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Lower costs, higher sales lift Endeavour’s Q2 profit

By: Henry Lazenby     Updated 1 hour 10 minutes ago West Africa-focused gold producer Endeavour Mining has increased its second-quarter profit on the back of sharply lower costs and record output, despite a lower average realised price for the yellow metal. The Vancouver-based company with four operating gold mines in Côte d’Ivoire, Ghana, Mali... 

‘Fair’ steel pricing model will cap good-times upside, offer bad-times collar

By: Terence Creamer     Updated 2 hours 40 minutes ago Embattled South African steel producer ArcelorMittal South Africa (AMSA) has offered insight into the “fair pricing model” it has tabled before government in return for tariff protection and a government stipulation that locally manufactured steel be designated for used public infrastructure... 

‘Fair’ steel pricing model will cap good-times upside, offer bad-times collar

Nevsun lowers 2015 guidance

By: Natasha Odendaal     Updated 2 hours 52 minutes ago TSX- and NYSE-listed Nevsun Resources on Friday revised its 2015 production guidance downwards to 140-million to 150-million pounds of copper owing to unplanned plant stoppages during the first half of the year. Output from the Vancouver-headquartered firm’s Bisha mine, in Eritrea, had been hit... 

Mining boom bolsters explosives, chemicals markets – research firm

By: Megan van Wyngaardt     Updated 3 hours ago The rapid growth of Africa’s mining industry, and particularly in Central Africa, is being mirrored in the mining explosives and chemicals market, research firm Frost & Sullivan reports. Through new analysis, the firm has found that almost 65% of major and minor mining firms in the region... 

SocGen says miners' output costs have dropped more than expected

By: Reuters     Updated 3 hours ago Miners' output costs have dropped more than industry consensus due to lower energy prices and weak emerging market currencies, a report by Societe Generale showed, suggesting metals prices have further to fall before miners are forced out of business. The prices of many metals are still around... 

Gold miners expect feedback on final wage offer by next week

By: Megan van Wyngaardt     Updated 3 hours ago Representative unions in the gold mining industry – the Associations of Mineworkers and Construction Union, the National Union of Mineworkers, Solidarity and UASA – are expected to revert back to the Chamber of Mines (CoM) in the next week, on whether their members accept gold producers’ final... 

Gold miners expect feedback on final wage offer by next week

Peak Resources sees bright future for Tanzania magnet metals project

By: Chanel de Bruyn     Updated 4 hours ago A focus on high-value rare earths and the use of a tailor-made beneficiation process bodes well for Tanzania-focused Peak Resources. The ASX-listed company is developing the Ngualla rare earths project, which contains high-grade neodymium and praseodymium mineralisation. 

Peak Resources sees bright future for Tanzania magnet metals project

Mashile-Nkosi chosen as business leader of the year

By: Natasha Odendaal     Updated 4 hours ago Kalagadi Manganese executive chairperson Daphne Mashile-Nkosi has been recognised for her business acumen and ability to execute successful business strategies. She was this week bestowed the 2015 Africa Female Business Leader of the Year Award and a special commendation award by Pan-African... 


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