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Avocet draws down on loan facility to continue business review

By: Megan van Wyngaardt     Updated 19 minutes ago Aim-listed Avocet Mining has drawn down further funds under the third Elliott loan facility of about $2.4-million, agreed with Manchester Securities, an affiliate of the company's largest shareholder Elliott Management Corporation. The funds would be used to meet Avocet’s corporate requirements... 

Evolution not averse to buying more assets

By: Esmarie Swanepoel     Updated 59 minutes ago Australia’s second-largest gold miner Evolution Mining will continue to evaluate potential acquisitions in Australia, with executive chairperson Jake Klein saying that the company could also potentially look at opportunities outside Australia. The gold miner recently wrapped up a $550-million buy... 

Turner & Townsend diversification strategy delivers R7.2bn turnover

By: Megan van Wyngaardt     Updated 1 hour 11 minutes ago Global programme management and construction consultancy Turner & Townsend increased its turnover for the financial year to April 30, to R7.2-billion, with turnover in Africa up 3% to more than R290-million. The R7.2-billion was up 11% on the R6.8-billion achieved in the prior year. 

Turner & Townsend diversification strategy delivers R7.2bn turnover

SouthGobi CFO resigns, successor to be announced

By: Sashnee Moodley     Updated 1 hour 35 minutes ago Mongolia-focused coal miner SouthGobi Resources CFO Bertrand Troiano has resigned following a two-year secondment from mining giant Rio Tinto, which ended on July  

Harmony reports Kusasalethu fatality

By: Creamer Media Reporter      Updated 1 hour 37 minutes ago An employee was fatally injured in a rail bound accident at Harmony Gold’s Kusasalethu mine, near Carletonville, on Monday. Harmony on Tuesday said investigations into the accident were under way, with all tramming operations on the level where the accident occurred having been stopped. Harmony’s... 

Merafe H1 earnings slump

By: Natasha Odendaal     Updated 1 hour 40 minutes ago JSE-listed Merafe Resources on Tuesday posted a 12% rise in revenue to R2.2-billion as ferrochrome sales delivered a double-digit increase to 191 000 t during the first half of 2015. However, Merafe’s earnings before interest, taxes, depreciation and amortisation (Ebitda) from its Glencore–Merafe... 

African Potash signs three-year deal with Comesa

By: Megan van Wyngaardt     Updated 1 hour 58 minutes ago To create a vertical platform for the mining, production and distribution of fertiliser in the Common Market for Eastern and Southern Africa (Comesa) region, Aim-listed African Potash and Mask Africa Crowd Farm Fund (MACFF) have entered into a three-year trading agreement with Comesa. Under the... 

Codelco's Ministro Hales mine halted as protesters occupy site

By: Reuters     Updated 2 hours 11 minutes ago Chile State copper producer Codelco said it had suspended operations at its Ministro Hales mine, in northern Chile, after the complex was seized by striking contract workers. Contract workers affiliated with the Confederation of Copper Workers, or CTC, have been on strike across Codelco's... 


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