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AfriTin remains focused on Uis development

By: Creamer Media Reporter      13th July 2018 Aim-listed AfriTin Mining remains focused producing the first tin concentrate at its Uis mine, in Namibia, in the second half of this year. CEO Anthony Viljoen noted in a statement on Friday that there are many initiatives the company plans to complete at the mine in the short to medium term. 

Mining can be a major driver of development in poor countries – ICMM

By: Marleny Arnoldi     10th July 2018 The lives of people living in countries whose economies are dependent on mining have, on average, improved faster than those of people in other countries over the past 20 years, a report by the International Council of Mining and Metals (ICMM) has found.  

Moody’s warns of credit implications for Africa as China shifts to consumption-led growth

By: Simone Liedtke     3rd July 2018 China's shift to consumption-led growth will have mixed credit implications for African sovereigns, flattening the trade volumes of oil and ferrous metal exporters, while benefitting other exporters and tourist destinations, Moody's Investors Service said in a report published on Tuesday. "China... 

B2Gold increases exploration budget at Fekola North

By: Simone Liedtke     29th June 2018 TSX-listed B2Gold has increased the exploration budget for the Fekola North Extension zone, in Mali, based on positive exploration drill results, by $3.9-million, to accelerate the current programme, which is extending and infilling mineral resources to the north of the main Fekola deposit. The... 

Company poised to capitalise on burgeoning grease market

By: Tasneem Bulbulia     29th June 2018 Lubricants specialist FUCHS Lubricants South Africa (FUCHS SA) expects that the demand for high-quality greases will grow “significantly” in all spheres of the market, and is, therefore, equipped to meet and exceed the mining market’s requirements for this through its newly commissioned grease... 

South Africa to align energy plans with SADC gas master plan

By: Terence Creamer     26th June 2018 Energy Minister Jeff Radebe has promised greater alignment between South Africa’s energy plans, included the new Integrated Resource Plan (IRP) for electricity, with a regional gas master plan, which is currently under development within the the 16-country Southern African Development Community... 

Phase 1 processing plant testwork proves positive for AfriTin’s Namibia mine

By: Marleny Arnoldi     25th June 2018 Aim-listed AfriTin Mining has completed additional dense medium separation testwork for the upgraded Phase 1 processing plant at its Uis tin mine, in Namibia.  

Expansion strategy advances local company

By: Paige Müller     22nd June 2018 Amid a shrinking South African mining market, Vereeniging-based furnaces and industrial services provider Dickinson Group of Companies states that an extensive focus on extending its service offerings to the international market has been a key strategic success that has insulated the company... 

Canadian project generator seeks to expand base metal/gold holdings

By: Creamer Media Reporter      18th June 2018 Mineral exploration project generator Rainy Mountain Royalty, which acquires early stage exploration projects and deliver them drill target ready to joint venture (JV) partners, is considering opportunities outside Canada, the TSX-V-listed company has revealed. In a news release issued on... 

Rapid dewatering pumps ensure safer diamond mining

By: Erin Steenhoff-Snethlage     15th June 2018 Germiston-based pumps supplier Centex Africa has supplied 13 dewatering pumpsets, with another eight pumpsets on order, to Namibian diamond mining company Namdeb to prolong the life of the mine by ensuring the safer mining of diamonds in the ocean water lakes in Oranjemund, on the southern coast... 

Weatherly increases Carn ownership to 90%

By: Marleny Arnoldi     13th June 2018 Aim-listed copper miner Weatherly International has received regulatory approval from the Namibian Competition Commission for its acquisition of a further 65% interest in China Africa Resources Namibia (Carn) from Hong Kong East China Non-Ferrous Mineral Resources.  

Botswana coal miner sees opportunity in regional shortages

By: Bloomberg     11th June 2018 Botswana’s sole operating coal mine will increase output almost threefold within seven years as it eyes export opportunities created by a shortage of the fuel that’s used to fire most of southern Africa’s power plants. Morupule Coal Mine in the east of the country will ramp up annual production... 

Bannerman raises A$8m for Etango

By: Esmarie Swanepoel     8th June 2018 Uranium developer Bannerman resources will raise A$8-million through the placement of more than 173.9-million shares to institutional and sophisticated investors. The placement will be priced at 4.6c a share, representing a 9.2% discount to the company’s ten-day volume weighted average price. 

