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By: Simon Rees Updated 7 minutes ago The level of new copper output will be unable to plug a supply gap that could develop as early as 2017, Canadian diversified miner Teck Resources’ manager for market research Michael Schwartz told an audience at the Prospectors & Developers Association of Canada 2015 convention. Teck has... →
By: Terence Creamer Updated 3 hours ago The $200-million ‘loop line 1’ project to expand the capacity of the gas pipeline from Mozambique to South Africa has been completed, the Republic of Mozambique Pipeline Investments Company (Rompco) has confirmed. Rompco is the gas transport joint venture set up in 2004 by JSE-listed energy and... →
By: Terence Creamer Updated 3 hours ago French nuclear vendor Areva says its value proposition for South Africa’s proposed new nuclear build programme remains intact, despite far-reaching restructuring initiatives being undertaken at the troubled State-owned company, which reported a €4.8-billion loss for 2014. Areva has announced... →
By: Martin Creamer Updated 3 hours ago Black-controlled coal mining company Exxaro on Thursday confirmed its status as a signatory of a take-or-pay rail contract with the State-owned logistics group Transnet Freight Rail (TFR) for the railing of its coal to the Richards Bay Coal Terminal (RBCT) in KwaZulu-Natal. This follows BHP... →
By: Natalie Greve Updated 5 hours ago JSE-listed Impala Platinum (Implats) has appointed former Cabinet Minister Dr Sydney Mufamadi, former Harmony Gold CEO Bernard Swanepoel and former African Development Bank COO Dr Nkosana Moyo as independent nonexecutive directors, with immediate effect. Mufamadi is a director of the School of... →
Updated 5 hours ago Private mining venture X2 Resources, which was started by former Xstrata CEO Mick Davis, has completed its initial capital raising process, securing a total of $5.6-billion in equity capital to finance the creation of a new midtier diversified mining and metals group. The funding, which the... →
Aim-listed Botswana Diamonds, through its 50:50 joint venture with Russian diamond miner Alrosa, would spend $1-million this year on the exploration of its licence at Orapa, Botswana. The JV partners were aiming to discover major new kimberlites during the year. →
By: Esmarie Swanepoel Diversified supply chain group Noble has increased its shareholding in ASX-listed Xanadu Mines to 9%, after taking up a subscription shortfall in the company’s recent rights issue. Noble took up more than 5.5-million shares, at 12c each, for a total investment of A$665 746. →