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Firms joining forces to raise $500m for mining projects, particularly in Africa

By: Ilan Solomons     18th August 2017 Mining investment advisory company MX Mining Capital Advisors and law firm Norton Rose Fulbright South Africa are collaborating to assist in raising about $500-million in finance for mining projects worldwide and for Africa based ones in particularly. MX Mining is focused on raising capital and... 

Women representation increases from ‘extreme minority’ to 13%-plus of SA’s mining workforce  

By: Mia Breytenbach     4th August 2017 The local mining industry has made significant strides in executing trans- formation and promoting gender diversity in terms of women representation, with the number of women having increased from an “extreme minority” to exceeding 10% across different levels. According to the Chamber of Mines... 

Women representation increases from ‘extreme minority’ to 13%-plus of SA’s mining workforce 

By: Mia Breytenbach     4th August 2017 The local mining industry has made significant strides in executing transformation and promoting gender diversity in terms of women representation, with the number of women having increased from an “extreme minority” to exceeding 10% across different levels. According to the Chamber of Mines... 

Lionsgold ups stake in TRAC, to launch new gold-based banking products

By: Mariaan Webb     12th July 2017 Aim-listed explorer Lionsgold has acquired a majority shareholding in gold-focused technology firm TRAC Technology, which is seen as an important piece for delivering on the company’s ‘mine-to-market’ business model. TRAC – the UK company behind ‘The Real Asset Company’ and ‘IndexGold’ brands –... 

Explorer seeking partners to support its efforts to tap Mauritania’s mineral wealth

By: Ilan Solomons     7th July 2017 Mauritania has many mining investment opportunities, with economic, social and political conditions conducive to the pursuit of developing a sector considered strategic by the country’s government, says Oil, Energy and Mines Minister Dr Mohamed Abdel Vetah. He points out that the Mauritania... 

Explorer seeking partners to support its efforts to tap Mauritania’s mineral wealth

By: Ilan Solomons     7th July 2017 Mauritania has many mining investment opportunities, with economic, social and political conditions conducive to the pursuit of developing a sector considered strategic by the Mauritanian government, says Mauritania Oil, Energy and Mines Minister Dr Mohamed Abdel Vetah. He points out that... 

Strong lithium prices predicted until at least 2021

By: Ilan Solomons     14th April 2017 Lithium prices are likely to remain elevated at around $9 500/t till at least 2021, which is a significant increase on its historic pricings of $6 500/t. This is attributable to rising demand and impending supply deficits from 2019, says lithium and rare earth elements assets developer Cadence... 

Trumpism doesn’t play in Canada, which just eased takeover rules

By: Bloomberg     4th November 2016 Prime Minister Justin Trudeau, bucking a global trend toward greater protectionism, will loosen foreign takeover rules for more than 50 Canadian publicly traded companies next year, including those in mining, oil and marijuana production. Finance Minister Bill Morneau announced this week Canada... 

Decline in ore grades grows interest in geometallurgy

By: Nadine James     19th August 2016 The concept of geometallurgy is being researched by State-owned mineral research council Mintek’s Mineralogy division, owing to the global mining industry’s challenge of confronting declining grades and low-grade orebodies. The current lack of exploration, in addition to the finite number of... 

Canada’s export credit agency sets up Africa-focused Joburg office

By: Terence Creamer     29th October 2015 Canada’s official trade finance agency, Export Development Canada (EDC), has formally established permanent offices in Johannesburg, from where it aims to facilitate $10-billion-worth of business between sub-Saharan African and Canadian companies over the coming five years. The export credit... 

Intl law firm to open Johannesburg office

By: Megan van Wyngaardt     20th October 2015 Global law firm Herbert Smith Freehills is opening its first African office, in Johannesburg, to take advantage of the growing market on the continent, while delivering tailored offerings to sectors such as energy, infrastructure and mining. "Africa is a core feature of our global strategy. With... 

Mining-school enrolment still high despite industry’s contraction

By: Jade Davenport     9th October 2015 The South African mining industry has, since the advent of the industrial economy, always been the main employment mecca. The industry has not only provided jobs for millions of workers, but has also offered some of the best careers in the country’s professional hierarchy. 

