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Premier's i-80 spinout raises C$88.4m
25th February 2021 By: Creamer Media Reporter

Toronto-listed Premier Gold subsidiary i-80 Gold has entered into an agreement to raise C$88.4-mllion in a private placement. Premier will spin-out i-80 to shareholders upon the completion of a... 


Hudbay refinances bonds
23rd February 2021 By: Creamer Media Reporter

Diversified miner Hudbay Minerals on Monday announced that it was offering $600-million aggregate principal amount of senior notes. The proceeds would be used to refinance all its outstanding... 


Province inches into hydrogen
17th February 2021 By: Esmarie Iannucci

Junior explorer Province Resources has struck an agreement to potentially acquire seven exploration licenses in Western Australia that are prospective for salt, potash and mineral sands, and could... 


Pan African more than doubles cash, reduces debt
Pan African more than doubles cash, reduces debt
16th February 2021 By: Donna Slater

Midtier gold producer Pan African Resources increased its net cash generated from operations by 178.2%, to $28.1-million in the six months ended December 31, 2020. The miner also managed to reduce... 


R10bn Eskom-Nersa settlement opens way for 15.63% hike on April 1
R10bn Eskom-Nersa settlement opens way for 15.63% hike on April 1
16th February 2021 By: Terence Creamer

The National Energy Regulator of South Africa (Nersa) and Eskom have reached an agreement to add R10-billion to Eskom’s allowable revenue in 2021/22, to be recovered through the tariff, pending the... 


Santos warns of bigger impairment
16th February 2021 By: Esmarie Iannucci

Oil and gas major Santos has warned of further impairments of some $139-million for its 2020 financial results, in addition to the $756-million of expected impairments due to lower oil price... 


ICONIC BUILDING REFURBISHMENT
The project is centred around a 120-year-old heritage building, which needs to be preserved
Heritage building facelift under way
12th February 2021 By: Darren Parker

Construction contractor Icon Group is conducting bulk earthworks and demolitions in the Johannesburg central business district as part of a construction project aimed at developing a new Title... 


A Trio cone crusher installed at D’Gal LLC’s crushing operation in the Middle East
Exciting year ahead for Weir Minerals in Africa and Middle East
11th February 2021

Weir Minerals Africa is focused on partnering with customers to drive efficiencies using its proven technology-driven solutions, with a strong sustainability vision for the modern mining, minerals... 


Tsodilo concludes second tranche of private placement
11th February 2021 By: Marleny Arnoldi

TSX-listed Tsodilo Resources has closed the second and final tranche of its private placement financing for gross proceeds of $150 000. The company issued 300 000 shares at a price of C$0.50... 


Implats expects to report up to 338% increase in interim headline earnings
9th February 2021 By: Simone Liedtke

Platinum group metals (PGMs) miner Impala Platinum (Implats) expects to report an increase of between 318% and 338% in headline earnings to between R14.1-billion and R14.7-billion, for the six... 


PTM enters into equity distribution agreement with BMO Capital Markets
8th February 2021 By: Donna Slater

TSX- and NYSE-listed platinum group metals miner Platinum Group Metals (PTM) has entered into an equity distribution agreement with financial services provider BMO Capital Markets Corporation,... 


29 construction-sector bodies unite under one umbrella
5th February 2021 By: Irma Venter

South Africa’s construction industry has united to form a single umbrella body, Construction Alliance South Africa (CASA), which is made up of 29 professional, contractor, supplier and other bodies... 


Exciting year ahead for Weir Minerals in Africa and Middle East
4th February 2021 By: Creamer Media Reporter

Weir Minerals Africa is focused on partnering with customers to drive efficiencies using its proven technology-driven solutions.   According to Grant Ramsden, Regional Managing Director of Weir... 


State backs Woodside/NWS plans
29th January 2021 By: Esmarie Iannucci

Oil and gas major Woodside and the North West Shelf (NWS) project participants have struck an agreement with the Western Australian government that would enable the supply of feed gas from Pluto... 


Wiluna production remains steady
29th January 2021 By: Esmarie Iannucci

Junior gold miner Wiluna Mining has reported a steady production for the three months to December. Gold production in the December quarter reached 13 398 oz, consistent with the 13 360 oz... 


