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Flooding in Colombia coal mine killed 12, officials say

By: Reuters     Updated 8 minutes ago Twelve miners were killed in a flooded underground coal mine in northeastern Colombia, the world's fourth-largest exporter of the mineral, local officials and rescue workers said on Friday. Flooding in the mine, located in the Amaga municipality in Antioquia, a region that has been the site of... 

Harmony shuts Kusasalethu after illegal miners cause fire

By: Natasha Odendaal     Updated 1 hour 17 minutes ago Gold miner Harmony Gold has closed its Kusasalethu mine for two weeks, as it takes a stance against the scourge of illegal miners after a fire – the third this month – threatened the safety and health of mineworkers. The fire, believed to have been started on Thursday by illegal miners, had... 

Harmony shuts Kusasalethu after illegal miners cause fire
Photo by Duane Daws
Harmony CEO Graham Briggs

DFS gets under way at WCC’s standalone export project

By: Natasha Odendaal     Updated 1 hour 57 minutes ago A definitive feasibility study (DFS) for the Waterberg Coal Company’s (WCC’s) standalone export project has been commissioned, as discussions for the funding of the project get under way, the ASX- and JSE-listed group announced on Friday. WCC, which was still in talks with State-owned power... 

North River to draw down second tranche of Greenstone funding

By: Natalie Greve     Updated 2 hours 5 minutes ago North River Resources has completed several “key operational objectives” at its flagship Namib lead and silver project in Namibia and has, therefore, satisfied the conditions precedent to draw down the second tranche of equity funds from a $12-million investment agreement with Greenstone... 

Trans Hex readies for across-the-board profit, output gains in H1

By: Natalie Greve     Updated 2 hours 6 minutes ago Trans Hex expects net profit for the six months ended September 30 to swing to R35.8-million, from a loss of R53.9-million in the first six months of the prior year. Similarly, profit after tax from continuing operations would improve, from a loss of R69-million in the prior year’s period, to... 

Gold recoverer Goldplat turning attention to platinum opportunity

By: Martin Creamer     Updated 3 hours 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,... 

Gold recoverer Goldplat turning attention to platinum opportunity
Goldplat COO Hansie van Vreden

Nevsun lifts Q3 copper output

By: Natalie Greve     Updated 3 hours 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 quarter ended September 30. Cash costs at the group’s Bisha mine, in Eritrea, remained relatively flat, at $1.05/lb, while the company realised... 

Wescoal secures R200m funding for Elandspruit colliery

By: Creamer Media Reporter      Updated 6 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. 

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