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Wescoal’s Elandspruit delivers first coal

By: Natalie Greve     Updated 16 minutes ago Coal producer Wescoal’s Elandspruit mine, in Mpumalanga, has delivered its first batch of coal to customers after it was processed at Wescoal’s nearby beneficiation plant. “The beneficiated product was in line with expectations and sales to customers in the domestic and export markets have... 

Kyrgyzstan launches Taldy-Bulak gold venture with China

By: Reuters     Updated 25 minutes ago Kyrgyzstan on Wednesday opened a gold mine at the Taldy-Bulak Levoberezhny deposit, a joint venture with China and so far the second "world-class" gold project with foreign investors. The field, discovered by Soviet geologists, lies in the Taldy-Bulak Gorge in the Tien Shan mountains some 120... 

$750m Dugald River gets the go-ahead

By: Esmarie Swanepoel     Updated 51 minutes ago Hong Kong-listed MMG has approved the updated development plan for the Dugald River zinc/lead/silver project, in Queensland, bringing the project on line at a time when global zinc supply was expected to dissipate with the closure of a number of mines. In April this year, MMG flagged that it was... 

Sunbird gets buyout offer from S African power infrastructure firm

By: Esmarie Swanepoel     Updated 52 minutes ago South Africa-focused Sunbird Energy on Wednesday confirmed that it had received a takeover offer from South African power infrastructure company Glendal Power. The company told shareholders that a trading halt had been necessitated on July 27, after the company received an indicative nonbinding... 

Sunbird gets buyout offer from S African power infrastructure firm

Southern Gold considering bigger Cannon mine

By: Esmarie Swanepoel     Updated 1 hour ago ASX-listed Southern Gold is considering the development a larger project at its Cannon gold mine, in Western Australia, after project partner Metals X spent some A$4.5-million on an adjacent smaller project. Southern Gold told shareholders that the Georges Reward acquisition had placed the Cannon... 

Mincor beats FY output target

By: Esmarie Swanepoel     Updated 1 hour 9 minutes ago Australian nickel miner Mincor has exceeded its production target of 8 500 t, producing 8 632 t of nickel-in-ore during the financial year ended June 30. For the quarter ended June, nickel sales reached 1 468 t, compared with the 1 651 t sold in the previous quarter, as the Mariners mine, in... 

DeGrussa delivers on copper production target

By: Esmarie Swanepoel     Updated 1 hour 10 minutes ago Copper and gold miner Sandfire Resources has exceeded its production expectations for the fourth quarter ended June, with the miner producing some 18 637 t of copper and 9 499 oz of gold. Copper production exceeded the expected 17 000 t forecast at the end of the March quarter, and was also above... 

Beach to cut back on capital spend in 2016

By: Esmarie Swanepoel     Updated 1 hour 21 minutes ago ASX-listed Beach Energy has lowered both its capital spend and production expectations for the 2016 financial year, as low oil prices impacted the company’s bottom-line. Beach on Wednesday said the 2016 capital expenditure (capex) programme had been prepared under the assumption of a continuing... 


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