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Mine Restoration Investments names new FD

By: Natalie Greve     Updated 2 hours 11 minutes ago Mine Restoration Investments (MRI) has appointed FD Anthon Meyer as nonexecutive director and named former Jubilee Platinum group financial manager Carl-Heinz Gernandt as his successor. Gernandt, whose appointment would be effective from December 1, previously held directorship, financial... 

Lemur advances triple-edged strategy, awaits Imaloto IPP licence

By: Natalie Greve     Updated 2 hours 38 minutes ago ASX-listed Lemur Resources continued to advance its three-ponged growth strategy by developing its planned flagship Imaloto coal mine, in Madagascar, exploiting its cash balance to acquire additional assets and leveraging its geoservices equipment and geological capabilities in Africa to earn... 

APLNG still on track for mid-2015 production

By: Esmarie Swanepoel     Updated 3 hours ago The $24.7-billion Australia Pacific liquefied natural gas (APLNG) was on track to produce its first LNG by mid-2015, project developer Origin Energy’s LNG CEO, David Baldwin, said on Thursday. Full production from both trains were expected by the end of 2016. 

Compliance costing Australian firms A$250bn/y

By: Esmarie Swanepoel     Updated 3 hours ago Australian companies were spending about A$250-billion each year on efforts to comply with rules and regulations, advisory firm Deloitte reported on Thursday. In its fourth edition of the Building the Lucky Country series, Deloitte noted that about A$95-billion was spent on administering and... 

Compliance costing Australian firms A$250bn/y

Lace mine development bruised, but not halted by AMCU strike

By: Natalie Greve     Updated 3 hours ago Development work and tailings retreatment activities at Southern African diamond developer and explorer DiamondCorp’s Lace diamond mine, in the Free State, is continuing despite a protected strike by members of the Association of Mineworkers and Construction Union (AMCU), which is nearing the end... 

Lace mine development bruised, but not halted by AMCU strike
Lace mine

Hazelwood targets lower costs, new opportunities in four-part plan

By: Esmarie Swanepoel     Updated 4 hours ago Tungsten miner Hazelwood Resources is initiating a four-part change management plan aimed at driving down cost and providing a pipeline of further growth opportunities. Executive chairperson Mark Warren said in a letter to shareholders on Thursday that the first focus would be on improving the... 

PanAust expects to hit upper-end of 2014 guidance

By: Esmarie Swanepoel     Updated 4 hours ago Copper/gold miner PanAust on Thursday told shareholders that the company was on track to meet its full-year production guidance, after reporting a solid quarter in the three months to September. During the quarter under review, the Phu Kham mine, in Laos, produced 16 562 t of copper in... 

Accelerated underground development to save OceanaGold A$215m

By: Esmarie Swanepoel     Updated 4 hours ago Dual-listed gold miner OceanaGold on Thursday estimated cost savings of about A$215-million between 2018 and 2020 from its Didipio project, in the Philippines, by bringing forward underground production. In September, ASX- and TSX-listed OceanaGold announced that the underground development of... 

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