Higher synfuels output, exchange rate changes boost Sasol FY profitability

Petrochemicals major Sasol on Monday announced that it expected its headline earnings per share (HEPS) for the year ended June 30 to increase by between 11% and 17%, and its earnings per share... 

Aureus assures New Liberty project on track, says no Ebola impact

Aim- and TSX-listed Aureus Mining on Friday confirmed that there had, to date, not been any reported or suspected cases of Ebola across its operations or anywhere near where the company operated.... 

Basil Read appoints Nicolau as new CEO

Construction, mining, development and engineering group Basil Read has announced the appointment of Neville Nicolau as CEO and executive director of the company as from September 1. Nicolau, a... 

Mwana reports mixed Q1 production results as modifications undertaken

Multicommodity miner Mwana Africa reported mixed production results from its Zimababwe-based operations – Freda Rebecca and Trojan Nickel – during the three months ended June 30 as modifications... 

Mining ceased at Kalsaka/Sega, Amara CEO resigns

Aim-listed west Africa-focused gold mining company Amara Mining on Wednesday announced that mining had been halted at its Kalsaka/Sega gold mine in Burkina Faso, and that the operation would be put... 

African Minerals focusing on cost savings to mitigate low iron-ore price

To mitigate the fall in the iron-ore price, Aim-listed African Minerals continued to focus on cost saving initiatives, actively managing working capital and capturing more of the available revenue... 

MDM awarded support contract for MMG Kinsevere copper project

Minerals process and project management company MDM Engineering has been awarded a contract to provide specific design and detailed engineering support to resources company MMG’s Kinsevere copper... 

Continental Coal to recapitalise balance sheet

South Africa-focused thermal coal producer Continental Coal on Wednesday announced that it had successfully arranged a fully underwritten nonrenounceable pro rata rights issue to raise about... 

Mpande limestone mining licence granted

ASX-listed Zambezi Resources on Tuesday announced that its Mpande limestone project, in Zambia, had been granted a 25-year large-scale mining licence. The granting of the mining licence to Zambezi... 

Avocet Q2 production down 6%, full-year guidance cut

Africa-focused gold miner Avocet on Tuesday reported a 6% decline in gold production to 21 650 oz for the three months ended June 30, as its Inata mine, in Burkina Faso, was limited to processing... 

African Potash starts drilling at Lac Dinga

Aim-listed exploration company African Potash has started drilling the first hole at its Lac Dinga project, in the Republic of Congo. The initial hole, which is planned to a depth of about 500 m... 

Gem Diamonds recovers 198 ct stone

London-listed Gem Diamonds has recovered a 198 ct, white type IIa diamond from its Letšeng mine, in Lesotho, at the end of July. Gem Diamonds said the exceptional white, high-quality diamond... 

Kolomela frees 2Mt of material in record blast

Iron-ore miner Kumba Iron Ore’s Kolomela mine, in Postmasburg, Northern Cape, set a new single blast record on Monday, freeing two-million tonnes of waste material for removal. The miner had set... 

Tawana targeting Mofe Creek pilot by 2015, commercial production in 2016

ASX- and JSE-listed Tawana Resources on Monday revealed it could possibly have a pilot-scale bulk mining and pilot plant at its Mofe Creek project, in Liberia, operational by the start of 2015,... 

Miranda considering alternative options to facilitate Benicon acquisition

Exploration company Miranda Minerals was in discussions regarding alternative options with a view to facilitating its participation in Sentula Mining subsidiary Benicon Coal after the sale of 50%... 

Loulo-Gounkoto making ‘significant’ contribution to Mali economy

Gold mining company Randgold Resources’ Loulo-Gounkoto gold mining complex, in Mali, contributed about 8% of the country’s gross domestic product, demonstrating the importance of the complex to the... 

Kenmare amends Moma financing terms, Absa loan date extended

London-listed Kenmare Resources has amended the terms of the project financing for its Moma mine, in Mozambique, and negotiated an extension of the repayment date of its $20-million loan from Absa,... 

Discussions under way on interoperable smartcards for passenger rail

The Department of Transport (DoT) was engaging with the Passenger Rail Agency of South Africa, the Gautrain Management Agency (GMA) and the Gauteng DoT with regard to implementing a compliant,... 

Govt considering legislation to incentivise municipalities, says Gordhan

The Department of Cooperative Governance and Traditional Affairs (CoGTA) is considering introducing legislation to incentivise positive behaviour among municipalities, Cooperative Governance and... 

ECSA calls on engineers to participate in Universum professionals survey

The Engineering Council of South Africa (ECSA) on Wednesday called on all engineering practitioners to participate in the 2014 Universum professionals survey to be launched on Thursday. ECSA noted... 

SA to be Africa’s ‘biggest construction site’ with plans to deliver 1.5m houses

By the end of the current government’s term of office in 2019, the Department of Human Settlements will have delivered 1.5-million houses, Human Settlements Minister Lindiwe Sisulu stated on... 

Bulk infrastructure key focus of R12.48bn water, sanitation budget

Water and Sanitation Minister Nomvula Mokonyane last month tabled the Department of Water and Sanitation’s (DWS’) R12.48-billion budget for the 2014/15 financial year, stating that the department’s...