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Master Drilling sees 32% increase in headline earnings per share

By: Anine Vermeulen     Updated 1 hour 10 minutes ago JSE-listed Master Drilling’s headline earnings a share increased to $0.12 in the year ended December 31, 2014, compared with $0.10 a share the year before. Revenue rose to $132.03-million in the year under review, compared with $119.69-million in 2013. 

DEA requests additional info on proposed KiPower IPP

By: Zandile Mavuso     Updated 1 hour 28 minutes ago The Department of Environmental Affairs (DEA) has requested additional information to the final environmental-impact assessment (EIA) report submitted to it for the proposed construction of the 600 MW coal-fired independent power producer (IPP) plant and associated infrastructure for Kuyasa... 

DEA requests additional info on proposed KiPower IPP

Goldplat reports weighty losses for 2014

By: Megan van Wyngaardt     Updated 1 hour 30 minutes ago Aim-listed gold producer Goldplat has suffered a £377 000 pre-tax loss and an £827 000 operating loss for the six months ended December 31, 2014, owing to the impact of refinery problems at its operations and increased exposure to gold price fluctuations. The Africa-focused miner said that, while... 

Minerals Minister to announce mining charter audit outcomes

By: Martin Creamer     Updated 2 hours 7 minutes ago South Africa’s Mineral Resources Minister Ngoako Ramatlhodi will on Tuesday brief the media on the outcomes of the audit to assess the extent to which mining companies have complied with the Mining Charter in the ten years to 2014. This follows the Minister making in clear last month that the... 

Minerals Minister to announce mining charter audit outcomes
Photo by Duane Daws
Ngoako Ramatlhodi

Mgojo transitioning to Exxaro CEO post as Nkosi begins exit process

By: Martin Creamer     Updated 2 hours 32 minutes ago Mxolisi Mgojo, the executive responsible for carbon operations at the JSE-listed diversified mining company Exxaro Resources, has been appointed to serve as CEO-designate of the black-controlled company as part of a year-long exit process by incumbent CEO Sipho Nkosi, who will retire in March... 

Mgojo transitioning to Exxaro CEO post as Nkosi begins exit process
Photo by Duane Daws
Mxolisi Mgojo

Nevsun restarts Bisha mine following vandalism, repairs

By: Natalie Greve     Updated 2 hours 47 minutes ago Vancouver-based miner Nevsun Resources has successfully restarted the processing plant at its Bisha mine, in Eritrea, following repairs to the ball mill and the tailings thickener during a two-week shutdown. The processing plant had been offline since March 13, when a mechanical issue with the... 

Rockwell sells noncore Tirisano mine for R60m

By: Megan van Wyngaardt     Updated 2 hours 50 minutes ago Dual-listed Rockwell Diamonds has entered into an agreement to sell its noncore Tirisano project, in the North West, to a mining consortium for R60-million. The consortium, comprising royalty miners that have operated the mine for the last two years, would acquire the entire issued share capital,... 

AEL MD steps down, joins Afrox as MD

By: Creamer Media Reporter      Updated 5 hours ago AECI executive committee member and subsidiary AEL Mining Services MD Schalk Venter has resigned to take up a position at Afrox, effective May 18. Venter, who was replacing Brett Kimber, had been MD since 2012 and had played a leading role in expanding AEL’s international footprint and... 

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