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Andile Sangqu to head Anglo South Africa

By: Martin Creamer     Updated 4 hours ago Andile Sangqu, former Xstrata and current Impala Platinum executive and new VP of the Chamber of Mines of South Africa, has sprung to further prominence as the new executive head of Anglo American South Africa. Anglo American plc also announced on Thursday that Kumba Iron Ore CEO Norman Mbazima... 

Andile Sangqu to head Anglo South Africa
Norman Mbazima (left) and Andile Sangqu

De Beers, six others form Diamond Producers Association

By: Creamer Media Reporter      Updated 6 hours ago De Beers has partnered with six other diamond miners to establish the Diamond Producers Association (DPA), which would actively engage with industry and nonindustry organisations to promote the interests of the diamond sector. The other founding members were Alrosa, Rio Tinto, Dominion Diamond... 

De Beers, six others form Diamond Producers Association

Rockwell moves to close Remhoogte/Holsloot deal

By: Natalie Greve     Updated 6 hours ago South African diamond miner Rockwell Diamonds has completed a “substantial” portion of the conditions precedent for its acquisition of the Remhoogte/Holsloot operations and associated assets, paving the way to close the transaction and assume ownership on June 1. The properties and assets were... 

Portfolio committee asks for clarity on fracking

By: Megan van Wyngaardt     Updated 1 hour 41 minutes ago The Portfolio Committee on Mineral Resources on Thursday said it needed a comprehensive report, as well as insight into the relevant legislation, regarding hydraulic fracturing, or fracking, in South Africa. “This information will empower us to understand all the nitty-gritty aspects that are... 

Portfolio committee asks for clarity on fracking

Perseus receives nod to extend Edikan operations

By: Esmarie Swanepoel     Updated 7 hours ago The Environmental Protection Agency of Ghana has given its approval for ASX- and TSX-listed Perseus Mining to extend mining operations at its Edikan gold mine. Perseus said on Thursday that the approval of the supplementary environmental-impact statement for the Edikan mine would allow the gold... 

Governor of Congo mining hub Katanga warns against tax hikes

By: Reuters     Updated 7 hours ago The powerful governor of Democratic Republic of Congo's Katanga province warned on Wednesday against significant tax hikes in a proposed new mining code amid a recent decline in copper prices. The southeastern province accounts for nearly all of the vast central African state's copper production,... 

BRPs appoint Evraz Highveld CFO, to publish business rescue plan in Aug

By: Megan van Wyngaardt     Updated 11 minutes ago Vertically integrated steel and vanadium slag producer Evraz Highveld Steel and Vanadium’s business rescue practitioners (BRPs) have appointed nonexecutive director Andrew Phillip Maralack acting CFO of the company, with immediate effect. Maralack was a qualified chartered accountant with... 

BRPs appoint Evraz Highveld CFO, to publish business rescue plan in Aug

Namibian mining’s pulling together boosting country’s economy – Nedbank 

By: Martin Creamer Despite the Namibian economy being tied to the South African economy, it has been able to grow ahead of South Africa, which a leading mining investment banker puts down to Namibia’s “sensible” mineral policies, as well as the Namibian mining industry’s close working relationship with its... 

Namibian mining’s pulling together boosting country’s economy – Nedbank
Photo by Duane Daws
Paul Miller

Lucapa to sign earthmoving deal, lists on Frankfurt Stock Exchange

By: Megan van Wyngaardt     Updated 22 minutes ago Dual-listed Lucapa Diamond Company is set to sign a A$4.5-million deal with unnamed partners to source new Caterpillar earthmoving equipment. The company, which on Thursday completed a secondary listing on the Frankfurt Stock Exchange, said the new equipment would enable diamond mining at its... 

S African power plants face 17Mt coal shortfall 

By: Reuters South African power utility Eskom faces a 17-million tonne coal shortfall by 2017 at its coal-fired power plants, a Cabinet Minister said on Wednesday. The shortfall is anticipated in 2015 at Matla, Tutuka and Hendrina power stations and in 2016 at Kriel and Arnot Power Stations, Public... 

S African power plants face 17Mt coal shortfall
Photo by Duane Daws
Kriel power station

Implats terminates Marula disposal process

By: Creamer Media Reporter JSE-listed Impala Platinum (Implats) has decided not to sell its Marula operation, in Limpopo, and plans to improve the performance of the operation instead. The platinum miner announced in February that it would sell Marula, as part of measures to conserve cash. 

