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ACID MINE DRAINAGE

Govt lauded for AMD paradigm shift, but detractors insist it hasn’t fully grasped complexity of the issue

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While government is stating that acid mine drainage (AMD) in South Africa is not an insurmountable problem and that the country will certainly win the struggle, industry experts and activists are concerned that the true extent of the challenge has...
18th April 2014
 
 
GOLD

Peru's gold output seen flat or falling again this year

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Gold production in Peru, the world's sixth biggest exporter of the precious metal, will likely either plateau or dip slightly this year compared with 2013, mining companies, analysts and the government said. Gold output will fall by at least 4%...
18th April 2014
 
 
URANIUM

Macusani Yellowcake to acquire Azincourt’s neighbouring Peruvian properties

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Peru-focused uranium explorers Macusani Yellowcake and Azincourt Uranium on Friday announced that they had inked a nonbinding letter of intent under which Macusani could acquire all of Azincourt’s neighbouring uranium properties on the Macusani...
17th April 2014
 
 
MINING MARIJUANA

‘Zombie’ juniors betting high hopes on medical marijuana

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Failing resource juniors look to medical marijuana for a life line. During the last several months a group of entrepreneurial junior mineral explorers have floated the idea of broaching the fledgling medical marijuana industries of Canada and the US, keeping some of their penny stocks afloat amidst a moribund...
17th April 2014
 
 
GRAPHITE

Chinese flake graphite consolidation could alter global supply structure

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China has revealed plans to consolidate operations in the world’s most prolific flake graphite producing region – the Heilongjiang province, where most of the world’s battery raw material comes from – that could significantly alter the...
17th April 2014
 
 
HOSTILE OFFER

Proxy advisory recommends Augusta shareholders vote to keep 'poison pill'

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Conceptual Rosemont operations, Arizona. Global investment research and proxy advisory form Glass Lewis & Co has recommended that shareholders of copper project developer Augusta Resource Corp vote to keep the rights plan in place at the shareholders meeting on May 2. In its report,...
17th April 2014
 
 
MINERAL SANDS

Testwork confirms presence of heavy minerals at Moz play

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Metallurgical testwork at Savannah Resources’ Jangamo mineral sands project, in southern Mozambique, has confirmed the project’s potential to host a “major” heavy minerals system, outlining high-grade zones of heavy minerals with total...
17th April 2014
 
 
RESIGNATION

Wescoal CFO resigns

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JSE-listed Wescoal has announced the resignation of CFO Piet Janse van Rensburg, with effect from June 30. The company said in a statement on Thursday that it would start a process to identify a suitable successor and would notify the market once...
17th April 2014
 
 
IRON-ORE

Tawana says Liberia iron-ore scoping study ‘well advanced’

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ASX-listed Tawana Resources continues to advance a scoping study for its Mofe Creek iron-ore project, in Liberia, investigating the potential of a one-million-to two-million-ton-a-year early start-up project, as well as a potential larger, longer...
17th April 2014
 
 
GOLD

DRDGold appoints chartered accountant to board

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JSE-listed DRDGold has appointed chartered accountant Johan Holtzhausen as an independent nonexecutive director of the company.   Holtzhausen, who held a Bachelor of Science degree from the University of Stellenbosch and a Bachelor of Accounting...
17th April 2014
 
 
 
 
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