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

By: Esmarie Swanepoel     Updated 40 minutes 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 43 minutes 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 46 minutes 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... 

Troy on track for full year

By: Esmarie Swanepoel     Updated 48 minutes 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 full-year production expectations. During the quarter under review, group gold production dropped to 20 624 oz, compared with the 23 057 oz... 

Fatality does little to dampen Vantage growth

By: Esmarie Swanepoel     Updated 49 minutes ago Despite a fatality at the Barbrook mine, in South Africa, which resulted in a week’s loss of production, gold miner Vantage Goldfields has reported in increase in production during the three months to September. Gold production during the quarter reached 8 466, which was well above the 6 913 oz... 

Teranga revises full-year output

By: Esmarie Swanepoel     Updated 52 minutes ago Senegal-focused gold miner Teranga Gold has downgraded its full-year production expectations by 8 000 oz, after deferring the mining of high-grad ounces and after failing to meet production expectations in the three months to September. The ASX- and TSX-listed miner on Friday reported that gold... 

Didipio set to exceed expectations - OceanaGold

By: Esmarie Swanepoel     Updated 54 minutes ago Dual-listed gold miner OceanaGold on Friday reported that its Didipio project, in the Philippines, was on track to beat full-year expectations, after a stellar third quarter. During the three months to September, the company produced 67 352 oz of gold and 7 978 t of copper, compared with the 60... 

Valence short-lists debt funders

By: Esmarie Swanepoel     Updated 55 minutes ago Graphite miner and manufacturer Valence Industries has short-listed term sheets from a number of debt providers for a A$35-million finance facility to fund the Phase 2 expansion of its operations in South Australia. The short-listing of debt financiers followed a A$15-million capital raise and... 

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