Emigration causes decline in mining skills

The activity level of the contract mining and outsourcing industry is increasing but the skilled labour shortage remains a major challenge as experts are still leaving South Africa for political and safety reasons says mining contractor Redpath...

Mongolia passes watered-down foreign investment law

Mongolia's Parliament passed a controversial law aimed at capping foreign ownership in "strategic" industries like mining on Thursday, but investors expressed relief that the legislation was weaker than first anticipated. The bill has been...

Work on R5.2bn Majuba rail line to begin in Nov – Eskom

State-owned power utility Eskom has initiated a process to prequalify bidders for the civil construction of the R5.2-billion Majuba railway line project, which will be funded partly from finance secured from the World Bank in 2010. Envisaged is...

Company Announcement: Sepura announces appointment of new CFO, Steve Chamberlain

In a move designed to complement and enhance the skills mix of its senior management team, Sepura has appointed Steve Chamberlain as Chief Financial Officer, as of March 2012.

Mongolia mine law change unlikely to be retroactive

Changes to Mongolia's investment rules that will allow it to review takeover bids by foreign investors are part of efforts to avoid over-dependence on commodity-hungry China and are not aimed at reviewing existing deals, a government Minister...

Ivanhoe founder steps down as it agrees finance deal with Rio Tinto

TSX-listed Ivanhoe Mines on Wednesday said its founder and CE Robert Friedland resigned as part of a financing deal with Rio Tinto to see the Oyu Tolgoi copper/gold project in Mongolia through to the start of commercial production by 2013....

Ethiopian Potash appoints new directors

TSX-V-listed Ethiopian Potash Corp (EPC) on Thursday announced the appointment of Bruce Cumming and CFO Michael Galloro as directors, following the resignation of Paul DesLauriers, Robert Metcalfe and Binh Vu from the board. Acting CEO and...

South African companies pursuing ironclad Canadian opportunities

Two South African companies are pursuing iron opportunities in Canada, the one the JSE-listed Petmin and the other the lesser known unlisted Iron Mineral Beneficiation Services (IMBS), which got under way with the help of initial private equity...

Company Announcement: IMIC Signs Relationship Agreement with AIOG and Concludes First Joint Project in Guinea

International Mining and Infrastructure Corporation plc is pleased to announce it has converted the Heads of Agreement signed with African Iron Ore Group Limited on 30 November 2011 into a Relationship Agreement.

Kibo making progress with exploration in Tanzania

Aim- and AltX-listed Kibo Mining on Friday reported good progress at its gold and base metal exploration portfolio in Tanzania, despite turbulent financial markets. Chairperson Christian Schaffalitzky reported that success was achieved through...

Petmin mulling TSX listing for low-cost pig iron venture

JSE and Aim-listed steel-feed mining company Petmin is targeting the production of the lowest cost pig iron “on the planet” at its jointly controlled North Atlantic Iron Corporation (NAIC) iron sands project in Canada's Labrador province....

Forbes Coal appoints finance VP

JSE-listed Forbes and Manhattan Coal has appointed Sarah Williams as VP of finance, effective from April 1, CEO and president Stephan Theron announced on Monday. Williams, a chartered accountant who held a position at Sasfin Bank, had expertise...