Global Mining News in real time

Former Xstrata CEO considering bid for Vale's nickel assets - Bloomberg

By: Reuters Former Xstrata CEO Mick Davis is considering a bid for Vale's nickel business, Bloomberg reported. Davis's investment vehicle X2 Resources values Vale's nickel business at $5-billion to $7-billion, Bloomberg said, citing two people, who asked not to be identified because the negotiations are... 

Appea joins Queensland’s 30-year ResourcesQ initiative

By: Leandi Kolver The Australian Petroleum Production and Exploration Association (Appea) on Friday announced that it had joined the advisory board to help drive the Queensland government’s 30-year ResourcesQ initiative, aimed at promoting resources investment and jobs in the state. In terms of the initiative the... 

Conference to look at success strategies in the junior mining sector

The second yearly Junior Mining and Exploration Conference, which will run from November 5 to 7 at The Forum, in Bryanston, Johannesburg, will this year aim to further promote investment, development, growth and sustainability in the Southern African mining sector. Focusing particulary on junior... 

Company Annoucements:Converting high risk into high reward: strategies for success in the Junior Mining sector

By: Creamer Media Reporter Junior to mid-tier mining companies play an important role in exploiting the vast potential of the mineral sector in Southern Africa.  While there is no question about the gravity of the challenges that players in this sector face, there is also no denying the enormous opportunities that are... 

Gold One FY output grows 96% after acquisitions

By: Natalie Greve ASX- and JSE-listed mid-tier mining group Gold One on Thursday reported a 96% increase in gold production to 241 755 oz for the year ended December 31, 2012. The improved output was bolstered by the strategic acquisitions of Goliath Gold Mining, Ezulwini Mining Company and Rand Uranium. 

Company Announcement: Inaugural Event 2012

The Junior Mining & Exploration Conference & Exhibition, is set to take place from 6th – 8th November, 2012, at Turbine Hall, Newtown, Johannesburg 

Meridian to sell Lennard Shelf to Chinese shareholder

By: Esmarie Swanepoel ASX-listed diversified explorer Meridian Minerals has signed a nonbinding agreement with a Chinese investor Northwest Nonferrous International Investment Company to sell its Lennard Shelf lead/zinc project, for A$78-million. Northwest is Meridian’s largest shareholder with a 41,34% stake in the... 

IFC earmarks $300m for African mining investments over 3 yrs

By: Jade Davenport The International Finance Corporation (IFC) has announced its intention to invest $300-million in mining companies operating in Africa over the next three years. IFC senior investment officer for mining infrastructure and natural resources in Africa and Latin America, Christian Mulamula said... 

Senate committee slams MRRT, says ‘worse’ than super tax

By: Esmarie Swanepoel Australia’s proposed minerals resources rent tax (MRRT) would be worse for mining jobs and investment than its super profits tax (SPT) predecessor, a Parliamentary senate select committee on fuel and energy has said. The committee, made up of senators from all political parties, said in a report... 

Rockwell challenges Pala to come clean on 'restructuring'

By: Liezel Hill TSX- and JSE-listed Rockwell Diamonds, which said on Friday it would not file its annual financial statements on time, is still waiting for any definitive indication of what rogue shareholder Pala Investments thinks should be done differently at the company's South African mines, argues the... 

Explorer growing into fully fledged gold miner

By: Fatima Gabru Gold mining company Pan African Resources CEO Jan Nelson is positive that the company will become a 500 000 ounce producer within the next five years 

Continued software growth in Africa

By: Martin Creamer Mining productivity solutions provider Gemcom Software International reported continuing growth of its operations in Africa, with the addition of new personnel, locations and an expanded range of offerings. 

South African operations underpin Petra potential

By: andrew lanham It has been a long haul for chartered accountant Johan Dippenaar and his colleague, geologist Jim Davidson, from taking over a near-moribund diamond operation near Swartruggens in 1990, to being CEO of a successful mid-tier mining company today. 

Metorex to raise funds for R250m copper project

By: Martin Zhuwakinyu Diversified mid-tier mining company Metorex has announced that the circular pertaining to the fundraising for the R250-million Ruashi project has received JSE Securities Exchange approval. 

Metorex to raise funds for R250m copper project

Diversified mid-tier mining company Metorex yesterday announced that the circular pertaining to the fund raising for the R250-million Ruashi Project has received JSE Securities Exchange approval. 

Metorex to extract more value from Barberton buy

South African mid-tier mining company Metorex announced yesterday that the group was pushing ahead with two expansion projects and that it still believed significant value could be extracted from it Barberton Mines acquisition. 

Dehedging asphixiates gold options trade

The once frothy gold options market is drying up as mining companies comply with new hedge accounting rules and try to retain the confidence of investors still infuriated by the gold derivatives debacle four years ago. 

Avgold sells ETC assets for R300m

Diversified mid-tier mining company, Metorex, yesterday announced the purchase of Avgold's ETC assets for R300-million. 

Zambia reluctant to give mines more help

Zambia – The Zambian government's reluctance to grant concessions to Metorex’s Chibuluma mines, in that country, is hampering the company’s efforts to acquire further assets there. 

First new Copperbelt mine in 30 years

By: Martin Zhuwakinyu The first new mine to be developed on the Zambian Copperbelt in 30 years came on stream last week, creating about 100 jobs and boosting the country’s monthly copper-production capacity by 1 200 t. 

Listing opens up a world of project opportunities

By: System Author Metorex 

Long-term strategy achieved through listing

By: System Author Metorex 

R29m loss turned into profit

By: System Author Metorex 


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