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Feasibility study finds Eldorado Gold’s Certej project a valuable low-cost asset

By: Henry Lazenby     Updated 2 hours 13 minutes ago A new feasibility study on multinational miner Eldorado Gold’s western Romania-based Certej project has found that the now shovel-ready project was a boon to its low-cost asset base. The company’s subsidiary, Deva Gold, through which Eldorado owned an 80.5% stake in Certej, and an internal team... 

ZCI to delist by June

By: Megan van Wyngaardt     Updated 2 hours 32 minutes ago Zambia Copper Investments subsidiary African Copper on Wednesday said that it would cease to trade ordinary shares on the LSE from June 5, with the AIM-cancellation becoming effective June 8. The embattled company earlier this month reported that it had agreed to unsecured loan facility for... 

Evraz, Sasfin settle dispute

By: Natasha Odendaal     Updated 3 hours ago Vertically integrated steel and vanadium slag producer Evraz Highveld Steel and Vanadium on Wednesday announced that a dispute with financial services provider Sasfin Bank had been resolved. On Monday, Evraz Highveld said it had launched an urgent High Court application against Sasfin to have the... 

Evraz, Sasfin settle dispute

Namibian mining’s pulling together boosting country’s economy – Nedbank

By: Martin Creamer     Updated 3 hours ago Despite the Namibian economy being tied to the South African economy, it has been able to grow ahead of South Africa, which a leading mining investment banker puts down to Namibia’s “sensible” mineral policies, as well as the Namibian mining industry’s close working relationship with its... 

Namibian mining’s pulling together boosting country’s economy – Nedbank
Photo by Duane Daws
Paul Miller

S African power plants face 17Mt coal shortfall

By: Reuters     Updated 3 hours ago South African power utility Eskom faces a 17-million tonne coal shortfall by 2017 at its coal-fired power plants, a Cabinet Minister said on Wednesday. The shortfall is anticipated in 2015 at Matla, Tutuka and Hendrina power stations and in 2016 at Kriel and Arnot Power Stations, Public... 

S African power plants face 17Mt coal shortfall
Photo by Duane Daws
Kriel power station

Implats terminates Marula disposal process

By: Creamer Media Reporter      Updated 4 hours ago JSE-listed Impala Platinum (Implats) has decided not to sell its Marula operation, in Limpopo, and plans to improve the performance of the operation instead. The platinum miner announced in February that it would sell Marula, as part of measures to conserve cash. 

Nyota to raise funds for exploration at Italian nickel play

By: Natalie Greve     Updated 6 hours ago Dual-listed Nyota Minerals has announced the conditional placing of 545.4-million new ordinary shares of 0.06p apiece to raise £300 000 for general working capital and to fund the exploration of its nickel and associated base and precious metals project, in the Piemonte region of Italy. The... 

Top iron-ore firms unlikely to form cartel and cut output - Goldman

By: Reuters     Updated 7 hours ago Major iron-ore miners from Australia and Brazil are unlikely to create a cartel and agree on output cuts to shore up prices, with weakening demand expected to intensify competition, Goldman Sachs said. "Efforts to support prices via voluntary production cuts would be counter-productive. In our... 

Top iron-ore firms unlikely to form cartel and cut output - Goldman

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