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Aquarius posts Q1 profit on back of higher production, lower costs

By: Leandi Kolver     Updated 40 minutes ago Platinum miner Aquarius Platinum on Friday reported a net profit of $5.21-million for the three months ended September 30 compared with a loss of $10.19-million during the prior corresponding period. This increase was driven by a 3% rise in production, 5% higher dollar prices, lower costs and... 

Aquarius posts Q1 profit on back of higher production, lower costs
Aquarius' Everest mine

Russia kicks off South Africa’s ‘nuclear vendor parade’

By: Terence Creamer     Updated 47 minutes ago The Department of Energy (DoE) reported on Thursday night that it had concluded its first “nuclear vendor parade workshop” with a delegation from the Russian Federation and that further meetings were planned with vendor countries such as France, China, South Korea, the US and Japan. The workshop,... 

Russia kicks off South Africa’s ‘nuclear vendor parade’
Rosatom logo

Export earnings to decline in 2014/15, but outlook still positive – BREE

By: Esmarie Swanepoel     Updated 2 hours 34 minutes ago Softer commodity prices would result in a 1.4% decrease to Australia’s mineral and export commodity earnings during 2015, the Bureau of Resources and Energy Economics (BREE) reported on Friday. During 2014/15, mineral and energy commodity export earnings would fall to A$192-billion, compared... 

Export earnings to decline in 2014/15, but outlook still positive – BREE

Mirabela says Q3 production solid

By: Esmarie Swanepoel     Updated 2 hours 43 minutes ago Embattled nickel miner Mirabela Nickel has reported a solid quarter, despite being in administration. Production during the three months to the end of September reached 2 628 t of nickel in concentrate. This compares with 2 767 t produced during the previous quarter. 

Red River raises cash to further Kagara assets

By: Esmarie Swanepoel     Updated 3 hours ago ASX-listed junior Red River Resources has raised A$3.6-million through a share placement to fund project development activities and restart exploration at its Southern Region assets, in Queensland. The company said on Friday that about 20-million shares would be placed, at a price of 18c each,... 

PanTerra investigates other gold opportunities

By: Esmarie Swanepoel     Updated 3 hours ago Gold miner PanTerra Gold on Friday told shareholders that it was reviewing a number of acquisition or merger opportunities, and was currently contemplating five specific mine developments, as its Las Lagunas mine continued to deliver below expectations. An earlier review process had revealed... 

IFC backs Peak's rare earths project

By: Esmarie Swanepoel     Updated 3 hours ago The International Finance Corporation (IFC) has signed on to ASX-listed Peak Resources’ Ngualla rare earths project, in Tanzania, by joining a consortium with Appian Natural Resources Fund. In September, Peak announced that Jersey-based private equity investor Appian had agreed to a total... 

Mining companies Down Under being forced to call in administrators, shed jobs as commodity prices decline

By: Esmarie Swanepoel     Updated 3 hours ago While largely living up to its popular nickname the ‘Lucky Country’ by remaining relatively untouched by the global financial crisis, Australia – and more specifically its resources sector – has not been immune to falling commodity prices. The declining prices of coal and iron-ore, in particular,... 

Mining companies Down Under being forced to call in administrators, shed jobs as commodity prices decline

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