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Latest News

Platinum Equity nears deal for Itochu's PrimeSource – sources

By: Reuters     Updated 4 hours ago Private equity firm Platinum Equity is in advanced talks to buy PrimeSource Building Products, the largest distributor of screws and nails in the US, from Itochu Corp, according to people familiar with the matter. A deal will likely value PrimeSource at between $800-million and $900-million, the... 

Mirasol options 75% of Chile gold belt projects to Yamana

By: Henry Lazenby     Updated 4 hours ago Latin America-focused project generator Mirasol Resources has optioned 75% of the Gorbea Belt projects, located in Chile, to Canadian miner Yamana Gold. Under the joint venture agreement, the option would be exercisable in three stages over a seven-year period that would see Yamana act as a... 

LME looking to restore bullion forward curve, eyes broad market restructuring

By: Reuters The London Metal Exchange (LME) has started talking to the main bullion trading banks about reinstating end-of-day gold and silver forward curves, which could be part of a bigger structural change in the precious metals market. A forward curve, which consists of a series of prices reflecting... 

Several miners appoint new senior executives

By: Henry Lazenby Thursday saw a slew of new senior executive appointments by several Canadian mining companies. West Africa-focused True Gold said it had appointed Christian Milau as its new CEO, effective from April 27. The company, which is focused on developing the stalled Karma gold project, in Burkina Faso,... 

Mines begin to reopen in Chile after heavy rains

By: Reuters Chile's Codelco, the world's No 1 copper producer, said on Thursday it is gradually reopening mines in the north of the country that were closed on Wednesday due to heavy rains, but that its Salvador mine remained shuttered. Conditions at Salvador did not yet permit safe operation, and 17... 

Mines begin to reopen in Chile after heavy rains

Communication gap biggest hurdle when paying ex-miners compensation

By: Megan van Wyngaardt Efficient communication with migrant mineworkers in Southern Africa, regarding social security benefits, poses a significant challenge to the Southern Africa Trust (SAT) and the Southern Africa Miners’ Association (Sama), as former mineworkers had insufficient access to information on... 

Wesizwe meets next Bakubung project milestone

By: Anine Vermeulen Platinum development company Wesizwe Platinum this week intersected the secondary upper group two (UG2) reef at the main shaft of its Bakubung mine, on the western limb of the Bushveld Complex, and will send the samples to South Africa’s State-owned Council for Mineral Technology (Mintek) in... 

Electricity-slashing platinum game changer expected by December

By: Martin Creamer The target date is the end of this year for the decision to go ahead with the commercial implementation of a paradigm shift technology that will mine and refine platinum in an integrated on-site process and use only a tenth of the electricity normally consumed. Major detail design work has... 

Electricity-slashing platinum game changer expected by December
Photo by Duane Daws
Arne Frandsen

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