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Former Centerra Gold CEO detained in Bulgaria on Kyrgyz corruption claims

By: Henry Lazenby     Updated 1 hour 34 minutes ago A former Centerra Gold president and CEO has been detained by Bulgarian authorities while on a family holiday, apparently at the request of Kyrgyz Republic authorities, the company reported on Monday. The Canadian company distanced itself from Kyrgyz allegations that Leonard Homeniuk, who served... 

Vista Gold fully funded through 2018

By: Henry Lazenby     Updated 1 hour 54 minutes ago Project developer Vista Gold is fully funded through to 2018, focused on preserving funds while biding its time to make a decision to proceed with a feasibility study on its fully owned Mt Todd, gold project, in Australia’s Northern Territory. 

Cameco’s Seitz chosen as potash cartel’s next president, CEO

By: Henry Lazenby     Updated 3 hours ago The world’s dominant potash cartel Canpotex, which sells the products of Canada’s biggest potash miners PotashCorp, Mosaic and Agrium to offshore markets, has appointed Canadian uranium producer Cameco’s senior VP and chief commercial officer Ken Seitz as its new president and CEO, effective from... 

Sinking gold price has changed US mining landscape during H1 – USGS

By: Henry Lazenby     Updated 3 hours ago The sliding gold price has contributed to a significantly changed US gold-mining landscape during the first half of 2015, contributing to a 9% year-on-year decrease in domestic output for the month of April, the US Geological Survey (USGS) said in a new mineral industry survey on the yellow... 

Optimum mine right suspended, penalties may force R1/t coal supply

By: Martin Creamer Financially stricken Optimum Coal has been hit by a double whammy – huge potential penalty claims from State electricity utility Eskom plus a suspension of its mining licence by the Department of Mineral Resources (DMR) for alleged inhumane retrenchment. In the face of these latest setbacks,... 

Optimum mine right suspended, penalties may force R1/t coal supply
Photo by Duane Daws
Clinton Ephron

‘Depressed’ PGM market cycle stalls RBPlat’s Styldrift expansion

By: Natalie Greve Royal Bafokeng Platinum (RBPlat) plans to scale back on construction at its Styldrift 1 expansion project, telling investors on Tuesday that a sustained depression in the platinum group metals (PGMs) market – which is expected to continue over the medium term – was behind the imperative to reduce... 

‘Depressed’ PGM market cycle stalls RBPlat’s Styldrift expansion
Photo by Duane Daws
RBPlat CEO Steve Phiri

Ivanhoe, Zijin extend Kamoa transaction completion date

By: Megan van Wyngaardt TSX-listed Ivanhoe Mines and Zijin Mining Group have extended the completion date for Zijin's planned investment in Ivanhoe's Kamoa copper project, in the Democratic Republic of Congo, to 15 business days after the satisfaction or waiver of all conditions precedent to the transaction have been... 

Palabora operations hit by wave of protests

By: Natasha Odendaal Limpopo-based Palabora Copper on Tuesday confirmed that operations at its copper mine, in Phalaborwa, had been halted since Friday night, as Ba-Phalaborwa community members embarked on violence and intimidation sparked by what the company claimed was propaganda. Corporate affairs manager Hulisani... 


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