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By: Martin Creamer Updated 1 hour 25 minutes ago A system of providing incremental cashless home loans to migrant mineworkers living in distant areas is being implemented. Teba CEO Dr Graham Herbert, who spoke to Mining Weekly Online in the attached video interview on potential improvements to the much-criticised migrant labour system, says... →
By: Esmarie Swanepoel Updated 2 hours 58 minutes ago Unlisted Piran Resources has produced its first tin concentrate from the Musha and Ntunga mines, in Rwanda. This initial production was sourced from reprocessing of tailings dumps from previous mining operations. →
By: Esmarie Swanepoel Updated 3 hours ago Falling commodity prices have forced the Queensland government to slash nearly a A$1-billion from forecast state revenues for 2014/15. Treasurer Tim Nicholls on Thursday revised the full year revenue from t he previous A$50.1-billion to A$49.1-billion, to reflect the weaker outlook for coal... →
By: Esmarie Swanepoel Updated 3 hours ago The share price of South Africa-focused gold miner Mintails dropped by nearly 22% on Thursday on news that the company was failing to make its production targets. Mintails told shareholders on Thursday that the company’s openpit operational performance had been impacted by the failure of the... →
By: Esmarie Swanepoel Updated 4 hours ago Nickel miner Poseidon Nickel on Thursday extended the expected completion date of the Black Swan operation, from the end of this calendar year until March next year. However, MD and CEO David Singleton said that the extension to the completion deadline would not change Poseidon’s overall... →
By: Esmarie Swanepoel Updated 6 hours ago The gloves have come off in the battle between ASX-listed KBL Mining and its creditor Kidman Resources, with KBL on Thursday launching legal proceedings against Kidman in the New South Wales Supreme Court. Earlier this month, Kidman issued an event of default on a A$12.6-million debt, which was... →
By: Esmarie Swanepoel Updated 6 hours ago Junior miner Crater Gold Mining has started mining at its High Grade Zone (HGZ) project, at the Crater Mountain mine, in Papua New Guinea. The start of mining at Crater Mountain comes in the wake of Crater securing a mining lease, and successfully concluding a compensation agreement with the... →
By: Esmarie Swanepoel Updated 6 hours ago Oil and gas producer Woodside has finalised an agreement with major BP over a farm-in offshore the Scotian basin, in Canada. Woodside on Thursday told shareholders that it would acquire a 20% participating interest in four exploration licenses in the Scotian basin, while BP would remain operator... →