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TomaGold and Iamgold revise Quebec properties earn-in agreement

By: Henry Lazenby     Updated 2 minutes ago TSX-V-listed TomaGold and TSX-listed Iamgold on Friday announced that the companies had revised the terms of their agreement dated November 12, 2013, through which Iamgold would acquire a 50% interest in each of the Monster Lake, Winchester and Lac-a-l'Eau-Jaune properties, in Quebec. As a result... 

Russian, Ontario litigation could thwart Centerra’s Kyrgyz restructuring talks

By: Henry Lazenby     Updated 24 minutes ago The outcomes of two ongoing court cases in Russia and Ontario could potentially have a significant impact on the restructuring negotiations between Canadian miner Centerra Gold and the Kyrgyz Republic government over the ownership of the Kumtor gold mine. Centerra’s president and CEO Ian... 

Russian, Ontario litigation could thwart Centerra’s Kyrgyz restructuring talks

Flooding in Colombia coal mine killed 12, officials say

By: Reuters     Updated 3 hours ago Twelve miners were killed in a flooded underground coal mine in northeastern Colombia, the world's fourth-largest exporter of the mineral, local officials and rescue workers said on Friday. Flooding in the mine, located in the Amaga municipality in Antioquia, a region that has been the site of... 

Harmony shuts Kusasalethu after illegal miners cause fire

By: Natasha Odendaal     Updated 4 hours 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... 

Harmony shuts Kusasalethu after illegal miners cause fire
Photo by Duane Daws
Harmony CEO Graham Briggs

DFS gets under way at WCC’s standalone export project

By: Natasha Odendaal     Updated 5 hours 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... 

North River to draw down second tranche of Greenstone funding

By: Natalie Greve     Updated 5 hours 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... 

Trans Hex readies for across-the-board profit, output gains in H1

By: Natalie Greve     Updated 5 hours 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... 

Gold recoverer Goldplat turning attention to platinum opportunity

By: Martin Creamer     Updated 6 hours 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,... 

Gold recoverer Goldplat turning attention to platinum opportunity
Goldplat COO Hansie van Vreden


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