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True Gold fortifies Karma project team

By: Henry Lazenby     Updated 27 minutes ago Canadian project developer True Gold has reinforced its Burkina Faso-based development and operations team that would be responsible for completing construction of the Karma gold mine, as well as subsequent operations and ongoing community and government relations. The TSX-V-listed company last... 

Oakbay narrows FY losses

By: Natasha Odendaal     Updated 3 hours ago Higher gold production and improved grades in the second half of the 2015 financial year led to JSE-listed Oakbay Resources and Energy narrowing its overall losses for the full year by 84%, while its gross and operating profit swung back into the black. Posting its maiden results since listing on... 

Metmar reports positive FY cash generation, despite challenges

By: Megan van Wyngaardt     Updated 4 hours ago Despite a decline in commodity prices, lower demand and persistent low global economic growth, which resulted in deteriorating trading conditions, bulk commodities trader Metmar still achieved positive cash generation of R18.7-million for the financial year ended February 28. “Sinter tolling and... 

Productivity, modernisation key in gold wage talks

By: Megan van Wyngaardt     Updated 4 hours ago South Africa’s gold mining industry needed to undergo a structural shift and significant modernisation to curb the socioeconomic pressures it was facing and to create a sustainable, uninterrupted operating environment, South Africa’s gold miners have stated. In the latest update from their ‘This... 

Productivity, modernisation key in gold wage talks

Platinum sector faces its Kodak moment in fuel cell technology

By: Reuters     Updated 4 hours ago Platinum miners betting on fuel cell vehicles to help boost demand for the precious metal and lift moribund prices are in danger of having their hopes dashed, at least in the medium term: electric and hybrid cars are taking a bigger share of the market. The world's three largest platinum... 

Health dept, gold industry launch compensation programme

By: Megan van Wyngaardt     Updated 5 hours ago The Department of Health (DoH), along with eight current and historical gold mining companies, on Friday launched their Project Ku-Riha – meaning compensation in Tsonga. The project was aimed at tackling the backlog of compensation claims from mineworkers who suffered occupational lung diseases... 

Rockwell Q4 results impacted by lower grades, sales

By: Megan van Wyngaardt     Updated 5 hours ago Dual-listed Rockwell Diamonds’ fourth-quarter operating performance was negatively impacted by lower grades at its Saxendrift operation, lower volumes at its Niewejaarskraal project and a drop in overall carats sold. “While we achieved revenue growth of 19% to C$17.1-million and our average cash... 

Harmony in talks with unions to slash over 3 000 jobs – NUM

By: Reuters     Updated 6 hours ago South African gold producer Harmony Gold is in talks with unions to cut more than 3 000 jobs at its Doornkop mine, the National Union of Mineworkers said on Friday. Officials at Harmony could not be reached for comment. 

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