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AEL MD steps down

By: Creamer Media Reporter      Updated 21 minutes ago AECI executive committee member and subsidiary AEL Mining Services MD Schalk Venter has resigned, effective May 15, to pursue another opportunity in industry. Venter, who had served the parent company for 24 years, had been MD since 2012 and had played a leading role in expanding AEL’s... 

Randgold lifts 2014 reserves despite record gold production

By: Natalie Greve     Updated 1 hour 4 minutes ago Notwithstanding a significant depletion from mining in a year that delivered record production of 1.15-million ounces, gold producer Randgold Resources succeeded in increasing its total attributable ore reserves by 0.8% in the 12 months ended December 31, 2014, to 15.2-million ounces. In... 

Randgold lifts 2014 reserves despite record gold production

Chevron’s Caltex exit has no impact on Australian LNG projects

By: Esmarie Swanepoel     Updated 1 hour 46 minutes ago US major Chevron has reiterated that its decision to exit the Australian refining industry would have no impact on its focus to deliver big liquefied natural gas (LNG) projects in Western Australia. Chevron, which sold its 50% stake in refiner Caltex Australia for A$4.7-billion on Friday, stated... 

Hummingbird to start grade control and infill drilling at Yanfolila

By: Natasha Odendaal     Updated 1 hour 49 minutes ago Construction of the Yanfolila gold mine is imminent as Aim-quoted Hummingbird Resources starts grade control and infill drilling at the 1.8-million-ounce Mali-based project. The development and exploration company on Monday said that, following “exceptional” drilling results in October 2014,... 

Ferrex progresses DFS for Togo manganese project

By: Megan van Wyngaardt     Updated 2 hours 3 minutes ago Aim-listed manganese development and iron-ore exploration company Ferrex on Monday reported that the definitive feasibility study (DFS) on its Nayega project, in northern Togo, was nearing completion. The company was now focused on accelerating the start-up model to export 250 000 t/y of... 

WA remains Australia’s top resources destination

By: Esmarie Swanepoel     Updated 2 hours 12 minutes ago More than half of Australia’s mining investment expenditure was invested into Western Australia during 2014, Mines and Petroleum Minister Bill Marmion announced on Monday. The value of Western Australia’s resources sector reached A$114-billion during the full year, eclipsing 2013’s value by... 

Highfield DFS delivers ‘low capex, high margin’ result for Muga mine

By: Esmarie Swanepoel     Updated 2 hours 27 minutes ago A definitive feasibility study (DFS) has confirmed that the Muga potash project, in Spain, was economically feasible, owner Highfield Resources reported on Monday. Based on an ore reserve of 146-million tonnes, at an average grade of 12.73% potassium oxide, the DFS estimated that the project... 

Poseidon takes ownership of Black Swan

By: Esmarie Swanepoel     Updated 2 hours 30 minutes ago Nickel miner Poseidon has taken full operational control of the Black Swan nickel project, in Western Australia, after completing the purchase agreement with major Norilsk Nickel. Poseidon initially planned to use the 2.2-million-tonne Black Swan processing plant to treat the ore from its... 

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