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Latest News

Silver Wheaton lifts Salobo mine gold stream

By: Henry Lazenby     Updated 10 minutes ago Precious metals streaming firm Silver Wheaton has acquired another 25% stake in the gold output from Vale’s Salobo mine, in Brazil. TSX- and NYSE-listed Silver Wheaton has agreed to pay $900-million in cash for the increased gold stream, lifting its attributable gold output form the mine to 50%. 

Greece revokes approval for Eldorado Gold’s Skouries project

By: Henry Lazenby     Updated 7 hours ago Greece has revoked the approval required by Vancouver-based Eldorado Gold to complete construction of the Skouries project processing plant. The company on Monday announced that its subsidiary Hellas Gold on Friday received the notice from Greece's Ministry of Productive Reconstruction, Energy... 

Indonesia gives Newmont three weeks to strike smelter deal

By: Reuters Newmont Mining's Indonesian copper export permit will not be renewed beyond March 19, unless it strikes a deal with Freeport-McMoRan to invest in the latter's planned smelter, a mines ministry official said on Monday. Southeast Asia's largest economy is in talks with miners over their plans to... 

Kibo raises £950 000 through share placement

By: Natalie Greve Tanzania-focused mineral explorer Kibo Mining has received commitments to a share placing of 19-million new ordinary shares at a placing price of 5p apiece to raise gross proceeds of £950 000. “We are very pleased to undertake this placing, primarily because of the strategic advantage of... 

Year-to date diamond prices soften for Trans Hex

By: Natalie Greve Year-to-date production at diamond producer Trans Hex’s South African operations reached 52 667 ct by the end of January, with 32 450 ct produced in the six months ended September 31 and 20 217 ct produced in the four-month period between October and the end of January. The group’s Somiluana... 

Rukwa feasibility, financial studies map out potential 300 MW power plant

By: Natalie Greve A feasibility study and financial model of Edenville Energy’s proposed Rukwa coal-to-power project, in Western Tanzania, have suggested a two-phase construction period that could see the development of an integrated coal mine and power plant boasting generating capacity of some 300 MW. Under the... 

Turbines boosting mine power – AngloGold

By: Martin Creamer Gold major AngloGold Ashanti is installing turbines in underground mines to boost energy regeneration, as part of a strategy of recovering electricity without spending significant amounts of capital. “What we’ve done is put in energy regeneration and capture plants in the form of turbines at two... 

Turbines boosting mine power – AngloGold
Photo by Creamer Media
Mike O'Hare

Medupi Unit 6 to enter stable operations in 'three months' as sync is confirmed

By: Terence Creamer State-owned electricity utility Eskom announced that first power was produced at 11:03 on Monday March 2, 2015, from Medupi Unit 6, marking a major milestone for the coal-fired power station project, which has been plagued by delays and cost overruns associated with technical and labour problems.... 

Medupi Unit 6 to enter stable operations in 'three months' as sync is confirmed

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