Design for major gold mine nearing completion

An engineering design project for a major gold mine in Kyrgyzstan, Central Asia, is in the process of being completed by project management and engineering group ProMet Dadi Africa.

Gold Fields reports resource, reserve estimates

South African gold miner Gold Fields has reported a 15% increase in mineral reserves at its South Deep gold mine, near Carletonville. The company stated in its 2011 Mineral Resources and Mineral Reserves guide that the mine design optimisation...

Centerra's Lang to take over as chair

Centerra Gold, which mines the metal in Kyrgyzstan and Mongolia, said on Wednesday CEO Stephen Lang will replace retiring chairperson Patrick James. Global exploration VP Ian Atkinson, who has worked for the company since 2005, will step into the...

Centerra considers joining quarterly dividend-paying peers

Centerra Gold, which reported a 47% drop in fourth-quarter net earnings to $79.4-million, might consider introducing a quarterly dividend instead of its current yearly payout, CEO Steve Lang said in an interview. But do not expect the Central...

SA improves in global mining ranking – survey

South Africa ranked 54th out of 93 global mining jurisdictions in this year’s Survey of Mining Companies, compiled by Canada’s Fraser Institute. This compared with South Africa’s 67th place out of 79 jurisdictions last year. South...

Fraser Institute poll names New Brunswick most attractive mining jurisdiction

New Brunswick has snatched the title as the most attractive jurisdiction to explore for minerals and build mines in the Fraser Institute’s yearly survey, jumping from last year’s position of twenty-third to beat Alberta. Of the 93...

Centerra says Kyrgyz strike hits output

Toronto-listed Centerra Gold said on Tuesday the ongoing strike at its Kumtor mine in Kyrgyzstan, the country's largest, had impacted output. "The Kumtor operation is currently suspended except for a minimal amount of mining to manage the pit...

Barrick to sell Highland Gold stake

The world’s largest gold producer, Barrick Gold, plans to sell its 20.4% shareholding in Russian miner Highland Gold. Aim-listed Highland Gold said in a statement on Monday that, while Barrick indicated it supported Highland's growth aims, its...

CTL process to provide fuel for SA generations to come

The abundance of coal and the nearly perfected coal-to-liquids (CTL) technology, which is used by South African petrochemicals giant Sasol, will ensure that South Africa produces fuels for generations to come, says CTL specialist and trustee of...

Olympus names new management

TSX- and ASX-quoted Olympus Pacific Minerals on Wednesday announced a management overhaul, with a new CEO, CFO and COO being appointed. Klaus Leiders, formerly an underground mine manager for Centerra Gold in Kyrgyzstan, takes up the role of COO...

Centerra targets growth through exploration, may consider 'opportunistic' deals

Centerra Gold is focused on growing its business through exploration, but would consider acquisitions “opportunistically”, CEO Steve Lang said on Friday. The company is “out there looking” for potential deals, but would be cautious about...

Stans closes rare earth plant acquisition

TSX V-listed Stans Energy said on Thursday it had closed the $5,5-million purchase of a rare earths processing plant as well as a rail terminal in Kyrgyzstan. Kyrgyz Chemical Metallurgical plant historically produced 80% of the former Soviet...