Norway oil fund may have to sell out of up to 75 firms due to coal ban

By: Reuters     Updated 1 hour 56 minutes ago Norway's $900-billion wealth fund may have to sell its stakes in up to 75 companies once new rules for limiting coal investments go into effect in a radical shift meant to lessen the impact of climate change, officials said on Thursday. Parliament's finance committee agreed a cross-party deal on... 

India’s SCCL lines up $80m for overseas acquisition

By: Ajoy K Das     Updated 6 hours ago India’s Singareni Collieries Company Limited (SCCL) has set up a corpus of about $80-million to acquire an equity stake in an overseas coal block. The southern India-based miner is seeking to pick up the stake to secure coal supplies of at least five-million tons a year, as part of a plan to ramp... 

India’s SCCL lines up $80m for overseas acquisition

Australia iron ore magnate Rinehart weakened by court ruling

By: Reuters Australian iron-ore magnate Gina Rinehart's eldest daughter won control of the $3-billion dollar family trust on Thursday in a judgment critical of Rinehart's former control of the fund and attempts to block the long-running legal dispute. The Supreme Court of New South Wales judgment loosens... 

Fortescue tie-up with a China steel group makes sense – official

By: Reuters     Updated 6 hours ago Debt-heavy Australian iron ore miner Fortescue Metals Group could find willing investors in Chinese steel mills anxious to ensure multiple sources of supply for the raw material, a senior Chinese government official said on Thursday. Media reports this week said Fortescue - already about... 

Fly-in, fly-out ‘necessary, but overused’ – unions

By: Creamer Media Reporter      Updated 3 hours ago Australian trade unions have raised concern about the widespread use of long-distance commuting forms, such as fly-in, fly-out (Fifo) work practices, and have called on federal and state governments to do more to ensure that mining companies provide workers with a choice about their working and... 

WA acquires land for new deep-water port to service West Pilbara

By: Esmarie Swanepoel The Western Australian government has started the formal acquisition process of land necessary for the proposed Anketell deep-water port project, about 30 km east of Karratha. Premier and State Development Minister Colin Barnett said the acquisition was vital to the development of the port,... 

WA acquires land for new deep-water port to service West Pilbara
Western Australia Premier Colin Barnett

Gold Road hikes Gruyera mineral resource 44%

By: Esmarie Swanepoel     Updated 6 hours ago Junior gold developer Gold Road Resources has reported a 44% increase in mineral resources at its Gruyera mineral deposit, in Western Australia. The deposit was estimated to host 137.81-million tonnes, grading 1.24 g/t gold for 5.51-million ounces of gold. This was a 1.67-million ounce increase... 

Newmont cancels Macmahon contract at NZ mine up for sale

By: Esmarie Swanepoel     Updated 7 hours ago Project house Macmahon Holdings on Thursday announced that its two-year contract with gold miner Newmont at the Martha mine, in New Zealand, had been cut short owing to safety concerns. The contract, which was valued at A$38-million, had initially been scheduled to complete in April next year;... 

ASX clears the way for Phoenix, Evolution transaction to proceed

By: Esmarie Swanepoel     Updated 7 hours ago The way has been cleared for ASX-listed Phoenix Gold to complete a strategic alliance with fellow-listed gold miner Evolution Mining, after the ASX granted a waiver from a listing rule. The agreement will also not be subject to Foreign Investment Review Board approval. 

Resources Watch

By: Creamer Media Reporter This week: The Chamber of Mines reveals its plan to get South Africa’s ‘great mining industry’ back on the front foot. South32 shares rise on thei JSE debut, while BHP Billiton shares fall. And, 3M aims to increase sales to the mining sector. 

Resources Watch

Uranium Energy collects permits for Palangra expansion

By: Henry Lazenby US uranium producer and project developer Uranium Energy Corp (UEC) on Wednesday announced that it had received all required permits to produce uranium from new resource areas at the Palangana in situ recovery (ISR) mine, in Texas, after it had obtained a larger mine permit and aquifer exemption... 

Inca One sees new listings as 'logical step' to expand South American presence

By: Henry Lazenby Canadian mineral processing firm Inca One has started trading on the Santiago Stock Exchange, Venture (SSEV) market, giving it access to the Latin American Integrated Market (MILA), Latin America’s largest stock-trading platform. “Listing on the SSEV and giving Inca One access to the MILA is a... 

