R/€ = 15.86 Change: 0.03
R/$ = 14.00 Change: 0.03
Au 1327.20 $/oz Change: 0.92
Pt 841.00 $/oz Change: 10.84


BME expands into US market

By: Nadine James     27th July 2018 South African explosives leader BME has further enhanced its international footprint by supplying its market leading AXXIS electronic detonators to customers in the US. In a statement last week, BME MD Joe Keenan noted that the company is already active with shipments of AXXIS detonators to... 

Mining investors spooked as African dispute payments multiply

By: Bloomberg     28th June 2018 Miners across Africa are increasingly using one-time payments to settle disputes with governments, a trend that’s disturbing some investors. A $150-million payment by Glencore’s Katanga Mining to the Democratic Republic of Congo’s Gecamines earlier this month followed Freeport McMoRan’s separate... 

Paulson urges underperforming gold miner to seek a buyer

By: Bloomberg     25th June 2018 Billionaire hedge-fund manager John Paulson is among investors pushing for Canadian miner Detour Gold to put itself up for sale, citing stock losses amid managerial missteps. In a letter to the Toronto-based company’s board, Paulson & Co said directors had “failed to recruit and oversee a... 

Strata expanding product lines, expanding choices

5th April 2018 Strata Worldwide announces StrataConnect DigitalBRIDGE™, a new underground network solution created through a recently established partnership with RFI Technology Solutions of Australia. 

SA firm takes first steps into US market with new blasting technology

By: Mia Breytenbach     8th December 2017 With growth for the Axxis blasting technology having increased substantially each year over the past five years, Africa-based blasting and explosives leader BME has, in enhancing the brand’s growth, taken its first steps into the US market. The company conducted six successful test blasts in... 

Finance titans face off over $5tn London gold market

By: Bloomberg     14th December 2016 Some of the biggest names in finance are fighting for control of the London gold market – a $5 trillion, three-century-old trading hub that is being forced to adapt to a digital e. As the London Bullion Market Association revamps over-the-counter trades that are the market’s major pricing... 

Congo copper deal with China may draw $2bn of investment

By: Bloomberg     15th August 2016 Gecamines, the Democratic Republic of Congo’s state-owned mining company, said China Nonferrous Metal Mining Group may invest as much as $2-billion to develop its most prospective copper asset. The Congolese miner in June described the agreement, through which CNMC will finance, build and... 

Streamer Ely Gold to buy Nevada, BC gold royalties

By: Henry Lazenby     12th August 2016 Junior gold streamer Ely Gold & Minerals has agreed to buy certain royalty interests from Till Capital subsidiaries Golden Predator US Holdings and Resource Re for $75 000. The transaction will give Ely subsidiary Nevada Select Royalty a 2% net smelter return (NSR) royalty on Resource Re’s Uduk... 

DRC's Gecamines plans Chinese joint venture at main asset

By: Bloomberg     16th June 2016 Gecamines, the Democratic Republic of Congo’s (DRC's) State-owned miner, is in talks to give China Nonferrous Metal Mining Group a majority stake in its most prospective copper asset. CNMC will finance, build and operate a copper-processing facility at the Deziwa concession in return for a 51%... 

With iceman on the way, US plants and suppliers get ready

By: Reuters     20th November 2014 US Steel is stockpiling extra iron ore ahead of what could be another record-long freeze-up of the Great Lakes. General Motors has built up inventories of critical parts at its plants and established a supply chain "crisis room" that will swing into action in the event of a major winter storm. 

Atlanta sells Abitibi gold property to focus on Atlanta, Neal properties

By: Leandi Kolver     18th November 2014 Mine developer Atlanta Gold has sold its Abitibi gold property, in western Quebec, to Canadian junior miner Vantex Resources. Atlanta president and CEO Ernest Simmons said on Tuesday that the sale of lower exploration properties allowed the company to focus on developing its Atlanta project and... 

