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Niko Resources’ stock tumbles after Indian govt announces new gas price

By: Henry Lazenby     Updated 2 minutes ago Calgary-based Niko Resources, which has oil and gas exploration operations across Southeast Asia, on Monday said that it was currently evaluating the impact of the Indian government’s new domestic gas pricing policy on its assets in the country. The company’s TSX-listed stock on Monday fell by... 

Shanta delivers record gold output, hikes New Luika resource

By: Natasha Odendaal     Updated 2 hours 42 minutes ago London-listed Shanta Gold on Monday reported record gold output for the third quarter of the year. The East Africa-focused gold production and exploration company delivered 22 720 oz of gold during the three months to September, up 4% from the 21 940 oz delivered during the second quarter of the... 

Gold Fields on track to reach full-year production target, cost estimates revised downwards

By: Leandi Kolver     Updated 2 hours 50 minutes ago Gold miner Gold Fields on Monday announced that its attributable gold equivalent production for the three months ended September as expected to be about 559 000 oz. All-in sustaining costs (AISC) and all-in costs (AIC) for the third quarter were expected to be about $1 074/oz and $1 096/oz... 

Fraser Alexander appoints interim CEO

By: Chantelle Kotze     Updated 2 hours 58 minutes ago Jaap Nel has stepped down as CEO and as a member of the board of directors of mining solutions company Fraser Alexander, which is a subsidiary of Royal Bafokeng Holdings. His resignation is effective October 13. 

Fraser Alexander appoints interim CEO
Photo by Duane Daws
Fraser Alexander interim CEO Velile Nhlapo

Nordgold completes acquisition of Burkina Faso project

By: Leandi Kolver     Updated 3 hours ago London-listed Nordgold has completed the acquisition of Canadan mineral exploration company Goldrush Resources’ Ronguen gold project, 10 km from Nordgold’s Bissa mine, in Burkina Faso. Nordgold had, in June this year, entered into a share purchase agreement with Goldrush to acquire all the shares... 

Davis Tax Committee mulls ways to 'detect and deter' corporate tax avoidance

By: Terence Creamer     Updated 3 hours ago The revenue implications for South Africa of ‘base erosion and profit shifting’ by corporate taxpayers are firmly in the crosshairs of the Davis Tax Committee (DTC) and Judge Dennis Davis hinted on Monday that recommendations were being considered to “detect and deter” tax-avoiding financial... 

Davis Tax Committee mulls ways to 'detect and deter' corporate tax avoidance
Photo by Duane Daws
Judge Dennis Davis

Tiger closes deal to fully acquire Kipoi copper play

By: Natalie Greve     Updated 3 hours ago ASX-listed Tiger Resources has completed the acquisition of the remaining 40% shareholding in Société d’Exploitation de Kipoi (SEK), the owner of the Kipoi copper project, in the Democratic Republic of Congo (DRC). SEK was now a wholly-owned subsidiary of Tiger, with the deal having followed the... 

Wescoal expects higher H1 earnings, output

By: Natasha Odendaal     Updated 3 hours ago JSE-listed miner Wescoal expects to report higher headline earnings and increased production for the six months to September 30. Headline earnings per share for the first half of the year were expected to rise more than 20% on the prior corresponding period last year. 

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