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Company Announcement

Snc-Lavalin Supplies Filter Press Techology To Russian Gold Mine PDF Available

SNC-Lavalin’s South African office is on track to complete a contract awarded in December 2012 for the supply of filter press technology to a major gold producer in Russia as part of the development of a greenfield plant. Roger Rousseau, manager...
24th March 2014
 
GOLD

Endeavour Mining widens full-year loss as impairment charges weigh

West Africa-focused gold producer Endeavour Mining on Wednesday said that it had widened its full-year 2013 net loss to $332.5-million, or $0.81 a share, compared with a net loss of $15.5-million, or $0.06 a share in 2012, as it booked a...
19th March 2014
 
GOLD

Doray reaps first profits from Andy Well

Gold miner Doray Minerals has reported a maiden net profit of A$18-million for the six months ending December after starting gold production at its Andy Well mine, in Western Australia. Gold production started in August last year, and the...
14th March 2014
 
SECONDARY PLACEMENT

Barrick Gold completes secondary placement of ABG stock

Senior gold producer Barrick Gold on Tuesday reported that it had completed a sale of 41-million shares in African Barrick Gold (ABG), raising about $188-million. The stock represented about 10% of the total issued shares of ABG, and was sold at...
11th March 2014
 
Gold

Proposed gold sector strike unprotected by Labour Court

The Association of Metalworkers and Construction Union (AMCU) will appear in court next month to appeal the judgment that declared the union’s planned gold sector strike unprotected. The judgment was handed down on January 20 by Judge Edwin...
28th February 2014
 
SLURRY PUMPS

Slurry pumps company targeting several African markets

PROVEN PRODUCT Pump and Abrasion Technologies’ aims to prove that BattleMax range of slurry pumps is not a mere mid-line or short-term product South Africa-based slurry pump specialist Pump and Abrasion Technologies (PAT) aims to establish its presence in the African market more securely this year, specifically in the copper and gold markets in Zambia and Ghana, while servicing its...
28th February 2014
 
GOLD

Goldgroup Mining gets explosives permit for Mexican operation

Mexico-focused gold producer Goldgroup Mining on Thursday said that it had received an explosives permit from the Secretary of National Defense, which was the final permit necessary for full-scale operations at the company's 100%-owned Cerro...
27th February 2014
 
GOLD

Northern Star doubles SPP, proceeds to more than triple output

ASX-listed gold miner Northern Star Resources has doubled the size of its share purchase plan (SPP), which closed on February 19, from $15-million to $28.9-million, in response to demand from shareholders, the company announced on Thursday. “We...
27th February 2014
 
COMPANY RESTRUCTURING

Veris Gold rises as restructuring committee investigates strategic alternatives

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...
24th February 2014
 
Gold

Resources Watch Video Available

Kumba’s return to black shareholding rises to R21.7-billion, Despite cost cuts, Gold Fields is still focused on growth. And, Rod Pickering says it’s ‘absolutely unacceptable’ for South Africa to continue mining the way it is.
21st February 2014
 
MINING & THE ENVIRONMENT

ConCourt rules on acid mine drainage liability

A recent Constitutional Court (ConCourt) ruling has left the responsibility for acid mine drainage (AMD) squarely on the shoulders of the owners of the land – even after it had been sold. This emerged as the ConCourt dismissed an application by...
19th February 2014
 
GOLD

Osisko Gold Q4 profit falls

Canadian Malartic Quebec-based gold producer Osisko Mining on Tuesday reported a narrower fourth-quarter profit as the lower gold price impacted on its financial performance. Osisko, which is the target of a C$2.6-billion hostile takeover bid by rival Goldcorp,...
19th February 2014
 
 
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Worrying technical corner-cutting needs to be... Video
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Gemfields rolls out ‘the art of colour’ Video
Campaign under way to pay unclaimed R5bn to 200... Video
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Gemfields doing ‘De Beers-equivalent’ in... Video
New growth path for gold junior Video
Pallinghurst bringing in new tech to boost... Video
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NA Palladium mulls organic,... Audio
Deep-pocketed Asian investors eye... Audio
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IFC wants to get in early on... Audio
Randgold's Bristow promises Kibali... Audio
Endeavour Financial already looking... Audio
Asset sales, not just buys, build a... Audio
Lower-cost, higher-capacity SA... Audio
Wescoal posts big jump in FY earnings Audio