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Coal of Africa shares rise on update

By: Martin Creamer     Updated 2 hours 24 minutes ago The shares of triple-listed Coal of Africa Limited (CoAL) rose by more than 3% before noon on Friday following the company’s release of a quarterly update, which recorded a series of financial settlements, environmental go-aheads and project advances. CoAL also announced the issuing of... 

Coal of Africa shares rise on update
Photo by Duane Daws
David Brown

84 mine deaths in 2014

By: Sapa     Updated 2 hours 30 minutes ago Eighty-four miners were killed in South Africa in 2014, Mineral Resources Minister Ngoako Ramatlhodi said on Friday. "The breakdown of fatalities per commodity during the year 2014 is as follows: gold, 44; platinum, 15; coal, nine; and other mines, 16," he told reporters in Pretoria. 

Merafe lifts FY, Q4 ferrochrome output

By: Natalie Greve     Updated 3 hours ago Merafe Resources has lifted attributable ferrochrome production from the Glencore-Merafe chrome venture by 3% year-on-year to 92 000 t in the quarter ended December 31. The company said in a report on Friday that the improved output was the result of the start-up of Project Lion II, which was... 

Sylvania Q2 output slumps after ‘exceptional’ first quarter

By: Natalie Greve     Updated 4 hours ago After what the company describes as an “exceptional” first quarter, production by platinum group metal producer Sylvania Platinum declined to 14 701 oz in the three months ended December 31. The company had reported a sixth consecutive quarter of continuous growth in the prior quarter, lifting... 

Capri appoints investigators to probe KBL breach claims

By: Esmarie Swanepoel     Updated 4 hours ago ASX-listed KBL Mining was again wading through the thicket, this time facing investigators from debt holder Capri Trading for an alleged breach of its general security agreement (GSA). Capri Trading regained a A$12.6-million KBL debt from ASX-listed Kidman Resources earlier this month, which... 

Newcrest boosts 2015 gold, copper guidance

By: Esmarie Swanepoel     Updated 4 hours ago Australian gold major Newcrest Mining on Friday increased its production expectations for the 2015 financial year, as the ramp-up of the Cadia East operation, in New South Wales, continued faster than expected. Newcrest upped its gold production expectations from between 2.2-million and... 

Newcrest boosts 2015 gold, copper guidance

Whitehaven confident of coal’s future despite lacklustre market

By: Esmarie Swanepoel     Updated 4 hours ago Despite the declining coal prices, ASX-listed producer Whitehaven Coal remains upbeat about the company’s prospects for the future. “While not ignoring the current weakness in coal markets, we remain confident that coal has a growing role to play in the world’s future energy requirements and... 

BC Iron back in full swing

By: Esmarie Swanepoel     Updated 4 hours ago Iron-ore producer BC Iron returned to an annual run-rate of six-million tonnes a year during the three months to December, following a troubled September quarter, with the miner on Friday also downgrading its cost expectations for the full year. The Nullagine joint venture (JV), in Western... 

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