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SouthGobi CFO resigns, successor to be announced

By: Sashnee Moodley     Updated 18 minutes ago Mongolia-focused coal miner SouthGobi Resources CFO Bertrand Troiano has resigned following a two-year secondment from mining giant Rio Tinto, which ended on July  

Harmony reports Kusasalethu fatality

By: Creamer Media Reporter      Updated 20 minutes ago An employee was fatally injured in a rail bound accident at Harmony Gold’s Kusasalethu mine, near Carletonville, on Monday. Harmony on Tuesday said investigations into the accident were under way, with all tramming operations on the level where the accident occurred having been stopped. Harmony’s... 

Merafe H1 earnings slump

By: Natasha Odendaal     Updated 23 minutes ago JSE-listed Merafe Resources on Tuesday posted a 12% rise in revenue to R2.2-billion as ferrochrome sales delivered a double-digit increase to 191 000 t during the first half of 2015. However, Merafe’s earnings before interest, taxes, depreciation and amortisation (Ebitda) from its Glencore–Merafe... 

African Potash signs three-year deal with Comesa

By: Megan van Wyngaardt     Updated 41 minutes ago To create a vertical platform for the mining, production and distribution of fertiliser in the Common Market for Eastern and Southern Africa (Comesa) region, Aim-listed African Potash and Mask Africa Crowd Farm Fund (MACFF) have entered into a three-year trading agreement with Comesa. Under the... 

Codelco's Ministro Hales mine halted as protesters occupy site

By: Reuters     Updated 54 minutes ago Chile State copper producer Codelco said it had suspended operations at its Ministro Hales mine, in northern Chile, after the complex was seized by striking contract workers. Contract workers affiliated with the Confederation of Copper Workers, or CTC, have been on strike across Codelco's... 

Alpha Natural files for bankruptcy

By: Reuters     Updated 1 hour 4 minutes ago Alpha Natural Resources Inc, one of the largest US coal companies, became the latest in the hard-hit industry to seek bankruptcy on Monday. The move comes as President Barack Obama is expected to unveil tough new measures to cut greenhouse gas emissions from coal-fired power plants. 

Alpha Natural files for bankruptcy
Photo by Reuters
Us President Barack Obama

Doray starts work at Deflector

By: Esmarie Swanepoel     Updated 1 hour 8 minutes ago ASX-listed gold miner Doray Minerals has started site work at the Deflector copper/gold project, in the Murchison region. The Deflector project was acquired as part of a takeover offer of Mutiny Gold earlier this year, and by May, the Doray board had approved the development of the project. 

Gabriel still committed to Roşia Montană despite arbitration

By: Tracy Hancock     Updated 1 hour 9 minutes ago TSX-listed Gabriel Resources remained committed to the construction and operation of a world-class mine at Roşia Montană, in Romania, noted Gabriel president and CEO Jonathan Henry on Monday. The Canadian resource company, which had been focused on permitting and developing the gold and silver... 

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