Gold exploration remains steady with moderate growth
29th January 2021 By: Donna Slater

Amid falling exploration budgets across nearly all commodities, gold exploration remained steady in 2020, posting a 1% increase over 2019. Exploration was buoyed by stronger gold prices during the... 


Altus reports 'excellent' gold recoveries at Mali project
27th January 2021 By: Tasneem Bulbulia

Mining royalty company Altus Strategies says it has recorded excellent gold recoveries from preliminary metallurgical testwork undertaken on composite samples of fresh rock collected from core... 


Yamana begins advancing plans for newly acquired Wasamac
Yamana begins advancing plans for newly acquired Wasamac
22nd January 2021 By: Mariaan Webb

Gold miner Yamana Gold has completed the acquisition of the Wasamac property and Camflo property and mill, solidifying its position in Quebec’s Abitibi region. The company acquired the assets... 


POWER CHAIN 
Carefully-selected high-strength steels, advanced manufacturing processes and refined heat treatments, ensures the chain has maximum fatigue strength and protection against failure
Chains extend equipment operating life
22nd January 2021

Included in engineering solutions provider BMG’s extensive range of Tsubaki high-performance chain, is the robust workhorse elevator series, which offers enhanced strength and reliability, a... 


American Lithium submits operations plan to BLM
14th January 2021 By: Donna Slater

TSX-listed project acquirer, developer and explorer American Lithium is moving its flagship Tonopah lithium project, in Nevada, US, towards its next phase of development with the submission of a... 


Gold exploration remains steady with moderate growth
13th January 2021 By: Donna Slater

Amid falling exploration budgets across nearly all commodities, gold exploration remained steady in 2020, posting a 1% increase over 2019. Exploration was buoyed by stronger gold prices during the... 


Diamcor completes another tranche of convertible loan financing
12th January 2021 By: Marleny Arnoldi

TSX-V-listed Diamcor Mining has closed a follow-on convertible loan financing round for aggregate gross cash proceeds of C$420 000. This followed on another convertible loan financing round that... 


Osisko Development completes C$68.6m private placement offering
8th January 2021 By: Donna Slater

TSX-listed gold project developer Osisko Development has completed a previously announced nonbrokered private placement of 9.34-million units at a price of C$7.50 apiece for aggregate gross... 


SouthGobi faces going concern headwinds
5th January 2021 By: Marleny Arnoldi

Coal miner SouthGobi says its results for the three months ended September 30, 2020, were impacted on by a lower average selling price achieved for coal, despite higher sales volumes year-on-year.... 


NWS signs third party toll agreements
4th January 2021 By: Esmarie Iannucci

Oil and gas producer Woodside in December reported that the North West Shelf (NWS) project participants had executed fully-termed gas processing agreements (GPAs) for processing third-party gas... 


Legal tug-of-war shutters one of SA's richest chrome mines
18th December 2020 By: News24Wire

A chrome mine in Limpopo, potentially one of the richest in South Africa, has sat idle while a series of arcane court battles ensue between local and Chinese business interests. A development... 


Australian coal needed in China - WoodMac
Australian coal needed in China - WoodMac
17th December 2020 By: Esmarie Iannucci

Analysis by advisory firm Wood Mackenzie (WoodMac) has shown that there will be no winners in the coal war between Australia and China. Reports emerged earlier this week that National Development... 


Otso raises $11m as it begins to move to production
14th December 2020 By: Mariaan Webb

TSX-V-listed Otso Gold on Monday announced that it had executed a subscription agreement with Brunswick Gold for a strategic investment of $11-million into the company. Brunswick is a limited... 


Sibanye to proceed with buyout of shares from holders of fewer than 400 shares
11th December 2020 By: Marleny Arnoldi

JSE-listed gold miner Sibanye-Stillwater advises that all conditions precedent to its odd-lot and specific offers have been fulfilled and the company will soon proceed with its implementation.... 


Implats announces results of bond purchase offer
10th December 2020 By: Simone Liedtke

Platinum group metals miner Impala Platinum (Implats) has accepted for purchase bonds validly offered for sale in a principal amount of R241.46-million. The miner previously invited bondholders of... 


