Khan files appeal in ARMZ case

Canadian junior Khan Resources has filed an appeal in an Ontario court challenging a March 9 decision that upheld Atomredmetzoloto JSC’s (ARMZ’s) appeal to stop Khan's lawsuit against the Russian miner. Khan claims that ARMZ, which is a...

Gold One secures financing for acquisitions

ASX- and JSE-listed Gold One has secured enough financing to complete its current acquisitions, the company said on Tuesday. The junior miner was granted an unsecured $75-million shareholder loan facility from Baiyin Nonferrous Group subsidiary...

Resources Watch

This week: Kalagadi Manganese secures R7-billion debt as the final shaft blast goes off at its Northern Cape project. The Section 54 safety stoppage issue dominates Minister Susan Shabangu’s media conference. And, Xylem Water Solution’s new...

Beacon Hill says first coking coal shipment planned for mid-year

Aim-listed Beacon Hill expects to ship its first coking coal from the Minas Moatize mine, in Mozambique, by the middle of the year, chairperson Justin Lewis reported on Tuesday. The company started mining coking coal at the Upper Chipanga Pit...

Kalagadi Manganese secures R7bn debt as final shaft blast goes off at Northern Cape project

Junior miner Kalagadi Manganese has raised a debt package to fund ongoing mine development activities.

Australian junior reports rare earths prospects in Mozambique

Multiple heavy rare earth oxide (HREO) exploration targets have been identified in Mozambique’s Tete province, close to the border with Zambia, Australian Securities Exchange- (ASX-) listed junior miner Kimberley Rare Earths (KRE) announced...

SA, Swazi junior coal miners eye own export terminal

A consortium of South African and Swazi junior coal miners is exploring the option of building an alternative six-million tons coal terminal in Maputo, Mozambique, that would exclusively handle B-grade steam coal, an official said on Wednesday....

Forbes secures R230m loan for SA coal expansion

JSE- and TSX-listed Forbes Coal, which aims to triple production over the next three years, has secured a R230-million loan facility from investment and private banking group Investec. The loan facility, which it secured through its subsidiary...

MRRT safeguards needed to protect small miners – BDO

Accountancy group BDO has called for the inclusion of safeguards for small miners to the proposed mineral resources rent tax (MRRT), which was introduced into Parliament last week. An updated modelling on the impact of the MRRT confirmed that...

Enviro lobby group welcomes cancellation of CRG mining licence

South African lobby group for the environment the Verlorenvlei Coalition has welcomed the tough action by Mineral Resources Minister Susan Shabangu in deciding to revoke mining rights for the beleaguered Central Rand Gold mine.

Lobby group concerned about granting of rights to prospect in enviro-sensitive West Coast area

South African nongovernmental organisation Verlorenvlei Coalition, which aims to protect an environmentally sensitive area of the Cape’s West Coast, has expressed its concern about comments by Department of Mineral Resources (DMR) spokesperson...

Wits Gold embarks on in-fill drilling at Free State prospect to improve resource definition

Explorer and developer Wits Gold’s current exploration programme at its De Bron/Merriespruit (DBM) project is nearing development, CEO Marc Watchorn said last week, as the company mulls over options to take the development forward.