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Yukon enviro board resumes review of Casino project

By: Natalie Greve The Yukon Environmental and Socioeconomic Assessment Board (YESAB) has resumed its review of Western Copper and Gold Corporation subsidiary Casino Mining Corporation’s (CMC’s) Casino project, in Canada, after the process was put on hold at CMC's request as part of a settlement agreement with the... 

Excellon moves to buy ‘undervalued’ common shares

By: Natalie Greve The TSX has approved Toronto-listed Excellon Resources’ notice of its intention to make a normal course issuer bid (NCIB), the silver miner said on Friday. Mexico's highest-grade silver producer filed the NCIB programme to allow for the market purchases of its common shares and, pursuant to the... 

$113m to be released to Nautilus next month on completion of State agreement

By: Leandi Kolver Prospective seafloor miner Nautilus Minerals on Friday announced that $113-million that had been placed into escrow in May, would be released to the company on December 11, on the completion of the sale of 15% of its Solwara 1 project, offshore Papua New Guinea, to Eda Kopa (Solwara), which had... 

Codelco output rises, boosted by new mine production

By: Reuters Copper output at world No. 1 copper producer Codelco rose 4% year-on-year in the nine months to end-September, boosted by new mine Ministro Hales, but a continued slide in the price of the base metal ate into profits. The Chilean state-run miner produced 1.23-million tonnes of copper in January... 

Lower capex outlay to shrink Hochschild’s FY2015 output

By: Natalie Greve As part of its ongoing cash flow optimisation programme, Hochschild Mining has targeted further cost efficiencies to reduce operating expenditure and ensure that the company’s mines can deliver profitable ounces in 2015. The group outlined on Friday that it had “optimised” the mine plans of the... 

Lower capex outlay to shrink Hochschild’s FY2015 output

R10bn set aside for Witwatersrand AMD mitigation

By: Leandi Kolver The Department of Water and Sanitation (DWS) has set aside an estimated R10-billion to mitigate acid mine drainage in the Witwatersrand goldfields. In a statement issued following a meeting between Water and Sanitation Minister Nomvula Mokonyane and mining experts on Friday, the DWS said this... 

R10bn set aside for Witwatersrand AMD mitigation

Oakbay lists on JSE

By: Leandi Kolver Investment holding company Oakbay Resources and Energy on Friday listed on the JSE’s main board, becoming the sixteenth company to list this year. The company held a 74% interest in Shiva Uranium, previously Uranium One Africa, which focused primarily on uranium and gold deposits with its main... 

Anglo, Eskom seek ‘mutually beneficial’ New Largo outcome

By: Terence Creamer Anglo American Inyosi Coal and Eskom “are broadly aligned” regarding Eskom’s empowerment imperatives for the New Largo project, Anglo American coal business in South Africa CEO and Anglo American Inyosi Coal chairperson Themba Mkhwanazi reported on Friday. In a statement released by Eskom,... 

Anglo, Eskom seek ‘mutually beneficial’ New Largo outcome
Themba Mkhwanazi


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