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African gold mine receives mobile firefighting set

By: Mia Breytenbach Pumps and pump components supplier Grundfos supplied a containerised firefighting set – the first Grundfos set of its kind to be supplied worldwide – to one of West African gold producer Perseus Mining’s gold mines, in Ghana, in October last year. The South African arm of the Denmark-based parent... 

Pumps, valves and pipes expo opens African mining opportunities

As pump and valve manufacturers and suppliers around the world are looking to grow their market share in Africa, particularly in the mining industry, the Pumps, Valves & Pipes Africa 2015 (PVPA) expo will showcase the latest products, solutions, projects and opportunities available. PVPA, a... 

Doray restructured financing to gain hold of cash flow

By: Esmarie Swanepoel Gold miner Doray Minerals has agreed to refinance and restructure its project finance facility, allowing the company improved access to cash flow to fund exploration and business development activities. MD Allan Kelly said on Thursday that following discussions with a number of domestic and... 

Randgold’s Kibali mine making waves in the DRC

By: Henry Lazenby Africa-focused gold producer Randgold Resources on Tuesday said the Kibali gold mine, in the Democratic Republic of Congo (DRC), was now well advanced into the second and final phase of development that would take it to full production by 2018. LSE- and Nasdaq-listed Randgold was currently... 

Iamgold reports localised rock burst at Westwood mine, Quebec

By: Henry Lazenby Canadian gold producer Iamgold reported late Thursday that a rock burst occurred underground in the afternoon at its Westwood mine, in Quebec, causing ground fall in a confined area. While, access for four people was initially blocked, they were not injured and were able to exit the mine safely.... 

Patriot demands arbitration to resolve Northern Vertex option agreement

By: Henry Lazenby Emerging gold producer Patriot Gold has issued an arbitration demand to joint venture (JV) partner and optionee Northern Vertex Mining, citing unhappiness regarding the required scope and technical details of the bankable feasibility study (BFS) for the Moss gold/silver project, in Northwest... 

Centerra Gold’s Gatsuurt project gains 'strategic important' Mongolian status 

By: Henry Lazenby Canadian gold producer Centerra Gold’s Gatsuurt project, 35 km from its operating Boroo mine, in Mongolia, has been designated as a 'mineral deposit of strategic importance' by the Mongolian Parliament. The project milestone paves the way for Centerra to move forward within the country’s Water... 

Consultancy looking for new customers at Mining Indaba 2015

By: David D‘ Oliveira The Investing in African Mining Indaba is an excellent way to elevate the corporate profile of companies operating in the African mining arena, says Australian engineering and project management consultancy Lycopodium Minerals strategic development director Dr Greg O’Neil. Lycopodium will attend... 

Gold producer reveals plans for West Africa investment

By: Bruce Montiea With several existing developments in West Africa, internationally diversified low-cost gold producer Nordgold plans to invest further in the region and will update potential investors on its growth strategy at the 2015 Investing in African Mining Indaba, which is taking place at the Cape Town... 

HUNT AND BE HUNTED

By: Martin Creamer Mid-tier gold producer Iamgold is hunting for acquisitions while at the same time being prepared to be hunted itself. CEO Steve Letwin, above, expects a deal to eventuate this year for the Canadian-based company, which has $500-million in cash from a Canadian mine sale. Iamgold may use these... 

Monument advances Murchison drill programme, denied appeal in Selinsing case

By: Natalie Greve A third round of drilling results at Candadian gold producer Monument Mining’s Murchison gold project, in Western Australia, has confirmed the existing mineralised zones and intersected a number of isolated high-grade intervals outside of the currently defined mineralisation. The Murchison gold... 

AuRico Gold reports record Q4 output from Young-Davidson

By: Henry Lazenby Canadian gold producer AuRico Gold’s cornerstone Young-Davidson mine, near Matachewan, in Northern Ontario, has recorded its eleventh consecutive quarter of record gold output. Toronto-headquartered AuRico said on Wednesday before markets opened that its Young-Davidson mine was responsible for... 

Phoenix increases resource to more than 4Moz

By: Esmarie Swanepoel Junior gold producer Phoenix Gold has increased its mineral resource estimate by 6%, to more than four-million ounces. Phoenix on Wednesday reported that an updated resource model, completed by independent consultants, had increased the Kintore resource by some 686 000 oz, while the Castle Hill... 

Pumps Valves & Pipes Africa Opens African Mining Opportunities

The long-term future of mining in Africa looks bright, with solid growth in Ghana forecast to reach $3.8-billion in only four years. Tanzania, the fourth largest gold producer in Africa, will grow its mining sector to $1.28-billion in 2015. Angola is also expecting its massive mining growth to... 

Regis says output down 10% q/q

By: Esmarie Swanepoel ASX-listed gold producer Regis Resources has reported a decline in gold production for the three months to December, on lower throughput at its Garden Well operation, in Western Australia. Regis produced 80 065 oz of gold in the December quarter, compared with the 88 818 oz of gold produced in... 

Richmont Mines extends Ontario mine’s orebody to 1 200 m mark

By: Henry Lazenby Junior gold producer Richmont Mines on Thursday reported that ongoing exploration at its flagship Island Gold mine, in Ontario, had confirmed that the orebody extended to 1 200 m below surface. The Montreal-based miner, which had discovered a 1.1-million-ounce gold deposit beneath its operating... 