Mining-school enrolment still high despite industry’s contraction

By: Jade Davenport     9th October 2015 The South African mining industry has, since the advent of the industrial economy, always been the main employment mecca. Not only has the industry provided jobs for millions of workers, it has also offered some of the best careers within the country’s professional hierarchy. 

Vale expects to raise $1.5bn from asset sale in Brazil

By: Reuters     24th June 2015 Brazilian miner Vale could raise about $1.5-billion through the sale of a stake in one of its Brazil-based assets, a senior executive said on Wednesday. Vale, the world's largest producer of iron-ore, is scrambling to raise cash to shore up its finances in the midst of a price slump in the raw... 

Namibian mining’s pulling together boosting country’s economy – Nedbank  

By: Martin Creamer     27th May 2015 Despite the Namibian economy being tied to the South African economy, it has been able to grow ahead of South Africa, which a leading mining investment banker puts down to Namibia’s “sensible” mineral policies, as well as the Namibian mining industry’s close working relationship with its... 

Tangible results for largest ever Jersey delegation at major South Africa mining event

     6th March 2015 Jersey’s growing reputation as a centre for the operations of international mining companies was showcased to an audience of thousands at one of the world’s largest mining industry events recently. Locate Jersey led a Jersey delegation of legal and finance professionals to the major Mining Indaba... 

Banker to identify and finance mining projects at mining event

By: Bruce Montiea     23rd January 2015 Sustainable banking-focused banker Nedbank aims to use the Investing in African Mining Indaba – to be held at the Cape Town International Convention Centre from February 9 to 12 – to find, promote and finance mining projects and companies that are willing to survive tough economic conditions and... 

BNC to issue $20m bond to fund smelter restart

By: Creamer Media Reporter      1st December 2014 Bindura Nickel Corporation (BNC), a subsidiary of Mwana Africa, will issue a $20-million bond to help fund the restart of its Bindura nickel smelter, in Zimbabwe. BNC on Monday published a prospectus in relation to the bond, which would have a five-year term and which was expected to close late... 

Bonfire of the juniors avoided as role of alternative finance gathers pace

By: Simon Rees     11th November 2014 The number of companies that have delisted from the TSX and the TSX-V is far fewer than many commentators predicted, while the level of financing activity by mining companies on both exchanges has also increased, attendees at the mineLatinAmerica convention, in Toronto, were told. Alternative... 

Venezuela on slow, unsteady path to private-sector rapprochement

By: Simon Rees     6th August 2014 With violent antigovernment demonstrations petering out and many of his leading opponents now muzzled, Venezuelan President Nicolás Maduro might be forgiven for thinking his administration is now on firmer ground. However, the underlying causes for the disturbances and dissatisfaction remain: the... 

Right Eskom price will trigger R10bn Waterberg coal investment  

By: Martin Creamer     30th July 2014 A successful bulk sample burn test at Majuba power station has opened the way for Waterberg coal to be used at Majuba power station in Mpumalanga. As part of the feasibility and technical work the ASX- and JSE-listed Waterberg Coal Company has been doing with Eskom over the last 18 months –... 

First-quarter GDP growth ‘very weak’ owing to ongoing platinum strike

By: Zandile Mavuso     25th April 2014 Global banking and finance services organisation HSBC states that the impact of the ongoing strike in the platinum sector will continue to dominate overall mining production numbers in the next few months as the organisation expects mining to substantially detract from overall gross domestic... 

Two palladium ETFs list on JSE within one week

By: Chantelle Kotze     18th April 2014 An increase in demand for precious metal exchange-traded funds (ETFs) from institutional investors has resulted in the listing of two palladium ETFs on the JSE in one week. 

No platinum surge despite 400 000 oz strike-related output loss - bank 

By: Terence Creamer     14th April 2014 South Africa’s Standard Bank estimates that about 670 000 oz of platinum-group metals (PGM) had been lost by the end of March as a result of protracted strike activity in the sector, with platinum comprising about 400 000 oz of that total and the balance made up of palladium (225 000 oz) and... 

