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Copper faces looming supply gap – Teck Resources

By: Simon Rees     Updated 1 hour 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... 

Copper faces looming supply gap – Teck Resources

Ressano Garcia’s gas-to-power capacity rises to 400 MW as loop-line is completed

By: Terence Creamer     Updated 4 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... 

Ressano Garcia’s gas-to-power capacity rises to 400 MW as loop-line is completed

Areva says SA nuclear ambitions intact despite major restructuring plan

By: Terence Creamer     Updated 4 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... 

Areva says SA nuclear ambitions intact despite major restructuring plan
Photo by Duane Daws
Areva South Africa MD Dr Yves Guenon

Exxaro confirms take-or-pay coal rail contract with Transnet

By: Martin Creamer     Updated 4 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... 

Exxaro confirms take-or-pay coal rail contract with Transnet
Photo by Duane Daws
Mxolisi Mgojo

Implats appoints political, industry heavyweights to board

By: Natalie Greve     Updated 6 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... 

Mick Davis’s X2 Resources increases capital to $5.6bn

     Updated 6 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... 

Mick Davis’s X2 Resources increases capital to $5.6bn
Mick Davis

Botswana Diamonds to intensify Orapa exploration

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. 

Botswana Diamonds to intensify Orapa exploration

Noble picks up on Xanadu shortfall

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. 

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