Barrick Gold to suspend Lumwana copper ops after Zambia passes new royalty law

By: Henry Lazenby Canada’s Barrick Gold Corp will suspend operations at its Lumwana copper mine, in Zambia’s Northwestern province, after the country enacted legislation that raised the royalty rate on openpit mining operations from 6% to 20%. TSX- and NYSE-listed Barrick, the world’s largest gold producer, said... 

Yamana Gold to spin out, sell some noncore Brazilian assets

By: Henry Lazenby Canadian gold producer Yamana Gold will spin out some of its noncore Brazilian assets into a new subsidiary next year, but would continue to consider strategic alternatives for these assets, including their possible outright sale. The Toronto-based miner on Wednesday said it had already made... 

Klondex Mines inks second 2014 toll-milling agreement

By: Henry Lazenby Nevada-focused gold producer Klondex Mines has secured a second toll-milling contract this year following its C$83-million acquisition of the Midas mine and mill, located in Nevada, from a Newmont subsidiary. Vancouver-based Klondex on Wednesday announced that it had agreed to process high-grade... 

Semafo does not expect illegal Burkina Faso strike to impact output

By: Henry Lazenby Employees of TSX-listed gold producer Semafo on Wednesday returned to work at the company's Mana mine, in Burkina Faso, after operations were suspended on Saturday following an illegal strike. The Montreal-based company said on Monday that workers downed tools despite an existing collective... 

Barrick and Ma'aden complete JV accord to move Saudi copper mine forward

By: Henry Lazenby The world’s largest gold producer by volume Barrick Gold on Wednesday announced that it had completed a 50/50 joint venture agreement with Saudi Arabian Mining Company (Ma'aden) to move the long-delayed Jabal Sayid copper mine, located in the kingdom, forward, with first shipments slated for... 

Semafo reports illegal work stoppage at Burkina Faso mine 

By: Henry Lazenby Employees at TSX-listed gold producer Semafo's Mana mine, in Burkina Faso, started an illegal work stoppage on Saturday evening. The Montreal-based company said on Monday that this was in spite of an existing collective agreement that remained in effect until December 31, 2015. 

Monument’s business strategy working to its advantage in tough economic climate – CEO

By: Creamer Media Reporter TSX-V-listed Monument’s business strategy is working to its advantage in the challenging economic environment, said president and CEO Robert Baldock when commenting on the gold producer’s financial results for the first quarter of fiscal 2015. "Fiscal 2015 started with the continuing decline in... 

Lake Shore aiming to produce $15m to fund exploration

By: Creamer Media Reporter Canada-based gold producer Lake Shore Gold on Wednesday announced that it expected to generate gross proceeds of about $15-million through a brokered private placement of 12.9-million flow-through common shares to be offered on a bought deal basis at $1.17 apiece. The funds raised from the... 

Solidarity, NUM sign agreements with Sibanye to soften job cuts 

By: Leandi Kolver Trade union Solidarity on Thursday announced that it had signed a cooperation agreement with gold producer Sibanye Gold to limit the impact of job cuts at the company’s Cooke 4 shaft, on the West Rand. The agreement, in terms of which the company undertook to implement various measures and... 

Goldcorp heads back to the drawing board after withdrawing El Morro EIS

By: Henry Lazenby The world’s most valuable gold producer by market capitalisation Goldcorp on Friday said it had withdrawn its environmental impact study for the $3.9-billion El Morro copper/gold project, in Chile, after an October ruling by the Chilean Supreme Court halted development on grounds that local... 

Divestment indicative of local industry challenges

By: Bruce Montiea Recent restructuring and divestment moves by mining majors Anglo American Platinum (Amplats), BHP Billiton and Gold Fields are indicative of the difficulties that mining companies operating in South Africa are facing, says strategy and communications consultancy africapractice consultant... 

Crater Gold hopes for speedy production in PNG

By: Esmarie Swanepoel ASX-listed junior Crater Gold Mining was poised to become the next gold producer in Papua New Guinea, after being granted a mining lease for its Crater Mountain gold project. A Joint Ore Reserves Committee-compliant resource of 24-million tonnes, grading 1 g/t gold for 790 000 oz of contained... 

Goldcorp stock falls on Q3 earnings miss

By: Henry Lazenby The NYSE-listed stock of miner Goldcorp on Thursday fell 10% after the world’s largest gold producer by market capitalisation swung to a net loss for the three months ended September 30. Vancouver-based Goldcorp had a loss for the third quarter of $44-million, or $0.05 a share, compared with net... 

Barrick Gold reports narrower Q3 profit on lower sales, prices

By: Henry Lazenby The world’s largest gold producer by output, Barrick Gold, experienced narrower net earnings for the quarter ended September 30, as lower gold and copper sales, as well as lower realised prices impacted on its performance. The Toronto-based miner, with operations in North and South America,... 

Beadell production increases in Sept quarter

By: Esmarie Swanepoel Junior gold producer Beadell Resources has reported an increase in production and a decrease in costs following record plant throughput at its Tucano operation, in Brazil, during the three months to September. Gold production in the September quarter reached 33 793 oz, at a cash cost of $956/oz,... 

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