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Stellar looking to further Tongo development

By: Megan van Wyngaardt     Updated 1 minute ago Aim-listed Stellar Diamonds has started an application process for a mining mining licence at its 100%-owned, 1.45-million-carat Tongo Dyke-1 kimberlite project, in eastern Sierra Leone. The company would need to invest $20-million in capital expenditure (capex) to bring the mine into production... 

Nayega resource rises to 14Mt – Ferrex

     Updated 29 minutes ago Aim-listed manganese and iron-ore developer Ferrex on Wednesday reported that its Nayega manganese project’s resource has increased to 14-million tons at 12.4% manganese. The company said this was a significant milestone for the mine, in northern Togo, which the company was developing into a 250... 

Village buy-out by Chinese suitors given CompCom go-ahead

By: Natasha Odendaal     Updated 31 minutes ago The Competition Commission has unconditionally approved Chinese venture capital, private equity and private wealth management firm Heaven-Sent’s acquisition of JSE-listed Village Main Reef. Heaven-Sent in February made an exclusive firm offer to acquire embattled Village for R12.25 a share, with... 

Azure cashed up for exploration - MD

By: Esmarie Swanepoel     Updated 1 hour 51 minutes ago Despite having a busy exploration schedule at its Mexico projects in 2015, ASX-listed junior Azure Minerals would have no need to tap capital markets, MD Tony Rovira said this week. Speaking to Mining Weekly Online, Rovira noted that a March share purchase plan had resulted in about... 

Implats surges ahead with platinum fuel cell power

By: Martin Creamer     Updated 2 hours 9 minutes ago Impala Platinum (Implats) CEO Terence Goodlace is championing the marketing of platinum by surging ahead with plans to use platinum fuel cells to produce electricity at the Implats platinum refinery in Springs, on Gauteng’s East Rand. JSE-listed Implats, which is heavily supported by the strong... 

Implats surges ahead with platinum fuel cell power
Photo by Duane Daws
Terence Goodlace

Productivity Commission cautions against gas reservation policies

By: Esmarie Swanepoel     Updated 3 hours ago The Australian Petroleum Production & Exploration Association (Appea) has called for the withdrawal of market interventions such as domestic gas reservation policies, after the Productivity Commission released a report stating that such measures were unlikely to be effective or efficient in the... 

Productivity Commission cautions against gas reservation policies

Triton soars on $2bn offtake deal

By: Esmarie Swanepoel     Updated 3 hours ago The share price of graphite hopeful Triton Minerals soared by nearly 65% on Wednesday, as the company announced that it had signed a binding offtake agreement worth $2-billion. Under the terms of an agreement inked with China’s Yichang Xincheng Graphite Company, Triton would supply 100 000 t/y... 

Sandfire moves to restructure debt

By: Esmarie Swanepoel     Updated 3 hours ago Copper/gold miner Sandfire Resources has amended the repayment schedule for its DeGrussa project finance facility with financier ANZ Banking Corporation. Following a A$5-million repayment at the end of March this year, the current balance of the DeGrussa project facility would reduce to... 

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