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Atlatsa’s Bokoni mine achieves new production record

By: Megan van Wyngaardt     Updated 29 minutes ago Triple-listed Atlatsa Resources’ Bokoni mine, in South Africa, produced 194 036 platinum, palladium, gold and rhodium (4E) platinum-group metal (PGM) ounces in the 2014 financial year – a 13.9% increase on the 170 295 oz produced the year before. This was also the mine’s highest production since... 

DoE outlines next nuclear steps as it completes ‘pre-procurement phase’

By: Terence Creamer     Updated 35 minutes ago The Department of Energy (DoE) announced on Tuesday that the pre-procurement phase for South Africa’s proposed roll-out of a nuclear new build programme had been completed, following the latest in a series of workshops with vendor countries and their companies. Consultations had been held with... 

DoE outlines next nuclear steps as it completes ‘pre-procurement phase’
South Africa's only nuclear plant, Koeberg

Ncondezi receives extension from EdM

     Updated 50 minutes ago Aim-listed energy provider Ncondezi Energy has been granted an extension for meeting certain conditions relating to the conditional commercial deal signed between it and Electricidade de Moçambique (EdM) for its 300 MW power plant. Ncondezi was establishing an integrated thermal coal mine and... 

Boje steps down as Wescoal CEO

By: Natasha Odendaal     Updated 1 hour 7 minutes ago JSE-listed Wescoal CEO and director Andre Bojé has resigned, effective April 14, after 18 years at the helm, the company announced on Tuesday. Wescoal appointed Waheed Sulaiman as acting CEO as the board this week starts the process of identifying a successor. 

Unnamed player eyes AngloGold’s Mali mines

By: Natasha Odendaal     Updated 1 hour 17 minutes ago Dual-listed gold miner AngloGold Ashanti on Tuesday said it has received interest from an unnamed company for the buy-out of the gold miner’s stakes in its joint venture (JV) mines in Mali. AngloGold aimed to dispose of its 41% stake in Sadiola and its 40% stake in Yatela – both JV operations... 

Mining BEE ownership to be tested in court – Minister

By: Martin Creamer     Updated 1 hour 27 minutes ago Government, organised mining and organised labour have agreed to work collaboratively to obtain a court ruling on the crucial issue of black economic-empowerment (BEE) ownership of mines, the only sticking point of Tuesday’s Mining Charter deadline. In an interim announcement on the outcome of... 

Mining BEE ownership to be tested in court – Minister
Photo by Duane Daws
Minister Ngoako Ramatlhodi (centre), chamber's Mike Teke (left) and DMR DG Dr Thibedi Ramontja

De Beers starts three-year global sightholder sales contracts

By: Megan van Wyngaardt     Updated 2 hours 22 minutes ago Diamond mining giant De Beers Group on Tuesday initiated the 2015 to 2018 global sightholder sales (GSS) contracts that required customers to provide group accounts in line with International Financial Reporting Standards (IFRS) consolidation standards. The new contract period has been designed... 

Shanta inks $40m loan facility

By: Natasha Odendaal     Updated 4 hours ago LSE-listed Shanta Gold has secured a $40-million loan facility from the corporate and investment banking division of Investec Bank. The group, through its operating subsidiary Shanta Mining, would use one-half of the funds to refinance an existing bank loan from UK-based FBN Bank, with the... 

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