23/03/2012 (On-The-Air)

South African banks are being engaged to fund Liberia’s first commercial gold mine; Official bungling is preventing fully trained South African electricians from proving that they are fully qualified; and South Africa and the brand new...

Transnet rail split ‘not on cards’, but private partnerships are

The CEO of State-owned freight logistics group Transnet Brian Molefe has argued that it would be “disastrous” to split the group’s rail unit into separate infrastructure and operational entities and to house the infrastructure assets in a...

Transnet rail split would be ‘disastrous’ and is ‘not on the cards’

The CEO of State-owned freight logistics group Transnet Brian Molefe said on Thursday that it would be “disastrous” to split the group’s rail unit into separate infrastructure and operational entities and to house the infrastructure assets...

Karara iron-ore project, Australia

The latest reserves and resources defined at the Karara iron-ore project are expected to allow production of 30-million tons a year for a 35-year life-of-mine.

Andean American targets H2 2011 start-up at Peru mine

Vancouver-based Andean American Mining hopes to draw down on a project debt facility in the third quarter for the construction of its Invicta gold/silver/copper/lead/zinc mine in Peru, with the first production targeted for the second half of...

Namakwa secures loan from private investor

London-listed Namakwa Diamonds announced on Tuesday that it had secured a USD 15-million loan from a private investor. The company said in a media statement that the loan was secured at a fixed interest rate of 8,5% a year, against certain assets...

Moly Mines says Hanlong to settle $200m investment in April

Chinese investment firm Hanlong Mining Investments plans to settle its $200-million equity and debt investment in TSX- and ASX-listed Moly Mines in the second half of next month. Moly Mines told shareholders in a statement on Wednesday that the...

Moly Mines gets final go-ahead for Chinese investment

TSX- and ASX-listed Moly Mines has received the final approval needed from the Chinese government for a $200-million equity and debt investment by Hanlong Mining Investments, the firm reported on Monday. Moly announced in October it had signed a...

Daily podcast – February 5, 2010

Gold One plans to change its primary listing on the JSE to a secondary listing; and Nevsun Resources has arranged a non-brokered private placement to raise C$117-million.

Nevsun opts for equity sale after project debt deemed 'unreliable'

Canada's Nevsun Resources, which is building the Bisha mine, in Eritrea, has arranged a nonbrokered private placement to raise C$117-million, the company announced on Thursday. The firm said it decided on the share sale to ensure that the project...

China gives key approval for Hanlong investment in Moly Mines

The Chinese government has given a critical approval for a $200-million equity and debt investment in TSX- and ASX-listed Moly Mines by Hanlong Mining Investment. Moly announced in October it had signed a subscription agreement with Hanlong for...

Banro expects to secure finance for DRC gold mine by June '10

Canadian gold junior Banro Corporation hopes to conclude a process to arrange debt finance for its Twangiza project, in the Democratic Republic of Congo, by early June 2010, the company said on Monday. Banro announced in September it had...