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Management at Areva mine in Niger say strike violates bonus deal

By: Reuters     Updated 1 hour 40 minutes ago French nuclear company Areva's local business in Niger denounced a 72-hour strike at its Cominak uranium mine as a violation of a previous agreement over bonuses. Workers launched the strike on Monday, demanding the full payment of bonuses they say they are owed for reaching financial targets... 

Central Rand Gold to resist wind-up application

By: Martin Creamer     Updated 1 hour 54 minutes ago London- and Johannesburg-listed gold mining company Central Rand Gold (CRG) has engaged legal advisers to defend a wind-up application. The company said in a Stock Exchange News Service announcement on Tuesday that the application by empowerment partner Puno Gold Investments was to wind-up CRG... 

Central Rand Gold to resist wind-up application
Photo by Duane Daws
Former CEO Johan du Toit

Dismissal of R42m claim sends coal company's share price up

By: Martin Creamer     Updated 3 hours ago A R42.5-million claim brought against coal mining company Keaton Mining by opencast mining services company Megacube Mining has been dismissed with costs. The JSE-listed Keaton said in a Stock Exchange News Service announcement on Tuesday that Megacube would also be liable for its failure to... 

Dismissal of R42m claim sends coal company's share price up
Photo by Duane Daws
Mandi Glad

Exploration, mining expected to grow in importance for cement producer PPC

By: Martin Creamer     Updated 5 hours ago The medium-term game plan of African cement producer PPC is to find new resources needed by its operations, which will probably require it to engage in some form of exploration and eventual mining close to where urban development is expected in Africa. Over time, the resources side of the... 

Exploration, mining expected to grow in importance for cement producer PPC
Photo by Duane Daws
Darryll Castle

Centamin posts higher Q1 output, earnings

By: Natasha Odendaal     Updated 6 hours ago Dual-listed Centamin marked a solid start to the new financial year as it delivered higher production and financial improvements in the first quarter. For the three months to March 31, Centamin achieved a 6% quarter-on-quarter and 16% year-on-year increase in gold output, along with an 11%... 

Centamin posts higher Q1 output, earnings

Creamer Media publishes Automotive 2016: A review of South Africa's automotive sector

     Updated 6 hours ago Figures from the National Association of Automobile Manufacturers of South Africa show that 617 749 new vehicles were sold in South Africa in 2015, marking a decline of 4% on the sales recorded in 2014 and representing the second consecutive year of decline for this indicator. In March this year... 

Creamer Media publishes  Automotive 2016: A review of South Africa's automotive sector

Sayona to acquire Canadian lithium project for C$4m

By: Esmarie Swanepoel     Updated 7 hours ago ASX-listed Sayona Mining has inked a binding term sheet with Glen Eagle Resources to acquire Glen Eagle’s Authier lithium project, in Canada, for C$4-million. The company told shareholders on Tuesday about the agreement, which was subject to the completion of a 60-day due diligence. 

Still potential for gold discovery in WA, says Minister

By: Esmarie Swanepoel     Updated 7 hours ago There is still opportunity for significant gold discovery in Western Australia, according to state Mines and Petroleum Minister Sean L’Estrange. He highlighted ASX-listed Gold Road Resources’ recent greenfield discovery at its Gruyere project as the perfect example of the importance of creating... 

Still potential for gold discovery in WA, says Minister

Crater accelerates PNG mine

By: Esmarie Swanepoel     Updated 7 hours ago Junior Crater Gold Mining on Tuesday told shareholders that gold mining at its High Grade Zone mine, at its Crater Mountain project, in Papua New Guinea, would be accelerated with the installation and commissioning of a new custom-made gold processing plant. “This marks an important milestone for... 

Orion sells Eastern Goldfields assets, looks for more buyers

By: Esmarie Swanepoel     Updated 7 hours ago ASX-listed Orion Gold has struck a deal with fellow-listed Eastern Goldfields to divest of its non-core Eastern Goldfields project, in Western Australia. The Eastern Goldfields project comprises a non-contiguous tenement package located in the Eastern Goldfields region, with Orion saying on... 

Venturex to hunt for lithium in WA

By: Esmarie Swanepoel     Updated 7 hours ago Base metals explorer Venturex Resources is weighing the potential for lithium discoveries at its Sulphur Springs tenements in Western Australia, after Canada’s MacArthur Minerals applied for exploration licences nearby to hunt for hard rock lithium mineralisation. Venturex told shareholders on... 

South Africa’s growth out of sync with Africa’s other oil importers

By: Terence Creamer     Updated 7 hours ago While the International Monetary Fund (IMF) expects South Africa’s growth to halve to just 0.6% in 2016, growth in other oil-importing countries across sub-Saharan Africa is projected to remain relatively resilient at 5.2%. Nevertheless, the IMF is forecasting a difficult year for the 45-country... 

