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Company supplies incinerator to gold mine in Tanzania

By: Jessica Oosthuizen     8th March 2019 Johannesburg-based incineration technology company Saubatech supplied a gold recovery incinerator to a gold mine in Tanzania last month, says Saubatech director Andreas Thieme. The mine is operated by a gold major and the recovery system is being commissioned by Saubatech. 

Alio Gold CEO McCunn returns to Asanko Gold

By: Creamer Media Reporter      5th March 2019 Gold miner Alio Gold on Tuesday announced the resignation of Greg McCunn as CEO and said that it had appointed Mark Backens as his successor. McCunn has resigned to pursue another opportunity and he will leave in March. 

Building sustainable economies through good governance of extractives industry

By: Saliem Fakir     1st March 2019 A pertinent question remains unanswered: Can mining economies lead to sustainable economies? This is an appropriate question to ask in the context of the yearly parade in Cape Town. I am referring to the Mining Indaba, attracts about 6 000 people from all over the world. For Africa, turning its... 

Freight rates drop as more ships become available – Assore 

By: Martin Creamer     27th February 2019 Freight rates have dropped quite substantially since the iron-ore tailings dam tragedy in Brazil ,with more vessels becoming available, Assore CEO Charles Walters reports. Since the Brumadinho dam disaster, some 30-million tonnes of iron-ore supply have been withdrawn from the market. 

Assore earnings up, dividend maintained 

By: Martin Creamer     26th February 2019 Mining and marketing company Assore on Tuesday reported 20% higher headline earnings to R2.92-billion in the six months to December 31, buoyed by an improved price basket and weaker exchange rate. Assore's jointly controlled Assmang recorded headline earnings of R4.29-billion, an increase of 23%... 

Goldplat swings to H1 operating loss as operations deliver lower output

By: Marleny Arnoldi     25th February 2019 Aim-listed Goldplat reported an operating loss of £653 000 for the six months ended December 31, 2018, compared with an operating profit of £1.5-million for the six months ended December 31, 2017. Production of gold and gold equivalents during the reporting period was 15 786 oz, compared with... 

Gold continues to shine for Perseus

By: Esmarie Iannucci     25th February 2019 Dual-listed gold miner Perseus Mining has more than doubled its profit in the six months to December, while revenue jumped 69% in the same period. Perseus on Monday reported half-year revenue of $281.6-million, compared with $166-million in the previous corresponding period, with group gold... 

Newmont CEO calls Barrick move 'desperate' as miner summit looms

By: Bloomberg     25th February 2019 The CEO of Newmont Mining labeled a potential takeover attempt by rival gold miner Barrick Gold as a “desperate” and “bizarre” move aimed at complicating his company’s pending deal to acquire Goldcorp. In his first interview since Barrick confirmed Friday it has considered a bid for Newmont,... 

thyssenkrupp unveils ground-breaking technology solutions at Mining Indaba 2019

22nd February 2019 Aligning with Industry 4.0 is no longer optional for the mining industry. Companies are urged to embrace digitalisation and automation for the critical goal to enhance sustainability, productivity and profitability. thyssenkrupp Industrial Solutions South Africa, a market leading engineering... 

Newmont posts Q4 adjusted profit

By: Mariaan Webb     21st February 2019 US gold miner Newmont Mining on Thursday reported stronger fourth-quarter results, aided by lower costs and production growth, which managed to offset lower metal prices. The company, which will soon merge with Canadian miner Goldcorp to become the world’s largest gold miner, reported adjusted... 

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