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JSW sells off 26% of SACMH to black-owned company

By: Creamer Media Reporter      Updated 8 minutes ago Controlling shareholder JSW Energy Natural Resources South Africa has sold 26% of its holdings in South African Coal Mining Holding (SACMH) to black-owned and -controlled Comogen. JSW now had a direct beneficial interest in SACMH of 8.79% and an indirect beneficial interest of 67.25%. 

Study shows 20-yr mine life potential at Sable’s Nimba play

By: Natalie Greve     Updated 8 minutes ago Detailed mine scheduling conducted as part of metallurgical testwork at the Plateau 2 area of Sable Mining Africa’s 205.2-million-ton Nimba iron-ore project, in Guinea, has indicated a life-of-mine of more than 20 years and highlighted the operation’s ability to sustain production of high-quality... 

Zimbabwe misses H1 tax target, mining royalties plunge

By: Reuters     Updated 30 minutes ago Zimbabwe's tax collections were six% below target during the first half of the year while mining royalties and value added tax plunged, reflecting a struggling economy, the tax agency said on Wednesday. The southern African country's economy, where mining contributes around 17% to gross domestic... 

Zimbabwe misses H1 tax target, mining royalties plunge

Thermal coal prices fall amid worries over Chinese demand

By: Reuters     Updated 1 hour 5 minutes ago Physical coal prices in Australia and Europe continued to fall over the past week, pushed lower by concerns over demand in China after a massive rout in the country's stock market. Cargoes for delivery into Europe's main ports at Amsterdam, Rotterdam and Antwerp in August last closed at $57.40 a... 

Platinum prices hit Sylvania’s earnings

By: Natasha Odendaal     Updated 1 hour 6 minutes ago Despite record levels of platinum-ounce production and contained unit costs, low-cost platinum group metals (PGMs) processor and developer Sylvania Platinum on Wednesday said capitulating metal prices had battered its earnings in the fourth quarter of the year. Group earnings before interest,... 

Platinum prices hit Sylvania’s earnings

Wescoal’s Elandspruit delivers first coal

By: Natalie Greve     Updated 1 hour 40 minutes ago Coal producer Wescoal’s Elandspruit mine, in Mpumalanga, has delivered its first batch of coal to customers after it was processed at Wescoal’s nearby beneficiation plant. “The beneficiated product was in line with expectations and sales to customers in the domestic and export markets have... 

Kyrgyzstan launches Taldy-Bulak gold venture with China

By: Reuters     Updated 1 hour 49 minutes ago Kyrgyzstan on Wednesday opened a gold mine at the Taldy-Bulak Levoberezhny deposit, a joint venture with China and so far the second "world-class" gold project with foreign investors. The field, discovered by Soviet geologists, lies in the Taldy-Bulak Gorge in the Tien Shan mountains some 120... 

$750m Dugald River gets the go-ahead

By: Esmarie Swanepoel     Updated 2 hours 15 minutes ago Hong Kong-listed MMG has approved the updated development plan for the Dugald River zinc/lead/silver project, in Queensland, bringing the project on line at a time when global zinc supply is expected to dissipate with the closure of a number of mines. In April this year, MMG flagged that it was... 

$750m Dugald River gets the go-ahead
Photo by Reuters
MMG CEO Andrew Michelmore

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