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Universal Coal expects significantly higher earnings

By: Creamer Media Reporter      Updated 1 hour 8 minutes ago ASX-listed Universal Coal said on Tuesday it expected to report significantly higher earnings half-year earnings, owing to improved operational performance and higher demand and sales volumes from its main customer. The company, which owns thermal coal assets in the Witbank coalfield of South... 

New fleet arrives to scale up Lucapa’s diamond operations in Angola

By: Creamer Media Reporter      Updated 1 hour 23 minutes ago The first new earthmoving equipment has arrived at Lucapa Diamond Company’s Lulo concession, in Angola. The new fleet, sourced from Caterpillar dealer Barloworld Equipment in Luanda, would enable Lucapa and its partners to double alluvial diamond mining operations at Lulo to 20 000 bulk cubic... 

Kidman eyes September quarter start at new WA gold mine

By: Creamer Media Reporter      Updated 1 hour 37 minutes ago ASX-listed Kidman Resources remained “firmly on track” to achieve its objective of starting gold production at the recently acquired Burbanks mine, in Western Australia, in the September quarter, the company reported on Tuesday. The Burbanks mining centre has historical production of 366 340 oz... 

Newcrest starts Chillagoe exploration programme

By: Creamer Media Reporter      Updated 1 hour 47 minutes ago Gold major Newcrest Mining has started exploration work at junior Mungana’s Chillagoe project, in Queensland, as part of an agreement to search for large gold/copper porphyry deposits. Under the agreement, which was announced in May, Newcrest will spend up to A$20-million on exploration over an... 

Australia cuts 2015 iron-ore price forecast by 10%

By: Reuters     Updated 2 hours 20 minutes ago Australia on Tuesday cut its price forecast for iron-ore in 2015 by 10% to $54.40/t, citing a weak outlook for the commodity's main market, China's steel sector. The forecast by the Department of Industry and Science is a sharp decrease from the $60.40/t predicted three months ago and is way off... 

Australia cuts 2015 iron-ore price forecast by 10%

Urgent govt, business cooperation needed to end South Africa’s crisis – Turok

By: Martin Creamer The time had come for government and business to find ways and means of working together to end South Africa’s current economic stagflation crisis, United Nations Commission for Africa (UNCA) mineral value chain lead consultant, anti-apartheid struggle veteran and former African National Congress... 

Urgent govt, business cooperation needed to end South Africa’s crisis – Turok
ANC MP Ben Turok

Gold miners bring new offer to the table

By: Natasha Odendaal South Africa’s gold mining companies on Monday tabled a five-year offer that would see their employees benefit from an upside in the industry, with some fringe benefits to alleviate employee indebtedness and improve housing. Gold companies AngloGold Ashanti, Evander Gold Mines, Harmony Gold,... 

Minemakers appoints joint advisers

By: Tracy Hancock To ensure that interested parties in Australia, Asia, the US and the UK are fully aware of developments at Minemakers, the junior mining company has engaged Foster Stockbroking and EAS Advisors on a nonexclusive basis to act jointly as its marketing and corporate advisers. The joint appointment... 

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