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By: Natasha Odendaal Updated 14 minutes ago Gold miner Harmony Gold has closed its Kusasalethu mine for two weeks, as it takes a stance against the scourge of illegal miners after a fire – the third this month – threatened the safety and health of mineworkers. The fire, believed to have been started on Thursday by illegal miners, had... →
By: Natasha Odendaal Updated 54 minutes ago A definitive feasibility study (DFS) for the Waterberg Coal Company’s (WCC’s) standalone export project has been commissioned, as discussions for the funding of the project get under way, the ASX- and JSE-listed group announced on Friday. WCC, which was still in talks with State-owned power... →
By: Natalie Greve Updated 1 hour 2 minutes ago North River Resources has completed several “key operational objectives” at its flagship Namib lead and silver project in Namibia and has, therefore, satisfied the conditions precedent to draw down the second tranche of equity funds from a $12-million investment agreement with Greenstone... →
By: Natalie Greve Updated 1 hour 3 minutes ago Trans Hex expects net profit for the six months ended September 30 to swing to R35.8-million, from a loss of R53.9-million in the first six months of the prior year. Similarly, profit after tax from continuing operations would improve, from a loss of R69-million in the prior year’s period, to... →
By: Martin Creamer Updated 2 hours 1 minute ago Gold recovery company Goldplat, the South African operations of which generated an operating profit in the three months to September 30, is taking steps to diversify into platinum group metal (PGM) recovery. The London-AIM-listed company, which serves companies including AngloGold Ashanti,... →
By: Natalie Greve Updated 2 hours 11 minutes ago Dual-listed Nevsun Resources has posted a 19% quarter-on quarter increase in copper production, delivering 56.4-million pounds of the yellow metal in the quarter ended September 30. Cash costs at the group’s Bisha mine, in Eritrea, remained relatively flat, at $1.05/lb, while the company realised... →
By: Creamer Media Reporter Updated 5 hours ago Coal junior Wescoal has secured R200-million in funding from Investec Bank to be used primarily for the commissioning of its Elandspruit colliery. The financing facility includes a R180-million five-year term loan and a R20-million five-year working capital facility. →
By: Reuters Updated 5 hours ago Botswana's mining production rose 16.7% year-on-year in the first quarter mainly due to the completion of maintenance at the Orapa diamond mine, the first set of industry figures from Statistics Botswana showed on Friday. Diamond output was the biggest contributor to growth in the first quarter,... →