Atlanta Gold shifts gaze to Neal following floods

By: Henry Lazenby     3rd September 2014 Idaho-focused mine developer Atlanta Gold on Wednesday said it would switch its focus to its Neal property instead of working on the Atlanta project after heavy rain and severe flooding through portions of Elmore County cut-off access to its flagship project. Elmore County issued the declaration... 

Atlanta Gold appoints contract miner for Neal property, Idaho

By: Henry Lazenby     18th June 2014 Idaho-focused mine developer Atlanta Gold has appointed a mining contractor to produce ore from its Neal property, in Idaho, that will provide it with cash flow as it finalises the process flow sheet in preparation for the extraction of a bulk sample from its flagship Atlanta gold project later... 

Atlanta Gold reports water discharge setback at Idaho project

By: Henry Lazenby     16th June 2014 TSX-V-listed Atlanta Gold on Monday reported that two events last month caused arsenic and iron discharge from the water treatment facility at the Atlanta gold project, in Elmore County, Idaho, to exceed US Environmental Protection Agency standards. The Toronto-based firm, which was currently... 

Obama govt’s toughest action yet orders 30% cut in carbon emissions 

By: Henry Lazenby     2nd June 2014 The US Environmental Protection Agency (EPA) on Monday introduced its toughest action yet to cut down on carbon emissions, ordering a 30% reduction from 2005 levels by 2030 in carbon dioxide (CO2) emissions from power plants, not auguring well for struggling thermal coal producers, which had... 

Atlanta Gold mobilise excavator at Idaho project

By: Henry Lazenby     30th July 2013 Gold exploration company Atlanta Gold on Tuesday said it had mobilised a 40 t excavator to the Atlanta project site, in Idaho, early in July. President and CEO Ernest Simmons said the excavator, which is equipped with a medium-length boom and multiple quick release attachments, was immediately... 

Atlanta Gold to improve effluent filtration system at Idaho gold project

By: Henry Lazenby     4th July 2013 Junior project developer Atlanta Gold, which is developing an eponymous gold project, in Idaho, on Thursday said it believed it could improve on its legacy effluent filtering system, which could eliminate the need to construct the approved 757 000 l east pond, as planned in the company’s... 

Atlanta Gold given more time to pay water pollution penalty

By: Henry Lazenby     3rd December 2012 Gold project developer Atlanta Gold Corporation (AGC) on Monday said the US District Court for the State of Idaho has granted it a six-month extension of the time to pay the $2-million court-imposed penalty from October 31, 2012 to April 30, 2013. The outstanding penalty will bear interest at... 

Atlanta Gold installs water filter to meet court order

By: Henry Lazenby     28th November 2012 Gold junior Atlanta Gold (AGC) has installed a water filtration and treatment system as an addition to its existing pilot water treatment facility (PWTF) at the Atlanta project, in Idaho, marking a critical environmental milestone that meets the requirements of the site's water permit. "This... 

Atlanta Gold cut off from remediation work at Idaho project

By: Henry Lazenby     28th August 2012 Gold junior Atlanta Gold Corporation (AGC) on Tuesday reported that it was cut off from accessing its Atlanta gold property by a forest fire, and might not be able to continue court-ordered remediation work to the water treatment facility until mid-October. The company said the Trinity forest... 

DRC Mines Minister rejects Global Witness’s graft allegations

By: Bloomberg     22nd June 2012 Democratic Republic of Congo (DRC) Mines Minister Martin Kabwelulu has rejected allegations of possible corruption in the State’s sale of shares in mining projects operated by Eurasian Natural Resources Corporation (ENRC). Global Witness, the London-based anticorruption campaigner, said last... 

Rio Tinto offloads aluminium cable business for $185m

By: Matthew Hill     21st May 2012 Rio Tinto has agreed to sell its Atlanta, Georgia-based wire and cable business Alcan Cable to NYSE-listed General Cable for $185-million, the companies said on Monday. The diversified mining giant has sold off noncore operations from the aluminium business it bought in 2007 for some... 


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