Cameco not likely done with M&A yet, analysts say

Cameco’s announcement this week that it is paving the way to raise up to $1-billion has sparked speculation the Canadian uranium giant may be preparing for a large takeover. TSO & Associates analyst Terence Ortslan said on Friday there are...

Minemakers CEO open to ‘all options’ as talks with UCL continue

The newly appointed CEO of ASX- and TSX-listed Minemakers, Cliff Lawrenson, has told shareholders that he would continue to engage with joint venture (JV) partner UCL to see if a “fair deal” could be agreed upon for the development of the...

Africa

Tenders for work in the rest of Africa excluding South Africa

Contract mining in SA alive and well

The need for contract mining is abundant and will remain so as long as the mining industry requires skills that are not available in-house, with mining houses expected to rely more on outsourcing when starting new operations, says explosives...

Eskom leans on incentives, voluntary savings as buy-backs near end

The power buy-back scheme instituted for large customers by Eskom, in December, will expire at the end of May, following which the State-owned utility will rely mainly on its demand market participation (DMP) and demand response aggregator (DRA)...

Minemakers board rejects UCL offer

The directors of ASX- and TSX-listed Minemakers have unsurprisingly advised shareholders to reject a counter-takeover offer from joint venture (JV) partner UCL Resources. At the end of last week, UCL launched a takeover offer from Minemakers,...

Africa

Tenders for work in the rest of Africa excluding South Africa

Chamber optimistic for 2012, despite challenges of previous year

Chamber of Mines of Namibia GM Veston Malango is optimistic that Namibia’s mining sector will perform better in 2012 compared with last year, which saw the world review the safety of nuclear power stations and corresponding market reactions...

Company reports 2011 drilling results for Namibian project

Gold exploration company Helio Resource has finalised results from its 2011 drill programmes on the Gold Kop and Leatherman targets, at its Damara Gold Project (DGP), in Namibia, which indicate significant intercepts.

Developments in Namibian mining indicate growth of sector

The Namibian Minister of Environment and Tourism has given environmental clearance to Australia-based uranium explorer Deep Yellow for its 95%-owned Shiyela iron-ore project.



Diamond miner announces $3m financing agreement

TSX-listed diamond miner Afri-Can Marine Minerals, which is involved in the acquisition, exploration and development of major properties in Namibia, says it has entered into a financing agreement with fund manager Trinity Asset Management...

Gearboxes for 
Namibian mine

Gearbox technology provider Hansen Transmissions South Africa (HTSA), which is a subsidiary of Belgium-based Hansen Industrial Transmissions, has supplied seven gearboxes to a South African mining technology company for a mine in Namibia.