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Meet 300+ mining companies and 500+ investors under one roof

By: Creamer Media Reporter      1st November 2018 Investing in African Mining Indaba is returning to Cape Town from 4-7 February 2019 to celebrate its 25th anniversary and biggest event yet…meet 300+ mining companies and 500+ investors under one roof, as well as senior government officials and other industry stakeholders. With the President of... 

Mali's first independent power project to start up next week

By: Reuters     25th October 2018 Mali's first independent power project – a €122-million ($139.06-million), 90 MW diesel plant – will go online next week in the country's gold-rich southwest, a board member of the operator said on Wednesday. The new plant could spur more of the foreign investment Mali has struggled to attract... 

SRK Ghana expanding into other West African markets

By: Nadine James     19th October 2018 As the economic mood in the global mining industry turns towards the better, SRK Consulting’s Accra office, in Ghana, has been making inroads into new markets in Côte d’Ivoire and Togo, SRK Ghana country manager John Kwofie noted in a release last week. He believes that there is potential for... 

Perseus on track for full-year production

By: Esmarie Iannucci     18th October 2018 Dual listed gold miner Perseus Mining is on track to achieve its full year production targets after another strong quarter in the three months to September. The ASX- and TSX-listed company produced 72 477 oz of gold in the quarter under review, compared with the 83 881 oz produced in the June... 

Asanko tracking top end of H2 guidance

By: Mariaan Webb     17th October 2018 Mining operations at the Asanko Gold Mine (AGM) are ahead of plan, standing the Ghana joint venture (JV) operation in good stead to meet its full-year production guidance of 200 000 oz to 220 000 oz. The mine – a 50:50 JV between Asanko Gold and Gold Fields – produced a record 61 599 oz in the... 

Mining Indaba intensely focused on driving capital into African mining 

By: Martin Creamer     11th October 2018 An investment pavilion will be introduced at the upcoming Investing in African Mining Indaba to drive capital into African mining with even greater intensity, MD Alex Grose said on Thursday. Speaking to Mining Weekly Online during a media roundtable, Grose also revealed that more time would be... 

Azumah grows Ghana project’s mineral resources to 2.5Moz

By: Marleny Arnoldi     28th September 2018 ASX-listed gold developer Azumah Resources has increased the combined mineral resource of its Wa gold project by 21%, or 433 900 oz, to 2.5-million ounces, adding to the expectations for attractive financial metrics for the Ghana project. Azumah will update the ore reserves and financial metrics... 

GoldStone progresses scoping, old working assessment at Akrokeri-Homase project

By: Marleny Arnoldi     27th September 2018 Aim-listed GoldStone Resources is growing more confident in identifying mineral resource potential at the Akrokeri-Homase (AKHM) gold project, in Ghana. A work programme has focused on accessing the historic, high-grade Akrokeri underground gold mine, which is one of two previously producing... 

New AngloGold boss weighs asset sales to unlock value at miner

By: Bloomberg     26th September 2018 AngloGold Ashanti’s new CEO Kelvin Dushnisky said his goal of unlocking value at the world’s third-largest gold producer will involve focusing on its best assets and selling those that aren’t core to the business. Dushnisky, 55, took over at AngloGold on September 1 as the Johannesburg-based... 

Goldplat upbeat on FY18 results, despite lower profit, output

By: Simone Liedtke     26th September 2018 Aim-listed gold producer Goldplat achieved a profit from operating activities of £2.5-million for the financial year ended June 30. While this is lower than the £2.9-million profit reported for the prior financial year, chairperson Matthew Robinson on Wednesday said this was a positive result... 

PFS generates positive feedback for Cardinal’s Ghana gold project

By: Tasneem Bulbulia     18th September 2018 Gold-focused Cardinal Resources’ prefeasibility study (PFS) for the Namdini gold project in Ghana has confirmed it as one of the country’s and continent’s most promising undeveloped, large gold assets. The financial modelling of the project has shown it to be technically sound and financially... 

Ghana on hook for $2bn China deal if bauxite plan stalls

By: Bloomberg     10th September 2018 Ghana will have to use alternative sources to pay back China’s Sinohydro Corp. for $2-billion in infrastructure if the revenue from an earmarked bauxite project is insufficient to meet installments. Sinohydro agreed to a deal with the West African nation in May to build bridges, roads, hospitals... 

