Mariaan Webb

Shanta Gold awarded mining licence in Tanzania

Tanzania has granted Shanta Gold a mining licence for its Chunya project, paving the way for the construction of the mine to start later this year. Shanta reported that the licence allowed for construction work to start as soon as the detailed...

Wesizwe says Rogers step down as director

Mike Rogers has resigned as a nonexecutive director of Wesizwe Platinum, the JSE-listed company reported on Friday. Rogers stepped down following a conflict of interests resulting from his appointment to a company with similar interests to Wesizwe.

Shanta clears final enviro hurdle for Tanzania gold project

London-listed Shanta Gold has met the final environmental hurdle in obtaining a mining licence for its Chunya gold project in Tanzania, where construction is scheduled to start before the end of the year. The company has been granting an...

Pan African issues revised FY trading statement

Junior miner Pan African Resources has revised its full-year earnings forecast calculated in pounds, after a lower-than-expected exchange rate and after achieving higher-than-forecast gold sales at the end of June. Earnings a share denominated in...

Resources Watch

South African miner Gold Fields wants a 20% profit margin irrespective of the gold price; AngloGold Ashanti is studying projects worth $2-billion in South Africa; And, diversified miner Exxaro is exploring iron-ore options on three continents.

Tawana agrees to sell ‘noncore' Kareevlei Wes project

Exploration company Tawana Resources has signed a binding agreement to sell its Kareevlei Wes diamond project, in South Africa, for R25-million to Rolatseng Mining, it said on Wednesday. Kareevlei Wes was not considered a core asset, Tawana said...

Aveng fined R21,9m for mining roof bolts cartel

JSE-listed Aveng has agreed to pay a R21,9-million fine, after admitting that its Duraset unit participated in a mining roof bolts cartel. The penalty represents 5% of the 2008 turnover of Duraset, which admitted to collusive tendering and...

Aveng says Aquarius withdraws R963m damages claim

Midtier miner Aquarius Platinum has withdrawn a R963-million damages claim against Aveng and the MD of its contract mining unit Moolmans, the engineering and construction group said on Friday. However, Aveng said that its counterclaims against...

Higher metal prices give Angloplat's earnings a lift

The world's leading platinum-miner Anglo Platinum's interim earnings could rise by as much as 15% on the back of higher metal prices in the first six months of the year. Earnings a share for the half-year ended June 30 were expected to be between...

Ramaphosa joins Lonmin board as Shanduka takes control of Incwala

South African business magnate Cyril Ramaphosa joined the board of platinum-miner Lonmin as a nonexecutive director on Tuesday, after Shanduka Resources took majority control of Incwala Resources. Ramaphosa's Shanduka now owned 50,03% of Lonmin's...