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Africa
 
OIL & GAS

Oil and gas legislative certainty expected soon – SA Minister

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Oil and gas players in South Africa should have clarity on potential legislation changes by as early as next week, Mineral Resource Minister Ngoako Ramatlhodi said on Wednesday. Speaking to Mining Weekly Online on the sidelines of Paydirt’s...
3rd September 2014
 
 
DIVERSIFIED MINING

Ramatlhodi pushes for larger BEE participation in BHP spin-off

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Mineral Resource Minister Ngoako Ramatlhod The South African government is hoping to negotiate greater black economic empowerment (BEE) participation in the BHP Billiton spin-off company, which will host many South African mining assets. Mineral Resource Minister Ngoako Ramatlhodi said on...
3rd September 2014
 
 
GOLD

Resolute starts feasibility work at Bibiani

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Gold miner Resolute Mining would spend between A$10-million and A$15-million on a feasibility study at its recently acquired Bibiani gold project, in Ghana, during the next year, CEO Peter Sullivan said. Speaking to Mining Weekly Online at the...
3rd September 2014
 
 
IRON-ORE

Sundance secures A$40m investment, not worried about iron-ore pricing

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The dismally low iron-ore price was proving no hindrance to ASX-listed Sundance Resources’ Mbalam-Nabeba project, which crosses the border between the Republics of Cameroon and Congo. “I don’t really care what the iron-ore price is,” Sundance MD...
3rd September 2014
 
 
CAPITAL RAISING

African projects need holistic financing approach - Nedbank

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The financing of African resource projects should be approached holistically, with both equity and other forms of financing needed to be raised concurrently, financier Nedbank Capital said. Addressing the first day of the Paydirt Africa Downunder...
3rd September 2014
 
 
DIVERSIFIED MINERS

Anglo American shares up on media report that CEO would be open to bids

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Mark Cutifani Shares in global miner Anglo American rose almost 3% on Tuesday after Dow Jones reported that the company chief executive said he was open to a takeover approach. Anglo American CEO Mark Cutifani has flagged cost-cutting measures and asset sales...
3rd September 2014
 
 
IRON-ORE

Lacklustre Chinese demand drives iron-ore prices to 5-year low

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Benchmark iron-ore prices, which had fallen by more than one-third since the start of the year, last week breached the $90/t level and continued to spiral lower to 86.2/t on Monday, as a supply glut faces reduced demand growth from the commodity’s...
2nd September 2014
 
 
LEGISLATIVE ENVIRONMENT

Mining’s legal framework replete with problems – Hulme Scholes Video Available

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Mining lawyer Hulme Scholes The legal framework for the South African mining industry is replete with problems, mining law expert Hulme Scholes outlined on Tuesday. Speaking at a client and media presentation organised by reputation management company Magna Carta, the main...
2nd September 2014
 
 
GOLD

Kibo says near-term gold production possible from Imweru, mulls sale

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A full internal review of historic exploration data from mineral asset explorer and developer Kibo Mining’s flagship Imweru project, in Tanzania, has confirmed the potential viability of early gold production. The review had demonstrated that...
2nd September 2014
 
 
DIVERSISIFED MINERS

Petmin likely to maintain FY headline earnings despite impairments

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JSE-listed diversified miner Petmin said on Monday that, following a strong operational performance at the Somkhele coal mine – with revenue in excess of R1-billion for the first time and anthracite production exceeding one-million tons – it...
2nd September 2014
 
 
CONTRACT MINING & MATERIALS HANDLING

Troubled contract mining division eats into Eqstra profit

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Walter Hill Eqstra’s Contract Mining and Plant Rental division served as a heavy drag on the company’s results for the year ended June 30, released on Tuesday. Group revenue increased by 9.8%, to R10-billion, compared with the previous financial year, while...
2nd September 2014
 
 
GOLD

Q4 recovery unable to salvage DRDGold’s Ergo-dented FY showing

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Despite a welcome but somewhat unforeseen production recovery by DRDGold in the fourth quarter of its 2014 financial year, the tailings retreatment specialist was unable to fully recover from the effect of the April shutdown of its Ergo processing...
2nd September 2014
 
 
 
 
 
 
Africa Multimedia
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Mining’s legal framework replete with problems... Video
Implats defers production target, reviews... Video
The Missing Piece: Solving South Africa's... Video
Transnet, Eskom coal boost for black-controlled... Video
Gold Fields piloting two new mining methods at... Video
More than 90% of SA seismic events are mining... Video
AMCU knocking on door at Northam’s Zondereinde... Video
Northam Platinum’s earnings nosedive,... Video
Sibanye negotiating new work shift arrangements... Video
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Underground coal gasification has key... Audio
Anooraq focusing on doubling output... Audio
Tanzania's Jengo wants mine listings... Audio
Wits Gold plans to move De Bron into... Audio
London Mining expects iron-ore prices... Audio
Kebble R1bn unlocked as... Audio
Geovic confident on Cameroon cobalt... Audio
GFMS predicts new gold highs in 2010,... Audio
IFC wants to get in early on... Audio