Mali's Keita names new defence and mines ministers for second term

By: Reuters     10th September 2018 Malian President Ibrahim Boubacar Keita named new defence, mines and foreign ministers on Sunday as he began his second five-year term presiding over a country ravaged by jihadist and inter-ethnic violence. Keita was sworn in last week after winning a landslide re-election despite escalating... 

'Will I come back dead?' Human costs of South African gold

By: Bloomberg     10th September 2018 fter more than two decades of improving mine safety since the end of apartheid, South Africa’s progress has stalled with an increase in gold-mining deaths. More than 50 people have died in the country’s mines in 2018, roughly the same number as this time last year. While annual death tolls are... 

Mining waste set to grow, but ‘reduce, reuse, recycle’ solutions abound

By: Tracy Hancock     7th September 2018 The evolution of waste management techniques to accommodate the shift to low-grade ores by mining operations is one of the key emerging trends in the global mining waste management market, states UK market research company Technavio. The London-headquartered company explains that in the last... 

Mining waste set to grow, but ‘reduce, reuse, recycle’ solutions abound

By: Tracy Hancock     7th September 2018 The evolution of waste management techniques to accommodate the shift to low-grade ores by mining operations is one of the key emerging trends in the global mining waste management market, states UK market research company Technavio. The London-headquartered company explains that in the last... 

Ramjack introduces outsourced remote operations service to Africa

6th September 2018 Specialised systems integrator Ramjack Technology Services is launching a new service that will allow African mines to run their production and safety systems on a real-time basis from an outsourced control centre in Johannesburg. 

Goodwin pumps reduce maintenance costs, downtime

5th September 2018 Pump manufacturer Goodwin Submersible Pumps Africa has made significant advances in the mining and dewatering industries since its inaugural opening in South Africa two years ago. The growth experienced by the company has been spearheaded by the flagship 100ANZE slurry submersible pump as well as... 

Endeavour sells Mali mine for $60m

By: Mariaan Webb     4th September 2018 TSX-listed Endeavour Mining has agreed to sell another mine to BCM Investments, this time the Tabakoto mine, in Mali. Endeavour on Tuesday announced a binding agreement to sell Tabakoto to Algom Resources – a subsidiary of BCM – for $60-million. Last year, the company sold the Nzema mine, in... 

IronRidge strengthens management team as it transitions from explorer to developer

By: Simone Liedtke     3rd September 2018 Aim-listed IronRidge Resources continues to strengthen its management team as it transitions from explorer to developer, through securing key executives and senior managers for the next phase of the company’s project and corporate development. On Monday, CEO Vincent Mascolo committed to a further... 

Local manufacture a critical component of mine modernisation drive

By: Creamer Media Reporter      3rd September 2018 Epoxerite remains a leading supplier of high quality grouts for a myriad of applications in the mining industry, and this includes as a dependable bonding agent for pre-stressed cable anchors in some of the world’s deepest underground mines. This system provides a significantly safer alternative... 

Industrial clothing maker develops women’s mining range

31st August 2018 For almost 25 years, industrial clothing manufacturer JAVLIN has been designing and manufacturing workwear to withstand the demands of Africa’s toughest workplaces. In line with this, the company has developed a women’s clothing and footwear range specifically for the mining industry. “The range... 

Bigen wins two Standard Bank Top Women Empowerment Awards

By: Creamer Media Reporter      31st August 2018 The Bigen Group, an innovative and solutions-focused infrastructure development group, earned two sought-after Standard Bank Top Women Awards. Bigen was named Top Gender Empowered Company in Infrastructure Development and CEO Anton Boshoff the Top Male Driving Gender Empowerment at the annual... 

Azumah needs more ounces at Wa

By: Esmarie Iannucci     29th August 2018 Junior gold developer Azumah Resources would need to establish a reserve base of at least one-million ounces at its Wa gold project, in Ghana, before a positive project decision could be made, MD Stephen Stone said on Wednesday. The company is working to add to the current 624 000 oz reserve... 

Global mining showing interest in Master Drilling’s new technology  

By: Martin Creamer     28th August 2018 The mining industry is showing strong interest in the new blast-free mobile tunnel boring machine that South African company Master Drilling will launch in Italy next month. This interest is exemplified by 32 mining executives from mining jurisdictions across the world making themselves available... 

