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Africa
 
URANIUM

Cameco not likely done with M&A yet, analysts say

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Cameco’s announcement this week that it is paving the way to raise up to $1-billion has sparked speculation the Canadian uranium giant may be preparing for a large takeover. TSO & Associates analyst Terence Ortslan said on Friday there are...
25th May 2012
 
 
POTASH

CP strike threatens Canada's name as reliable potash supplier

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The Canadian Pacific railway strike that started May 23 in Canada could damage the country’s reputation as a reliable potash supplier, a producer of the crop nutrient cautioned on Friday. While the work stoppage at CP, which carries virtually...
25th May 2012
 
 
DIAMONDS

Rockwell turnaround still 'work in progress', says CEO

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Alluvial gem miner Rockwell Diamonds said on Friday the loss of $13.7-million for the 2012 financial year reflected the impact of the strategic decisions that were taken to place the company on solid footing. This formed part of Rockwell’s...
25th May 2012
 
 
PLATINUM

Zimbabwe banks told not to process Zimplats exports

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Zimbabwe's central bank has ordered the country's banks to stop processing mineral exports by Impala Platinum's local unit, which it accuses of failing to comply with an order to bank locally, a state newspaper said on Friday. A spokeswoman for...
25th May 2012
 
 
MINERAL TITLE

Sinchao loses mineral resources at Peru copper-gold project

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For Sinchao Metals Corp, the bad news is that its Peruvian copper-gold project, located 30 km from Newmont Mining’s giant Yanacocha mine, has been stripped of its mineral resources. The good news? The TSX V-listed firm’s imminent merger with...
25th May 2012
 
 
CORPORATE ACTIVITY

Competition Commission approves Blyvoor sale

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The Competition Commission has unconditionally approved the sale of DRDGold’s 74% shareholding in Blyvooruitzicht Gold Mining Company (Blyvoor) to Village Main Reef. JSE-listed mining companies DRDGold and Village, which sent out a joint...
25th May 2012
 
 
COPPE

Anglo gaining ground in Codelco battle

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With the tussle moving out of the courts and into the commercial arena and with Codelco CEO Diego Hernandez suddenly quitting his post in the midst of the ongoing battle, Anglo American CEO Cynthia Carroll appears to have gained significant...
25th May 2012
 
 
CORPORATE ACTIVITY

Minemakers CEO open to ‘all options’ as talks with UCL continue

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The newly appointed CEO of ASX- and TSX-listed Minemakers, Cliff Lawrenson, has told shareholders that he would continue to engage with joint venture (JV) partner UCL to see if a “fair deal” could be agreed upon for the development of the...
25th May 2012
 
 
ZINC

Perkoa proves up for Blackthorn

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Metals developer Blackthorn Resources has reported an 80% increase in the mineral resource at its Perkoa joint venture project, in Burkina Faso. The project’s mineral resource has now increased to 12.17-million tons, at 10.3% zinc and 53.9 g/t...
25th May 2012
 
 
DIAMONDS

Rio's Zimbabwe spin-off covets Murowa diamond mine

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Zimbabwe's RioZim Limited has opened talks with Rio Tinto in a bid to take full control of the Murowa diamond mine as the global mining major seeks to leave the gem business, a key shareholder said on Thursday. Rio Tinto has a 78% stake in...
25th May 2012
 
 
INDUSTRY MEETING

CoM meets with emerging miners

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The president and senior executives of the Chamber of Mines (CoM) met with emerging mining companies on Thursday to identify areas of cooperation in addressing the challenges of the mining industry. CoM president Xolani Mkhwanazi said the meeting...
24th May 2012
 
 
COAL

Rozynenbosch setback weighs on Miranda net asset value

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JSE-listed junior Miranda Minerals said the net asset value of its shares decreased significantly in the six months ended February, owing to the derecognition of group’s the Rozynenbosch asset. When compared with the previously interim results...
24th May 2012
 
 
 
 
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