Peregrine first junior to join Diamond Bourse of Canada

By: Henry Lazenby Explorer Peregrine Diamonds is the first junior mining company to become a member of the Diamond Bourse of Canada (DBC), joining the ranks of diamond major De Beers Canada, among others. The DBC was a central commodity exchange facility and a network that brought together buyers and sellers and... 

Guyana Goldfields starts commissioning at Aurora gold project

By: Henry Lazenby TSX-listed Guyana Goldfields (GGI) has started commissioning equipment at is Aurora project, saying the project remained on track for the first gold pour by midyear. The project was currently about 85% built, with the focus now being on operational readiness training and commissioning. 

Study finds Certej project a valuable low-cost asset

By: Henry Lazenby A new feasibility study on multinational miner Eldorado Gold’s western Romania-based Certej project has found that the now shovel-ready project is a boon to its low-cost asset base. The company’s subsidiary, Deva Gold, through which Eldorado owned an 80.5% stake in Certej, and an internal team... 

Study finds Certej project a valuable low-cost asset
Photo by Eldorado Gold
The historic Certej openpit, Romania.

African Copper to delist by June

By: Megan van Wyngaardt Zambia Copper Investments subsidiary African Copper on Wednesday said that it would cease to trade ordinary shares on the LSE from June 5, with the AIM-cancellation becoming effective June 8. The embattled company earlier this month reported that it had agreed to unsecured loan facility for... 

Evraz, Sasfin settle dispute

By: Natasha Odendaal Vertically integrated steel and vanadium slag producer Evraz Highveld Steel and Vanadium on Wednesday announced that a dispute with financial services provider Sasfin Bank had been resolved. On Monday, Evraz Highveld said it had launched an urgent High Court application against Sasfin to have the... 

Evraz, Sasfin settle dispute

Nyota to raise funds for exploration at Italian nickel play

By: Natalie Greve Dual-listed Nyota Minerals has announced the conditional placing of 545.4-million new ordinary shares of 0.06p apiece to raise £300 000 for general working capital and to fund the exploration of its nickel and associated base and precious metals project, in the Piemonte region of Italy. The... 

Top iron-ore firms unlikely to form cartel and cut output – Goldman

By: Reuters Major iron-ore miners from Australia and Brazil are unlikely to create a cartel and agree on output cuts to shore up prices, with weakening demand expected to intensify competition, Goldman Sachs said. "Efforts to support prices via voluntary production cuts would be counter-productive. In our... 

Top iron-ore firms unlikely to form cartel and cut output – Goldman

Definition study enhances Unicorn business case, slashes capex – Dart

By: Mariaan Webb A project definition study of the Unicorn molybdenum, copper, silver and zinc project, in Victoria, has significantly improved the project definition and business case, ASX-listed Dart Mining reported on Wednesday. The company started a 15-month study of the project in March last year, following... 

Fortescue insists it pays full share of tax to Australia, downplays Singapore company

By: Mariaan Webb Iron-ore miner Fortescue Metals, which has publicly taken on multinational firms such as Rio Tinto and BHP Billiton over their marketing hubs in Singapore, on Wednesday downplayed the importance of a company it had set up in the low-tax island city state in early 2014. Responding to an article in... 

Ports and railways tasked to help India curb illegal mining

By: Ajoy K Das India’s federal government announced it would involve logistical service providers, including ports and railways, along with provincial governments, in the monitoring of illegal mining activity across the country. Each of the provinces had been directed to set up Coordination and Empowered... 

Underground lab cuts copper analysis turnaround time at Palabora

By: Natalie Greve Analytical chemistry specialists Set Point Laboratories has been awarded a contract to manage and operate a newly established underground laboratory at the Palabora Mining Company in Limpopo, enabling closer monitoring of ore copper concentrations as the operation moves to a new mining level. Set... 

Zambia cuts power as dam level drops on drought 

By: Reuters Africa's second-biggest copper producer Zambia has cut its power generation by 300 MW after water levels in the Kariba dam, a key source of hydropower, dropped following a prolonged drought, its deputy minister of energy said on Tuesday. Charles Zulu said Zambia planned to reduce its hydropower... 

Zambia cuts power as dam level drops on drought

New Metallica chairperson named

By: Creamer Media Reporter Development and exploration company Metallica Minerals has appointed Barry Casson its independent nonexecutive chairperson, with effect from June 30, to succeed long-standing chairperson David Barwick, who is retiring as a director. Casson joined the Metallica board on December 1, 2010, as an... 

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