IronRidge hits high-grade lithium during drilling at Ewoyaa

By: Marleny Arnoldi     28th August 2018 Aim-listed IronRidge Resources’ share price shot up by 8.9% to 24.2p apiece as the company hit high-grade lithium mineralisation during drilling at its Ewoyaa project, in Ghana. Intercepts included 128 m grading 1.21% lithium, 111 m grading 1.35% lithium and 65 m at 1.58% lithium, up to 3 m at... 

Master Drilling mulling year-end dividend, launching blast-free borer

By: Martin Creamer     28th August 2018 Innovative drilling technologies company Master Drilling, which will next month launch a new blast-free mobile tunnel boring machine that is expected to have a far-reaching beneficial impact on mining, on Tuesday reported satisfactory results for the six months ended June 30. The Johannesburg... 

Afri-Tech Mining Supplies

24th August 2018 Launched in 2007, Afri-Tech Mining Supplies has achieved strong growth as a premier supplier of screen and filter cloths for the liquids/solids separation industries. The innovative, dynamic and growth-orientated company, under the expert guidance of founder Richard Arends, has rapidly expanded... 

New design for the Mixtec EDICT system

24th August 2018 Industrial agitator manufacturer Mixtec will be showcasing its very own high-level mixer designs and cutting edge impeller designs at this year’s Electra Mining Africa. 

Ghana opposition seeks IMF view on $2bn Chinese Bauxite deal

By: Reuters     24th August 2018 Ghana's opposition in parliament wants the International Monetary Fund (IMF) to decide whether a $2-billion Chinese deal agreed by the government in exchange for bauxite will add to the country's debt burden, it said on Thursday. Under the deal, approved by Ghanaian lawmakers last month, China's... 

Profits fall as Resolute's transformation takes shape

By: Esmarie Iannucci     24th August 2018 Lower gold production has seen ASX-listed Resolute Mining’s gross profits decline from the A$177-million reported in the 2017 financial year, to A$69-million. The miner produced 284 000 oz of gold during the 12 months ending June, compared with the 329 843 oz produced in the previous financial... 

Cardinal closes Sprott credit facility

By: Esmarie Iannucci     23rd August 2018 ASX-listed Cardinal Resources has finalised a $25-million senior secured credit facility with Sprott Private Resources. The facility, which was agreed upon in July this year, will provide the junior with working capital and funding to complete the preliminary and definitive feasibility studies... 

Gold Fields advances projects to ‘underwrite a better future’

By: Simone Liedtke     17th August 2018 NYSE- and JSE-listed Gold Fields aims to continue building new projects that will “underwrite a better future for [the miner] in terms of a longer life at lower costs”. This, CEO Nick Holland said during a conference call on Thursday, is particularly important, given the volatility of the gold... 

Genuine effort to ensure localisation and transformation are key to success of mining sector

By: Nadine James     17th August 2018 Becoming a sustainable and relevant mining industry service provider requires a genuine effort to meet and address issues of localisation and transformation, while fostering local partnerships to develop extractive projects in African countries, suggests engineering, procurement and construction... 

Gold Fields remains in ‘strong’ financial position, despite $367m loss, says Holland

By: Simone Liedtke     16th August 2018 Despite attributable losses from continuing operations for the six-month period ended June 30, of $367-million or $0.45 a share, CEO Nick Holland maintains that the NYSE- and JSE-listed Gold Fields remains in a strong financial position. Holland further noted on Thursday that the integrity of the... 

Ghana President to address delegates at Mining Indaba 2019

By: Marleny Arnoldi     15th August 2018 Ghana President Nana Akufo-Addo will speak at the 2019 Investing in African Mining Indaba, which will be held at the Cape Town International Convention Centre from February 4 to 7. Ghana is considered one of the major mining centres on the African continent; therefore, with Akufo-Addo speaking,... 

Minister decries Gold Fields’ job-cut plan at cash-burning South Deep

By: Martin Creamer     14th August 2018 They say South Deep will be the last gold mine standing, but every report coming out of it indicates that it is an extremely hard nut to crack, with production hopelessly below guidance. Since 2006, Gold Fields has pumped R32-billion into South Deep without even breaking even, let alone making a... 

Hydraulic trash pumps suitable for mining conditions

By: Donald Makhafola     10th August 2018 Australian pump specialist Aussie Pump Industries has noted a significant increase in the use of hydraulic drive trash pumps, which eliminates the use of internal combustion engines, says Australian pump specialist Aussie Pumps Industries chief engineer John Hales. “Our trash pumps can be adapted... 

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