Worldwide Orders Make For Bullish Mood

4th June 2018 Condra has received an order for a further overhead crane from Kamoto Copper Company, the copper and cobalt mine in the south of the Democratic Republic of Congo. It is the eighth machine to be ordered by Kamoto Copper from Johannesburg-headquartered Condra in just over a year and, like its... 

AfriTin starts civil construction works on Uis mine’s processing plant

By: Simone Liedtke     4th June 2018 Phase 1 of the civil works construction on the processing plant at Aim-listed AfriTin Mining’s flagship Uis mine, in Namibia, is targeted for completion in the third quarter of this year. Phase 1 is designed to process 500 000 t/y. 

Weatherly shares suspended as water ingress at Tschudi creates uncertainty

By: Anine Kilian     1st June 2018 Aim-listed Weatherly International has requested a suspension in the trading of its shares, effective Friday, owing to the uncertain position of its Namibia-based Tschudi mine, as a result of significant water ingress.  The Tschudi openpit mine had recently experienced a rapid increase in... 

Trevali appoints new CFO

By: Anine Kilian     31st May 2018 Gerbrand van Heerden has been appointed CFO of zinc-focused base metals company Trevali, taking over from outgoing CFO Anna Ladd-Kruger, effective June 1. “Van Heerden’s extensive base metals and finance experience will provide a solid foundation to the company as it continues to evolve into a... 

Namibia Rare Earths changes name to reflect broader commodity base

By: Anine Kilian     30th May 2018 TSX­-V-listed Namibia Rare Earths has changed its name to Namibia Critical Metals. “The company changed its name to more accurately reflect the recently expanded commodity base from solely rare earths to include a variety of highly critical commodities, including cobalt, copper, vanadium, zinc,... 

B2Gold opens 7 MW solar farm at Namibia mine

By: Marleny Arnoldi     30th May 2018 Gold producer B2Gold Namibia on Wednesday celebrated the opening of the B2Gold Otjikoto solar farm, in the Otjozondjupa region.  

Paladin mothballs Namibia uranium mine

By: Esmarie Swanepoel     25th May 2018 Dual-listed Paladin Energy on Friday confirmed that its Langer Heinrich uranium mine, in Namibia, was being placed on care and maintenance, but said that the low-cost openpit operation would be one of the first to resume production when the uranium market normalised. Paladin in April said that... 

Electric vehicles seen driving cobalt crunch by mid-2020s

By: Reuters     25th May 2018 The increasing popularity of electric vehicles may create a crunch for supplies of cobalt in the early-to-mid 2020s, miners and analysts say, adding that small operators trying to start up mines outside Africa could play a bigger role over time in satisfying demand for the metal used in... 

Stable first-quarter results for zinc, lead

By: Nadine James     25th May 2018 The first quarter of 2018 (Q1) saw marginal increases in demand and supply of both zinc and lead metal, according to a report compiled by the International Lead and Zinc Study Group (ILZSG). In the report, released last week, the organisation noted that demand for refined zinc metal increased by... 

AfriTin seeks to raise £5.5m in share placement

By: Marleny Arnoldi     23rd May 2018 Aim-listed tin development company AfriTin Mining hopes to raise £5.5-million in an accelerated bookbuild to fast-track the work programme at its flagship Uis mine, in Namibia.  

Gamsberg producing by mid-year – Vedanta

By: Martin Creamer     23rd May 2018 The Gamsberg zinc project in South Africa’s Northern Cape is on track with production expected by the middle of this year, the London-listed, India-rooted Vedanta Resources said on Wednesday, when it reported higher revenue and profits and lifted its dividend yield for the year to 6%. Current... 

Revival of Zambia mining industry demands fuel industry overhaul

18th May 2018 While the mining industry in Zambia is currently looking healthy – owing in part to the surge in demand for cobalt to produce lithium-ion batteries – it is crucial that the country’s fuel industry keeps pace with the upswing in industrial output and changing market demands, says independent... 

Desert Lion sets price for flotation plant development in Namibia

By: Simone Liedtke     17th May 2018 The Phase 1 flotation plant at TSX-listed Desert Lion Energy’s Namibian lithium operations is estimated to cost about C$7-million. The plant, with a processing capacity of between 350 000 t/y and 400 000 t/y, will be used to process the fines from the historic run-of-mines stockpiles at Desert... 

