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Latest News

Two bodies found near mine

By: News24Wire      Updated 2 hours 29 minutes ago Security guards at the Aquarius Platinum Mine in Kroondal, assisted by the Rustenburg police, found two bodies with their hands and legs tied from behind in a field outside the mine premises. The guards were chasing suspected copper thieves when they made the grisly discovery. 

Stellar sells more diamonds from Baoulé trial mining

By: Megan van Wyngaardt     Updated 2 hours 46 minutes ago West Africa-focused Stellar Diamonds has sold diamonds valued at $505 000 at a recent auction. The Aim-listed diamond development company on Thursday said this brought the sales from its 75%-owned Baoulé kimberlite pipe, in Guinea, to over $922 000, of which $700 644 were derived from the trial... 

Shanta secures $40m loan

By: Megan van Wyngaardt     Updated 2 hours 53 minutes ago East Africa-focused gold production and exploration company Shanta Gold has secured $40-million in loan facilities from Investec Bank. The company said that its operating subsidiary Shanta Mining Company, would use $20-million of the $40-million loan facilities to refinance an existing bank loan... 

Quick action needed to prevent collapse of global coal sector – Prevost

By: Martin Creamer     Updated 3 hours ago Quick action was needed to prevent the collapse of the global coal sector, XMP Consulting senior coal analyst Xavier Prevost warned on Thursday. Addressing the Fossil Fuel Foundation junior coal mining conference – from which two Department of Mineral Resources (DMR) officials down to speak... 

Quick action needed to prevent collapse of global coal sector – Prevost

BRPs appoint Evraz Highveld CFO, to publish business rescue plan in Aug

By: Megan van Wyngaardt     Updated 3 hours ago Vertically integrated steel and vanadium slag producer Evraz Highveld Steel and Vanadium’s business rescue practitioners (BRPs) have appointed nonexecutive director Andrew Phillip Maralack acting CFO of the company, with immediate effect. Maralack was a qualified chartered accountant with... 

BRPs appoint Evraz Highveld CFO, to publish business rescue plan in Aug

Lucapa to sign earthmoving deal, lists on Frankfurt Stock Exchange

By: Megan van Wyngaardt     Updated 3 hours ago Dual-listed Lucapa Diamond Company is set to sign a A$4.5-million deal with unnamed partners to source new Caterpillar earthmoving equipment. The company, which on Thursday completed a secondary listing on the Frankfurt Stock Exchange, said the new equipment would enable diamond mining at its... 

Portfolio committee asks for clarity on fracking

By: Megan van Wyngaardt     Updated 5 hours ago The Portfolio Committee on Mineral Resources on Thursday said it needed a comprehensive report, as well as insight into the relevant legislation, regarding hydraulic fracturing, or fracking, in South Africa. “This information will empower us to understand all the nitty-gritty aspects that are... 

Portfolio committee asks for clarity on fracking

Norway oil fund may have to sell out of up to 75 firms due to coal ban

By: Reuters     Updated 5 hours ago Norway's $900-billion wealth fund may have to sell its stakes in up to 75 companies once new rules for limiting coal investments go into effect in a radical shift meant to lessen the impact of climate change, officials said on Thursday. Parliament's finance committee agreed a cross-party deal on... 

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