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Canada tops mining-deal volume list in 2014 – EY

By: Henry Lazenby     Updated 6 hours ago Canada was the most prolific buyer of mining and metals assets in terms of volume last year, and a close contender in terms of value. Despite that, overall deals globally continued to decline on both a volume and value basis in the sector compared to 2013, advisory firm Ernst & Young said this... 

Canada gold assets regaining lost luster, helped by soft C$

By: Reuters     Updated 7 hours ago Canadian gold projects once shunned by miners in favour of more alluring opportunities overseas are regaining their sheen, as a weaker currency, new tax breaks and greater security of tenure are wooing miners to return home. In the gold rush during the last decade, Canadian miners had largely... 

Kenya to embark on massive exploration campaign to spur mining investment, economic development

By: Henry Lazenby     Updated 7 hours ago With a new regime in power, Kenya is rearing to embark on a $70-million State-sponsored exploration drive in order to spur mining investment and the inevitable economic development that follows mining progress. Kenya’s first Cabinet Secretary for Mining, Najib Balala, told Mining Weekly Online... 

BSG vows to clear its name after bribery allegations, fight for return of Guinea assets

By: Ilan Solomons     Updated 7 hours ago Iron-ore, diamonds and ferronickel mining company BSG Resources (BSGR) is determined to clear its name and ensure that its assets in Guinea are “returned”, BSGR mining and metals CEO Marc Struik tells Mining Weekly. The two primary court cases in which the company is involved concern mining giant... 

BSG vows to clear its name after bribery allegations, fight for return of Guinea assets
Photo by Duane Daws
MARC STRUIK BSG Resources claims President Alpha Condé and the government of Guinea are guilty of “corrupt practices” and “illegal activities”

Copper faces looming supply gap – Teck Resources

By: Simon Rees The level of new copper output will be unable to plug a supply gap that could develop as early as 2017, Canadian diversified miner Teck Resources’ manager for market research Michael Schwartz told an audience at the Prospectors & Developers Association of Canada 2015 convention. Teck has... 

Copper faces looming supply gap – Teck Resources

Ressano Garcia’s gas-to-power capacity rises to 400 MW as loop-line is completed

By: Terence Creamer The $200-million ‘loop line 1’ project to expand the capacity of the gas pipeline from Mozambique to South Africa has been completed, the Republic of Mozambique Pipeline Investments Company (Rompco) has confirmed. Rompco is the gas transport joint venture set up in 2004 by JSE-listed energy and... 

Ressano Garcia’s gas-to-power capacity rises to 400 MW as loop-line is completed

Areva says SA nuclear ambitions intact despite major restructuring plan

By: Terence Creamer French nuclear vendor Areva says its value proposition for South Africa’s proposed new nuclear build programme remains intact, despite far-reaching restructuring initiatives being undertaken at the troubled State-owned company, which reported a €4.8-billion loss for 2014. Areva has announced... 

Areva says SA nuclear ambitions intact despite major restructuring plan
Photo by Duane Daws
Areva South Africa MD Dr Yves Guenon

Exxaro confirms take-or-pay coal rail contract with Transnet

By: Martin Creamer Black-controlled coal mining company Exxaro on Thursday confirmed its status as a signatory of a take-or-pay rail contract with the State-owned logistics group Transnet Freight Rail (TFR) for the railing of its coal to the Richards Bay Coal Terminal (RBCT) in KwaZulu-Natal. This follows BHP... 

Exxaro confirms take-or-pay coal rail contract with Transnet
Photo by Duane Daws
Mxolisi Mgojo

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