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Africa
 
LEAD

North River lifts Namib resource to 1.25Mt

0 COMMENTS
An extensive underground drilling programme over the last six months at North River Resources’ Namib lead-zinc mine, in Namibia, has increased the project’s Joint Ore Reserve Committee-compliant mineral resource estimate 36% to 1.25-million tons....
19th September 2014
 
 
ENGINEERING SERVICES

ELB Group lifts FY turnover 18%

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Engineering solutions provider ELB Group has reported an 18% increase in turnover for the year, boosting overall income, from R1.9-billion in 2013, to R2.3-billion for the 12 months ended June 30. Describing this as “a satisfactory result, given...
19th September 2014
 
 
RESEARCH & DEVELOPMENT

Failure not option as tech champions push forward through rocky R&D terrain

0 COMMENTS
Only 60% of the gold ore in South Africa’s rich Witwatersrand basin is accessed; 40% is left behind in pillars to protect against seismicity. The mining method then loses a further 25% to 30% of that 60% because blasting breaks the ore into so...
19th September 2014
 
 
IRON-ORE

Miner African Minerals outlines financial recovery plan

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Miner African Minerals plans to increase export volumes and boost revenues by reducing discounts and requiring a premium on some of its iron ore, the company said on Friday, as part of a recovery plan aimed at shoring up its battered finances. The...
19th September 2014
 
 
LEGISLATION

Human rights group sues SEC over delays on resource extraction rule

0 COMMENTS
A human rights organization sued the US Securities and Exchange Commission (SEC) on Thursday, saying the agency is "unlawfully" delaying work on a rule that would require oil, gas and mining companies to disclose payments they make to foreign...
19th September 2014
 
 
GOLD

Mali to boost funding and policing of artisanal gold mining

0 COMMENTS
Mali plans to boost funding opportunities for its artisanal miners and to improve the policing of a sector that produces about a third of the country's gold exports, officials said on Thursday at the start of a mining reform meeting. Artisanal...
19th September 2014
 
 
GOLD

True Gold receives two more Burkina Faso permits

0 COMMENTS
The Burkina Faso Council of Ministers has approved the exploitation permits for TSX-V-listed True Gold’s Kao and Nami deposits, which formed part of the Karma gold project. The company pointed out that the Kao and Nami exploitation permits, which...
19th September 2014
 
 
COPPER/GOLD

Striking employees halt Guelb Moghrein operations

0 COMMENTS
Dual-listed First Quantum Minerals on Thursday temporarily suspended operations at its Guelb Moghrein copper/gold mine, in Mauritania, owing to strike action by some unionised employees. The company indicated that it was seeking a negotiated...
19th September 2014
 
 
GOLD

At least 15 firms seeking to run new London gold benchmark – sources

0 COMMENTS
At least 15 companies have expressed interest in replacing the century-old London gold benchmark, with a new system seen in place by the end of 2014 as banks effectively call time on the current process, two sources familiar with the matter said....
19th September 2014
 
 
COPPER

DML halts Botswana underground development on funding issue

0 COMMENTS
Copper miner Discovery Metals Limited (DML) has placed the development of its Zeta underground mine, at the Boseto copper project, in Botswana, on hold. The miner said this week that a proposed A$25.7-million rights issue, which was announced at...
19th September 2014
 
 
GOLD OUTLOOK

Moderate global economic growth outlook forces miners to keep promises

0 COMMENTS
The most critical challenge miners needed to deal with during the next 12 months was to deliver on their promises of cost savings and regain the confidence of the capital markets, professional services firm KPMG Canada’s mining industry leader Lee...
19th September 2014
 
 
PRECIOUS METALS

Failure not option as tech champions push forward through rocky R&D terrain

0 COMMENTS
Only 60% of the gold ore in South Africa’s rich Witwatersrand Basin is accessed; 40% is left behind in pillars to protect against seismicity. The mining method then loses a further 25% to 30% of that 60% because blasting breaks the ore into so...
19th September 2014
 
 
 
 
 
 
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