Vedanta appoints Deshnee Naidoo as Africa Base Metals CEO

By: Simone Liedtke     16th May 2018 Deshnee Naidoo has been appointed as CEO of Vedanta Resources’ Africa Base Metals, an entity through which its zinc and copper assets in South Africa, Zambia and Namibia will be managed. Naidoo’s appointment signals Vedanta group’s ongoing commitment to enhancing its African operations and is... 

Trevali revenues rise 187%, Q1 earnings miss on Perkoa freight timing

By: Henry Lazenby     11th May 2018 Pureplay zinc producer Trevali Mining has reported adjusted earnings a share of $0.04, missing average analyst earnings forecasts by a penny, on lower-than-expected sales from the Perkoa mine, in Burkina Faso, mainly owing to freight timing at the Port of Abidjan, in Côte d’Ivoire.... 

On-The-Air (11/05/2018) 

By: Martin Creamer     11th May 2018 The big new Indian shareholder in Anglo American is calling on the London-listed company to accentuate its South Africa link. Africa’s most successful gold mining company this week warned that gold mining is running the risk of becoming an irrelevant investment destination. Mapungubwe head Joel... 

Marenica adds to Namibia uranium portfolio

By: Esmarie Swanepoel     10th May 2018 ASX-listed uranium company Marenica Energy has struck a deal with fellow listed Metals Australia to acquire the Mile 72 uranium project, in Namibia. Under the terms of the agreement, Marenica will pay A$30 000 in cash and a preferential dividend of 1% of gross production from the project.  

Agarwal encouraging Anglo to accentuate South Africa link

By: Martin Creamer     9th May 2018 Indian mining billionaire Anil Agarwal is encouraging Anglo American – in which he now holds more than 21% – to accentuate its link with South Africa, where the Vedanta Resources company he founded and chairs is successfully turning to highly positive account the zinc assets that Anglo walked... 

Namibia Rare Earths stock jumps on Kunene cobalt/copper campaign

By: Henry Lazenby     8th May 2018 The TSX-V-listed stock of Canadian explorer Namibia Rare Earths (NRE) on Monday jumped nearly 20% to C$0.335 a share following news that the company is gathering momentum with a planned exploration campaign over its early-stage Kunene cobalt/copper play, in Namibia’s northern desert. “We are in... 

De Beers reports significant increase in diamond production

By: Rebecca Campbell     4th May 2018 Diamond group De Beers has reported that its total production had increased by 15% to 8.5-million carats during the first quarter of this year (1Q18). This rise in output was largely credited by the Group to the ramp-up in production at the Gahcho Kué project in Canada and greater production at... 

Glencore Q1 global production in line with full-year guidance

By: Marleny Arnoldi     3rd May 2018 Diversified miner Glencore on Thursday reported that its production for the first quarter was largely in line with expectations across all commodity groups and that its full-year guidance remains unchanged.  

Celsius raises cash for Namibia cobalt studies

By: Esmarie Swanepoel     3rd May 2018 ASX-listed Celsius Resources will raise A$9-million to accelerate feasibility studies at its Opuwo cobalt project, in Namibia. The company on Thursday said that it has completed a bookbuild for the issue of 48.6-million shares, at an issue price of 18.5c each, to institutional and professional... 

Feasibility into zinc smelting, refining in Northern Cape

By: Martin Creamer     2nd May 2018 A feasibility study into the development and construction of a zinc smelter-refinery complex in the Northern Cape is under way, London-listed India-based Vedanta subsidiary Vedanta Zinc International (VZI) said on Wednesday. This is the latest step in the unfolding of what is envisaged as a major... 

Weatherly’s shares fall as it appoints more financial advisers to review possible sale

By: Marleny Arnoldi     26th April 2018 Aim-listed copper miner Weatherly International’s share price on the LSE fell by nearly 70% on Thursday after it announced the appointment of additional financial advisers to review strategic alternatives for the company, including its potential sale.  

Paladin moves to mothball Namibia uranium mine

By: Esmarie Swanepoel     26th April 2018 Uranium miner Paladin Energy on Thursday announced that it was unlikely to resume physical mining activities at its Langer Heinrich operation, in Namibia, and has taken preparatory steps to place the operation on care-and-maintenance. Paladin previously told shareholders that the medium-grade... 

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