Liberum downgrades Anglo American to ‘sell’

By: Natalie Greve     3rd March 2014 Investment banking firm Liberum Capital has downgraded Anglo American to “sell” from its previous “hold” grading, describing the company as offering “plenty of risk but little reward”. “Anglo American is a higher risk investment proposition than its peers. Over half the company’s profits... 

Veris Gold rises as restructuring committee investigates strategic alternatives

By: Henry Lazenby     24th February 2014 The TSX-listed stock of North American gold producer Veris Gold on Monday climbed after the company announced that a restructuring committee announced earlier this month was investigating strategic alternatives and planning the financial restructuring of the company. The three-man team is... 

Randgold appoints new chairperson, ITH strengthens board

By: Henry Lazenby     31st January 2014 Africa-focused gold project developer and miner Randgold Resources on Friday announced that chairperson Philippe Lietard would step down at the company’s next annual general meeting after serving in the position for ten-years, and would be succeeded by Christopher Coleman, an independent... 

Roundtable encourages Singapore listing

By: Ilan Solomons     24th January 2014 Singapore-based investment holding company Singapore Exchange (SGX) is hosting an exchanges roundtable, in conjunction with advisory firm Deloitte, Singapore-based international legal services provider WongPartnership and Canadian banking and financial services company Canaccord Genuity, on... 

Standard Bank offers mining finance and research expertise

     24th January 2014 South African financial institute Standard Bank has four key sectors in its corporate investment division, namely: mining and metals, oil and gas, telecoms, power and infrastructure which is closely linked together, particularly when it comes to operating within Africa. “Over time we have seen... 

De Beers Holds Inaugural International Sight In Botswana

     12th November 2013 Historic move puts sales activities closer to largest producer partner, stimulating economic growth across southern Africa The De Beers Group of Companies celebrated another milestone in its 125 year history with the start of rough diamond sales to international Sightholders in Gaborone, Botswana... 

De Beers holds inaugural diamond sight in Botswana

By: Natalie Greve     12th November 2013 The De Beers group has celebrated another milestone in its 125-year history, with the start of rough diamond sales to international sightholders in Gaborone, on Monday. The company said in a statement that the relocation of sights from London to Southern Africa underpinned the long-term future of... 

Investment in Krugerrands growing

By: Carina Borralho     2nd August 2013 First National Bank (FNB) reports that investors worldwide are showing a positive response to investing in gold Krugerrands. The partnership with Rand Merchant Bank Commodities Division, presented FNB with an opportunity to sell Krugerrand coins to its customers through their online banking... 

Metmar sells WAG division

By: Creamer Media Reporter      25th June 2013 JSE-listed Metmar is selling its West African Group (WAG) division, which specialises in the trading and supply of plastic raw materials, rubber and rubber chemicals, to West African International for R50-million plus the movement in the division’s net asset value between March 1 and July 1 to a... 

Giyani Gold eyes JSE and TSX-V dual listing

By: Henry Lazenby     5th April 2013 TSX-V-listed Giyani Gold on Friday said it had appointed a South African advisory firm to act as transactional sponsor for Giyani to list on the Johannesburg Stock Exchange (JSE). Giyani executive chairperson Duane Parnham said listing on the JSE would ensure the company opened new capital... 

Company Announcement: Drake appoints new CEO

     11th February 2013 Mr Jason Stirbinskis has been appointed by the board of Drake Resources Limited as CEO as part of its commitment to becoming a successful and profitable gold and base metals mining company 

IFC investments to aid growth in African mining

     25th January 2013 Infrastructure investments in Africa are important for the growth of the continent’s mining sector, says World Bank Group member the International Finance Corporation (IFC), in light of the significant investments it made in the region last year. 

African countries now making more demands on Chinese investors

By: Leandi Kolver     2nd November 2012 African countries are beginning to demand more from Chinese investors, says international law firm Norton Rose banking and finance partner Milton Osborn. These demands come in numerous forms, says Milton, adding that China allocated an extra $20-billion in July this year for investment in Africa... 

Tivani project nearing start of construction and mining  

By: Samantha Herbst     27th July 2012 The final pieces necessary to start construction and mining at the Tivani iron-ore, titanium and vanadium project, in Limpopo, are falling into place, states British Virgin Islands-registered Ferrox Holdings (Ferrox) CEO David McAdam. 

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