South Africa’s growth out of sync with Africa’s other oil importers

Rio's Argyle Violet draws attention

By: Esmarie Swanepoel     Updated 7 hours ago Diversified major Rio Tinto on Tuesday announced the discovery of a 2.83 carat violet diamond recovered from its Argyle mine, in Western Australia. The diamond, dubbed the Argyle Violet, was expected to be the centerpiece of the 2016 Argyle pink diamonds tender, which would start private trade... 

Kogi moves to advance Nigerian iron project

By: Esmarie Swanepoel ASX-listed Kogi Iron is advancing its Agbaja project, in Nigeria, towards development following successful tests conducted to determine the smelting characteristics of the project’s ore. Kogi was hoping to build an initial mining operation alongside a 250 000 t/y steel product processing plant at... 

Gold eyes $1 300 again as weaker dollar, fund inflows support

By: Reuters Gold rose on Tuesday, in another attempt to cross the key $1 300-an-ounce level, as the US dollar extended losses and as assets of the top bullion fund rose to their highest in over two years. Gold has rallied sharply since late last week after the dollar slumped on the Federal Reserve's cautious... 

Western Areas raises SPP cap

By: Esmarie Swanepoel Nickel miner Western Areas on Tuesday increased the cap of its planned share purchase plan (SPP) from A$10-million to A$15-million after applications for the SPP exceeded A$20-million. The SPP formed part of a greater capital raise announced at the end of March this year, under which Western... 

Indian summer takes a toll on coal mining

By: Ajoy K Das A scorching heat wave, which has seen the mercury rise to above 40°C in India over the past few months, aggravated by an acute water shortage across the country, has dealt a blow to most coal mining operations countrywide. In an attempt to cope with the heat wave – which had officially taken the... 

AngloGold halts activities at Savuka shaft following fatalities

AngloGold Ashanti has suspended activities at its Savuka shaft, following the death of two employees on Saturday. The employees were injured in a series of seismic events, the largest of which measured 3.5 on the Richter scale. 

Alcoa strikes power accord to keep Intalco smelter open

By: Henry Lazenby US specialty alloys producer Alcoa has struck an agreement with the Bonneville Power Administration (BPA) that would help improve the competitiveness of its 279 000 t/y Intalco smelter, in Washington state. As a result, the smelter will not close at the end of June, as previously planned by the... 

Kipushi PEA places Ivanhoe’s DRC redevelopment project in league of its own

By: Henry Lazenby Africa-focused project developer Ivanhoe Mines has reported strong operating metrics for the high-grade Kipushi zinc/copper mine, in the Democratic Republic of Congo (DRC), after publishing a new preliminary economic assessment (PEA) Monday. The PEA, conducted by consulting engineering firms... 

Kipushi PEA places Ivanhoe’s DRC redevelopment project in league of its own
Photo by Ivanhoe Mines
Kipushi drilling, DRC

Copper Mountain swings to headline loss as Q1 copper prices, sales drop

By: Henry Lazenby Despite Copper Mountain reporting mine throughput at rates above guidance, it had swung to a first-quarter loss of C$34-million, or C$0.07 a share, as lower copper prices and fewer sales in the period impacted on the company's bottom line. The Vancouver-based company’s financial performance in... 

Aureus kicks debt-repayment can further down the street

By: Henry Lazenby The group of lenders to West Africa-focused project developer Aureus Mining has agreed to extend the first debt repayment of $3.1-million, due under a senior facility, for another month. The payment was initially due on January 31, but was deferred to April 4, April 29 and now to May 31. 

Sulliden signs option to acquire Quebec-based Troilus mine from First Quantum

By: Henry Lazenby TSX-listed Sulliden mining has entered into a two-year option agreement with First Quantum Minerals to earn a 100% interest in the past-producing Troilus mine, located in the Abitibi mining region of Quebec. Under the agreement Sulliden would be required to spend a minimum of $1-million on... 

Antofagasta begins approval process for Los Pelambres mine investment

By: Reuters SAntofogasta Minerals, the Chilean subsidiary of Antofagasta, said on Monday that it was submitting a $1.1-billion investment plan at its Los Pelambres mine to environmental regulators for approval. In a press release, the company said the project would allow Los Pelambres to maintain its annual... 

Transnet implements stringent measures to meet commitments

By: African News Agency Transnet announced on Monday the implementation of a series of governance, control and monitoring measures to ensure the Original Equipment Manufacturers (OEMs) meet the company’s stringent localisation obligations and supplier development commitments. Transnet Group CEO Siyabonga Gama said:... 

