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By: Martin Creamer Updated 20 minutes ago Gold recovery company Goldplat, the South African operations of which generated an operating profit in the three months to September 30, is taking steps to diversify into platinum group metal (PGM) recovery. The London-AIM-listed company, which serves companies including AngloGold Ashanti,... →
By: Natalie Greve Updated 30 minutes ago Dual-listed Nevsun Resources has posted a 19% quarter-on quarter increase in copper production, delivering 56.4-million pounds of the yellow metal in the ended September 30. Cash costs at the group’s Bisha mine, in Eritrea, remained relatively flat, at $1.05/lb, while the company realised an... →
By: Creamer Media Reporter Updated 3 hours ago Coal junior Wescoal has secured R200-million in funding from Investec Bank to be used primarily for the commissioning of its Elandspruit colliery. The financing facility includes a R180-million five-year term loan and a R20-million five-year working capital facility. →
By: Reuters Updated 3 hours ago Botswana's mining production rose 16.7% year-on-year in the first quarter mainly due to the completion of maintenance at the Orapa diamond mine, the first set of industry figures from Statistics Botswana showed on Friday. Diamond output was the biggest contributor to growth in the first quarter,... →
By: Ajoy K Das Updated 5 hours ago Stung by a five-fold rise in gold imports during September, the Indian government has started considering options to tighten inward shipment of the precious metal. According to a government official, the Commerce Ministry has started consultations with various wings of the government, including... →
By: Reuters Updated 5 hours ago Burkina Faso's President Blaise Compaore said on Thursday he would stay in power at the head of a transitional government until after elections, rejecting opposition calls for him to step down immediately following a day of violent protests. The head of the armed forces, General Honore Traore,... →
By: Esmarie Swanepoel Updated 6 hours ago Diversified miner BHP Billiton on Friday said that the company would look at cost-cutting efficiencies at its Olympic Dam copper and uranium operation, in South Australia, before considering an expansion. “Once we are able to run our existing operation at full capacity, we then – and only then –... →
By: Esmarie Swanepoel Updated 6 hours ago The Australia-Africa Mining Industry Group (AAMIG) on Friday defended Australian miners operating outside of the country’s borders, following the introduction of the Australian Greens party’s Corporations Amendment Bill 2014. “Australian companies operating in Africa are regarded as being... →