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India's 2015/16 gold imports seen at 900 t to 1 000 t – refiner

By: Reuters     Updated 12 minutes ago India is likely to import between 900 t and 1 000 t of gold in the 2015/16 financial year that began in April, the head of gold refiner MMTC-PAMP said on Wednesday. India's July imports are expected to be between 70 t and 75 t, and its August imports more than 75 t, said Rajesh Khosla, MD of... 

S Africa's mining sector in trouble, says Patel

By: Reuters     Updated 19 minutes ago South Africa's mining sector is in "trouble" as it struggles with widespread job losses and lower commodity prices, Minister of Economic Development Ebrahim Patel said on Wednesday. President Jacob Zuma's government was due to hold an urgent meeting with mining houses and trade unions later in... 

S Africa's mining sector in trouble, says Patel
Photo by Duane Daws
Economic Development Minister Ebrahim Patel

CoAL secures funds to advance Makhado project

By: Creamer Media Reporter      Updated 28 minutes ago Triple-listed Coal of Africa Limited (CoAL) has entered into subscription and loan agreements with Singapore-registered private investment company Yishun Brightrise Investment PTE, which will see Yishun take a 9.5% equity stake in CoAL for £9.4-million, or about $14.7-million. Under the... 

CoAL secures funds to advance Makhado project
Photo by Duane Daws
CoAL CEO David Brown

Haile stress-tested for low commodity prices – Wilkes

By: Esmarie Swanepoel     Updated 31 minutes ago The low-cost Haile gold project, in South Carolina, would weather a low commodity price environment, dual-listed gold miner OceanaGold said on Wednesday. Speaking on the sidelines of the Diggers & Dealers conference, OceanaGold MD and CEO Mick Wilkes noted that the Haile project had the basic... 

R50m mine design centre opens

By: Martin Creamer     Updated 35 minutes ago The University of Pretoria’s new virtual and augmented reality mine design centre, which is set to revolutionise both surface and underground mine design, was officially opened on Tuesday evening. A total of R50-million has been invested in the centre, which has come out of a highly successful... 

R50m mine design centre opens
Inside the new mine design centre

Panoramic seeks buyers for Gidgee

By: Esmarie Swanepoel     Updated 1 hour 20 minutes ago Nickel-focused Panoramic Resources would undertake a more formal process to sell its Gidgee gold project, MD Peter Harold said on the sidelines of the Diggers & Dealers conference. Panoramic and its joint venture partner Matsa Resources sold the Mt Henry gold project to fellow-listed Metals X in... 

Gold Fields spends big on Oz exploration

By: Esmarie Swanepoel     Updated 2 hours 28 minutes ago Gold miner Gold Fields will continue with its massive exploration spend in Australia over the next three to five years. VP for Australian operations Stuart Mathews on Wednesday said the company would spend between $85-million and $90-million on exploration work during 2015, with spending levels... 

Industry welcomes workplace reform suggestions

By: Esmarie Swanepoel     Updated 3 hours ago The Australian resources sector has welcomed the release of the Productivity Commission’s (PC’s) draft report on Australia’s workplace relations, with the Minerals Council calling for greater debate. The draft report identified a number of deficiencies in the current regime, suggesting reforms of... 

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