Transnet implements stringent measures to meet commitments

SA Civil Aviation Authority lifts SA Express’ suspension

By: African News Agency South African Civil Aviation Authority (SACAA) on Sunday said it had lifted the suspension of SA Express’ Air Operator Certificate (AOC). “This means that the airline may, with immediate effect, resume operating their fleet of 26 aircraft,” said SACAA in a statement. 

SA Civil Aviation Authority lifts SA Express’ suspension

Clinton begins Appalachia tour in Trump-friendly coal country

By: Reuters US Democratic presidential front-runner Hillary Clinton on Monday began a two-day tour through rural, traditionally coal-reliant parts of the eastern Appalachian region, where Republican rival Donald Trump's pro-coal, anti-trade message has resonated with economically distressed voters. Clinton,... 

Clinton begins Appalachia tour in Trump-friendly coal country

Bahrain's Alba cites collapse in aluminium prices as Q1 profit falls 89%

By: Reuters Aluminium Bahrain (Alba), the owner of one of the world's largest aluminium smelters, reported an 88.6% fall in first-quarter net profit on Monday as a result of a collapse in aluminium prices. Alba's net income for the three months to March 31 was 4.2-million dinars ($11.22-million), said Alba... 

Bahrain's Alba cites collapse in aluminium prices as Q1 profit falls 89%

Illegal mining suspects arrested in Springs after shoot-out

By: News24Wire Eight suspected illegal miners were arrested in Springs following a shoot-out with police, the Ekurhuleni metro police department said on Monday. Lt-Col Wilfred Kgasago said that police raided various informal settlements in the Springs area in the early hours of Friday morning following reports... 

Illegal mining suspects arrested in Springs after shoot-out

Cazaly and Lithium Australia join forces in WA

By: Esmarie Swanepoel ASX-listed Cazaly resources and fellow-listed Lithium Australia have agreed to combine their Western Australian assets and jointly hunt for pegmatite minerals, including lithium. The agreement would combine the two companies’ present and future lithium mineral interest within a 100-km radius of... 

Rio rides to Era's rescue

By: Esmarie Swanepoel Uranium miner Energy Resources of Australia (Era) has signed a A$100-million credit facility with parent company Rio Tinto to allow for the rehabilitation of the Ranger project area, in the Northern Territory. The ASX-listed Era told shareholders that at the end of December last year, the... 

Rio rides to Era's rescue

Pantoro gains full control of Nicolsons project

By: Esmarie Swanepoel ASX-listed junior Pantoro, previously known as Pacific Niugini, has reached an agreement with fellow listed Bulletin Resources to acquire the remaining 20% interest in the Halls Creek project, in Western Australia. The Halls Creek project contains the Nicolsons mine, which started operations in... 

Havilah pauses mining at Portia

By: Esmarie Swanepoel ASX-listed junior Havilah Resources on Monday announced that mining at its Portia gold mine, in South Australia, has been temporarily suspended as the contract miner assessed safety concerns. The Portia mine produced its first gold ore in March this year, more than three months ahead of... 

Dakota raises funds for exploration

By: Esmarie Swanepoel Strategic metals explorer Dakota Minerals has raised A$12.3-million through a share placement to accelerate drilling at its Lynas Find lithium project, in Western Australia. The ASX-listed company placed 61.6-million shares, priced at 20c each, to institutional and sophisticated investors to... 

Lerala starts production – Kimberley Diamonds

By: Esmarie Swanepoel Diamond production from the Lerala mine, in Botswana, has started, with owner Kimberley Diamonds targeting first sales in June. The start of processing operations at the Lerala mine followed the start of openpit mining in April this year. 

Ausenco shares surge on possible offer

By: Esmarie Swanepoel The share price of project house Ausenco increased by nearly 12% on Monday after the company became the focus of an unsolicited, indicative and non-binding proposal from shareholder Resource Capital Fund (RCF VI). RCF VI was proposing to privatize Ausenco by way of a scheme of arrangement. 

Metals X reports strong quarter as Aditya takeover advances

By: Esmarie Swanepoel Diversified junior Metals X has reported a quarter of steady production during the three months to March, as it continued to advance its acquisition of fellow-listed Aditya Birla. Gold production during the March quarter reached 47 591 oz, which compared with the 48 134 oz produced in the... 

Eldorado to sell Chinese mine

By: Henry Lazenby Having previously Eldorado stated that it was mulling the sale of its Chinese assets, dual-listed Eldorado Gold this week announced that it would sell its 82% interest in the Jinfeng mine to China National Gold Group, for $300-million in cash. China National Gold had been the company’s minority... 

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