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Shanta inks $40m loan facility

By: Natasha Odendaal     Updated 22 minutes ago LSE-listed Shanta Gold has secured a $40-million loan facility from the corporate and investment banking division of Investec Bank. The group, through its operating subsidiary Shanta Mining, would use one-half of the funds to refinance an existing bank loan from UK-based FBN Bank, with the... 

Sylvania’s Grasvally mineral resource at 64 900 t

     Updated 27 minutes ago Exploration work on the southern section of platinum processor and developer Sylvania Platinum’s Grasvally chrome project, in South Africa’s Bushveld Complex, has delivered a mineral resource of 64 900 t of high-grade chromite. Of the 64 900 t, 40.70% was chromium oxide (Cr2O3), with a... 

Kenmare, lenders agree to extend budget delivery date

     Updated 32 minutes ago Titanium minerals producer Kenmare Resources has extended the date for delivery of a budget to April 30. The company on Tuesday said its project lenders and banking firm Absa have made “substantial progress” towards agreeing the prinicipal terms of a further financing amendement for the company’s... 

IMF backs Zambia plan to end copper tax rows, warns on deficit

By: Reuters     Updated 34 minutes ago The International Monetary Fund on Tuesday applauded Zambia's efforts to resolve tax issues in its copper mining industry but warned that only further tightening of fiscal and monetary polices would contain the country's large deficits. President Edgar Lungu directed Zambia's finance and mining... 

Lower head grades cut FY output at Blanket mine

     Updated 1 hour 5 minutes ago Production at dual-listed Caledonia Mining’s 49%-owned Blanket mine, in Zimbabwe, decreased to 10 417 oz in the quarter ended December 31, owing to a lower head grade. The mine had produced 11 429 oz in the fourth quarter of 2013. 

Creamer Media publishes Steel 2015: A review of South Africa's steel sector research report

By: Creamer Media Reporter      Updated 1 hour 11 minutes ago Creamer Media’s Steel 2015 report provides an overview of the key developments in the global steel industry and particularly of South Africa’s steel sector over the past year, including details of production and consumption, as well as the country's primary carbon steel and stainless steel... 

Creamer Media publishes Steel 2015: A review of South Africa's steel sector research report

Tax breakthrough at Rio Tinto's Mongolia copper mine -source

By: Reuters     Updated 1 hour 46 minutes ago Rio Tinto and Mongolia have made a breakthrough in a tax dispute that has been among issues stalling development of the $6.5-billion Oyu Tolgoi copper mine, according to an official familiar with the government's position. Disputes over costs and taxes have delayed an expansion of the mine that... 

KIOCL prodded to form alliances to participate in iron-ore auctions

By: Ajoy K Das     Updated 2 hours 6 minutes ago India’s Steel Ministry has proposed that KIOCL, formerly Kudremukh Iron Ore Company Limited, should ally with other government-owned mineral and metal companies to bid for iron-ore resources. According to an official in the Steel Ministry, having been unsuccessful in securing captive iron-ore... 

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Au 1185.31 $/ozChange: -0.49
Pt 1128.00 $/ozChange: -12.50