World Platinum Investment Council Director of Research Trevor Raymond
China converting battery electric vehicles into platinum-linked hydrogen fuel cell vehicles
8th December 2020 By: Martin Creamer

Battery electric vehicles such as municipal buses and trucks are being converted into hydrogen fuel cell vehicles by China. “China already has a very well-established infrastructure to charge... 


Northam increases shareholding in Zambezi Platinum to 80%
8th December 2020 By: Donna Slater

Platinum group metals miner Northam Platinum has acquired an additional 2.83-million preference shares in Zambezi Platinum. This is in addition to an agreement that has been reached to acquire... 


Tirupati progresses LSE listing plans
1st December 2020 By: Tasneem Bulbulia

Graphite and graphene producer Tirupati Graphite’s prospectus has been approved by the Financial Conduct Authority (FCA) and published on December 1. The prospectus relates to the admission of the... 


Bushveld draws down $30m for capital investment purposes
30th November 2020 By: Simone Liedtke

Aim-listed Bushveld Minerals has satisfied the conditions to draw down $30-million under a production financing agreement (PFA) and the unsecured convertible loan notes of $35-million, to be... 


President Cyril Ramaphosa
Ramaphosa stresses SA’s gateway-to-Africa role as he seeks to reignite investment amid Covid
27th November 2020 By: Terence Creamer

Investment pledges of R109.6-billion were unveiled at the third South African Investment Conference on Wednesday, increasing the total value of commitments made since 2018 to R773.6-billion, or... 


Northam completes R1.33bn book building note placement
26th November 2020 By: Donna Slater

JSE-listed platinum group metals miner Northam has completed a private placement of domestic medium-term notes to the value of R1.33-billion in a bookbuild that was oversubscribed by 33%, under... 


CEO Seelan Gobalsamy
Omnia firmly in ‘fix and renew’ phase following September interim period
24th November 2020 By: Simone Liedtke

JSE-listed diversified chemicals group Omnia Holdings is now firmly in the "fix and renew" phase of its turnaround strategy, where implementation of the new operating model during the six months,... 


Aris Gold chairperson Ian Telfer
Caldas changes to Aris Gold with Telfer as chair, Woodyer as CEO
24th November 2020 By: Mariaan Webb

Colombia-focused precious metals company Caldas Gold has started a C$85-million private placement financing with a group of investors that will result in a new management and board member line-up... 


President Cyril Ramaphosa
Ramaphosa stresses South Africa’s gateway-to-Africa role as he seeks to reignite investment amid Covid
18th November 2020 By: Terence Creamer

President Cyril Ramaphosa used the platform of the third South Africa Investment Conference to underline the country’s potential to act a gateway to the African market, as he sought to reignite... 


Kefi raises nearly £3m in oversubscribed placing
16th November 2020 By: Marleny Arnoldi

Aim-listed Kefi Gold and Copper has raised £2.97-million through a firm oversubscribed placing, after issuing about 186-million new ordinary shares of 0.1p each at a price of 1.6p apiece. Both... 


CEMENTING SOLUTIONS AfriSam was collaborating with contractors on customised concrete solutions long before Covid-19; however, the pandemic has exacerbated the need for companies to contain costs
Sector recovery lies in collaboration – says cement maker
13th November 2020 By: Marleny Arnoldi

The construction sector remains under pressure, despite the easing of the national lockdown to Level 1, and contractors need to work with materials suppliers to remain cost competitive, says... 


Richards Bay Alloys CEO Andries van Heerden advocates chrome export tax to save local ferrochrome industry.
Richards Bay Alloys backs chrome export tax as interim measure
13th November 2020 By: Martin Creamer

The struggling electricity-intensive South African ferrochrome industry, which has taken significant strides to increase its efficiency and reduce its electricity consumption, needs urgent steps to... 


Mining output down 2.8% y/y in September
12th November 2020 By: Creamer Media Reporter

South Africa's mining production decreased by 2.8% year-on-year in September, with the iron-ore sector having made the largest negative contribution and diamonds the largest positive contribution.... 


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