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Stratmin lifts plant output rates at Madagascar graphite play

By: Natalie Greve London-listed graphite production and exploration company Stratmin Global Resources has successfully completed the second stage of plant optimisation at the Madagascar-based Loharano operation, increasing production rates to up to to 900 kg an hour of refined graphite. The company said on Monday... 

Universal Coal draws on R285m facility

By: Creamer Media Reporter ASX-listed Universal Coal has strengthened its cash position and shifted its project finance debt facilities to more favourable terms following a drawdown of its R285-million Kangala finance facility with Investec Bank. The drawdown, which effectively replaced the previous project finance debt... 

US gold coin sales soar, turnover up twofold in China

By: Martin Creamer Eagle gold bullion coin sales were up fourfold-plus in the US in July and gold volumes up twofold-plus on the Shanghai Gold Exchange, Mitsubishi Corporation International noted on Monday. Last month the US Mint sold 170 000 oz, the highest number of coins in more than two years, government data... 

US gold coin sales soar, turnover up twofold in China
American Eagle gold coins

Armadale targets H1 production start for DRC project

By: Megan van Wyngaardt A review of metallurgical testwork has supported the development of a planned process route for gold recovery at the 678 000 oz Mpokoto gold project, in the Democratic Republic of the Congo, developer Armadale said on Monday. The project would be developed in two phases, with the first phase... 

Zimplats boosts 4E metal output but posts 40% slip in Q4 revenue

By: Natalie Greve After successfully increasing the ore mined across its operations by 19% quarter-on-quarter to 1.48-million tons for the three months ended June 30, platinum miner Zimplats has lifted the production of platinum, palladium, gold and rhodium (4E) metal-in-concentrate by 12%, delivering 119 427 oz... 

Some members of South Africa's NUM union reject wage offer – union source

By: Reuters Some members of South Africa's National Union of Mineworkers (NUM) rejected a pay hike of up to 17% by gold producers, a union source said on Monday, raising the threat of a sector-wide fallout after another union spurned the same offer. Some members of NUM, the biggest union in the gold sector... 

WCP partners review capex, secure water supply agreement

By: Megan van Wyngaardt JSE-listed Firestone Energy is conducting an optimisation study to review its joint venture Waterberg Coal Project’s (WCP’s) capital requirements, to enhance the viability of the four-million-ton-a-year thermal coal project. The WCP partners – Firestone and ASX-listed Waterberg Coal – were... 

Lonmin reports fatality at JV Pandora E3 shaft

By: Creamer Media Reporter A winch driver, who was injured in a scrapping and rigging accident at the Pandora E3 shaft in May, died of his injuries on Friday. Bonisile Mapango had spent the last two months in the intensive care unit of a hospital. 

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