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‘Undervalued’ Lemur to buy back shares

By: Natalie Greve     Updated 12 minutes ago Noting that it did not believe its current share price reflected the “strong” underlying cash position and value within the company’s assets, Lemur Resources has outlined plans to implement an on-market buyback for up to 10% of its issued capital over the next 12 months. The Sydney-listed company... 

Portfolio committee to consult steel-, mineworkers on minimum wage

By: Leandi Kolver     Updated 30 minutes ago The Parliamentary Portfolio Committee on Labour would, this week, interact with steel- and mineworkers on the national minimum wage during the second leg of its public hearing process. The first leg of hearings took place in the Western Cape earlier this month where farmworkers and domestic... 

Portfolio committee to consult steel-, mineworkers on minimum wage

First set of Rukwa coal sampling and testwork results positive

By: Leandi Kolver     Updated 31 minutes ago African coal explorer Edenville Energy on Monday announced positive results from the first set of detailed coal sampling and test work at its Rukwa coal project’s Namwele deposit, in western Tanzania, indicating that the deposit had the potential to provide significantly higher quality coal and a... 

Botswana Diamonds to drive exploration amid ‘oligopolistic’ industry

By: Natalie Greve     Updated 42 minutes ago Botswana Diamonds’ focus will remain on discovering new sources of diamonds in the Southern African State despite potentially volatile market prices and an oligopolistic industry dominated by Alrosa, De Beers, Rio Tinto and Dominion Diamonds. Chairperson John Teeling outlined in a preliminary... 

BHP Billiton’s demerging Newco heading for May vote

By: Martin Creamer     Updated 1 hour 21 minutes ago The demerging of a selection of BHP Billiton assets into a separate new company (Newco) was going according to plan and heading for a May vote, Newco CEO-elect Graham Kerr said on Monday. Responding to Mining Weekly Online during question time at a media conference on BHP Billiton selling its... 

BHP Billiton’s demerging Newco heading for May vote
Photo by Duane Daws
Graham Kerr with Lucas Msimanga and Sizwe Khumalo

Botswana still vulnerable to shifts in diamond market – Cutifani

By: Anine Vermeulen     Updated 1 hour 30 minutes ago There had long been a desire to diversify Botswana's economy beyond its dependence on diamond mining and although some progress had been made in achieving this goal, the country remained vulnerable to shifts in the global diamond market, diversified mining major Anglo American CEO Mark Cutifani... 

Botswana still vulnerable to shifts in diamond market – Cutifani
Anglo American CEO Mark Cutifani

Ntsimbintle targeting additional 800 000 t/y project

By: Leandi Kolver     Updated 4 hours ago Broad-based black economic-empowered company Ntsimbintle Mining was targeting the development of a new 800 000 t/y manganese mine, in the central-northern part of the Kalahari basin, in the Northern Cape, Ntsimbintle director Justin Pitt has revealed. Speaking to Mining Weekly Online at a... 

Ntsimbintle targeting additional 800 000 t/y project

Barminco wins mining contract at MMG's Rosebery

By: Esmarie Swanepoel     Updated 5 hours ago Mining contractor Barminco Holdings has won a A$110-million contract from miner MMG to conduct jumbo development services at the Rosebery polymetalllic base metals mine, in Tasmania. The contract would have an initial three-year term but could be extended for a further two years. 

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