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Wescoal secures R200m funding for Elandspruit colliery

By: Creamer Media Reporter      Updated 1 hour 58 minutes 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. 

Wescoal secures R200m funding for Elandspruit colliery

Botswana mining output jumps 16.7% year-on-year in Q1

By: Reuters     Updated 2 hours 1 minute ago Botswana's mining production rose 16.7% year-on-year in the first quarter mainly due to the completion of maintenance at the Orapa diamond mine, the first set of industry figures from Statistics Botswana showed on Friday. Diamond output was the biggest contributor to growth in the first quarter,... 

India mulls fresh curbs on gold imports after spurt in shipments

By: Ajoy K Das     Updated 3 hours ago Stung by a five-fold rise in gold imports during September, the Indian government has started considering options to tighten inward shipment of the precious metal. According to a government official, the Commerce Ministry has started consultations with various wings of the government, including... 

Burkina president rejects opposition calls to step down after violence

By: Reuters     Updated 3 hours ago Burkina Faso's President Blaise Compaore said on Thursday he would stay in power at the head of a transitional government until after elections, rejecting opposition calls for him to step down immediately following a day of violent protests. The head of the armed forces, General Honore Traore,... 

Burkina president rejects opposition calls to step down after violence

Olympic Dam growth only likely when ‘bottlenecked’ mine runs at full capacity

By: Esmarie Swanepoel     Updated 4 hours ago Diversified miner BHP Billiton on Friday said that the company would look at cost-cutting efficiencies at its Olympic Dam copper and uranium operation, in South Australia, before considering an expansion. “Once we are able to run our existing operation at full capacity, we then – and only then –... 

Olympic Dam growth only likely when ‘bottlenecked’ mine runs at full capacity
The Olympic Dam copper and uranium operation, in South Australia.

New legislation to force Australian firms to publish what they pay

By: Esmarie Swanepoel     Updated 4 hours ago The Australia-Africa Mining Industry Group (AAMIG) on Friday defended Australian miners operating outside of the country’s borders, following the introduction of the Australian Greens party’s Corporations Amendment Bill 2014. “Australian companies operating in Africa are regarded as being... 

Biswas outlines plan to fix Newcrest’s Lihir gold mine

By: Esmarie Swanepoel     Updated 4 hours ago The CEO and MD of gold miner Newcrest Mining, Sandeep Biswas, on Friday outlined plans to bring the errant Lihir operation, in Papua New Guinea, under control. “I’ve spent a lot of time understanding the challenges of Lihir and have come to the conclusion that the first phase of improvement must... 

South American miner Troy reports lower output

By: Esmarie Swanepoel     Updated 4 hours ago Despite reporting a slight decline in production during the three months to September, ASX- and TSX-listed gold miner Troy Resources has maintained its production expectations for the financial year to the end of June 2015. During the quarter under review, group gold production dropped to 20 624... 

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