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Universal Coal acquires stake in third operation

By: Nadine James     8th March 2018 ASX-listed Universal Coal has, through a 49% owned subsidiary, entered into an agreement to buy Exxaro Coal’s North Block Complex assets, in Mpumalanga. Universal and joint venture partner Ndalamo Resource have recently established a new company North Block Complex Proprietary Limited (NBC) to... 

Multimillion-rand processing plant reinvigorates the old Zincor Refinery 

By: Nadine James     7th March 2018 Vele Private Equity (VPE), a wholly owned subsidiary of Vele Investments, on Wednesday officially launched a multimillion-rand zinc processing plant aimed at processing one of four remaining tailing dumps at the old Zincor Refinery, in Springs, east of Johannesburg. The launch was attended by... 

Stage one of PTM's Maseve sale to RBPlat nearing conclusion

By: Simone Liedtke     14th February 2018 All remaining conditions precedent for Platinum Group Metals' (PTM's) sale of the Maseve concentrator plant and certain surface rights to Royal Bafokeng Platinum (RBPlat) have been fulfilled or waived. Stage one of the sale of Maseve Investments 11 to RBPlat will now proceed, with a $58-million... 

Maiden resource estimate declared for Kapunda copper project

By: Megan van Wyngaardt     12th February 2018 Terramin Exploration (TEL), a wholly owned subsidiary of Terramin Australia and its joint venture (JV) partner, Environmental Copper Recovery (ECR), have completed the maiden on site recovery (ISR) resource estimate for the Kapunda copper project, near Adelaide, South Australia. The JV is now... 

Bacanora proposes to domicile to the UK, delist from TSX-V

By: Simone Liedtke     9th February 2018 Lithium company Bacanora Minerals said on Friday that it would restart the process of changing its domicile of jurisdiction from Canada to the UK. The company had sought shareholder approval to effect the redomicile in September 2016, but failed to obtain the requisite approval. 

Kiziltepe beats feasibility forecasts – Ariana

By: Creamer Media Reporter      1st February 2018 The Kiziltepe gold and silver joint venture (JV) mine, in Turkey, has exceeded its feasibility study production forecast by 38% on gold-only basis, 50%-owner Ariana Resources reported on Thursday. The mine, in which Proccea Construction is the other JV partner, produced and sold 4 501 oz of gold... 

Gold juniors Minera Alamos, Corex Gold to merge

By: Henry Lazenby     31st January 2018 Junior mining companies Minera Alamos and Corex Gold have announced a merger of the two TSX-V-listed companies on Tuesday. The merger is expected to create a new entity with a market capitalisation of about C$50-million, with about C$6-million in cash on hand and holding a portfolio of three... 

Brazilian group sells stake in Angola diamond mine to help pay fines

By: Rebecca Campbell     26th January 2018 The sale of Brazilian group Odebrecht’s 16.4% stake in Angolan diamond mining company Sociedade Mineira de Catoca (Catoca Mining Company) to, and its redistribution between, the mine’s two main shareholders, has been approved by Angolan President João Lourenço. He signed the decree authorising... 

Argentina, Russia ink uranium exploration, production deal

By: Reuters     23rd January 2018 Argentina and Russia signed a memorandum of understanding to boost uranium exploration and production in the South American country that could include $250-million in investment, Argentina's foreign ministry said on Tuesday. The agreement was sealed during a visit by Argentine President Mauricio... 

Miners bolster senior ranks in preparation for fast-paced 2018

By: Henry Lazenby     16th January 2018 Several Canadian listed miners reported senior management changes on Tuesday. Marine mining hopeful Nautilus Minerals announced Tuesday that Tariq Al Barwani has been appointed to the role of nonexecutive chairperson. Al Barwani joined the board in May 2016. He is a director and shareholder of MB... 

Altus to acquire Legend Gold

By: Anine Kilian     21st November 2017 Aim-listed Altus Strategies has executed a definitive binding agreement to acquire TSX-V-listed Legend Gold, which holds a portfolio of prospective gold exploration projects in western and southern Mali. It has offered Legend shareholders three of its shares for every Legend share held. 

Reefton mine, New Zealand

By: Thabi Madiba     17th November 2017 A gold mine located about 7 km south-east of Reefton, in the West Coast region of New Zealand’s South Island. 

Indo Mines mulling bid from Rajawali

By: Esmarie Iannucci     10th November 2017 The board of Indo Mines has advised shareholders not to take any action regarding a proposed off-market takeover bid from PT Surya Langgeng. The Indonesian company, which is a wholly owned subsidiary of PT Rajawali Corpora, on Friday announced its intention to make an all-cash offer of 2c a... 

ASX-listed company shares views on new legislation

13th October 2017 ASX-listed Magnis Resources has received and reviewed initial legal advice on the new legislative amendments to the legal framework governing the mining and natural resources sector in Tanzania and its impact on the company’s activities in Tanzania. The legal advice confirms the in-country... 

Mkango raises £500 000

By: Anine Kilian     29th September 2017 Dual-listed Mkango Resources has started Phase 2 of its research and development programme with Metalysis and has raised £500 000 in a share placing to help fund the programme. "Mkango is now uniquely positioned in the rare earths sector and these very promising developments provide a strong... 

African copper, nickel mines on Coal India radar as miner diversifies

By: Ajoy K Das     18th September 2017 Having decided to evolve into a diversified resource major from a pure play coal miner, Coal India Limited (CIL) has identified copper and nickel mines in Africa for its maiden overseas foray into noncoal minerals. KPMG has been appointed to prepare the roadmap that will see CIL emerge as a... 

thyssenkrupp Industrial Solutions South Africa

1st September 2017 Diversified industrial group thyssenkrupp has extensive experience in materials handling and minerals processing circuits, and the service support of its own manufactured equipment.  A fully owned subsidiary of thyssenkrupp, headquartered in Essen, Germany, thyssenkrupp Industrial Solutions South... 

Zeta launches takeover bid for New Zealand Oil & Gas

By: Mariaan Webb     10th August 2017 ASX-listed investment firm Zeta Resources has launched a partial offer for New Zealand Oil & Gas (NZO), which, if successful, will give the company majority control. Zeta is the takeover target’s largest shareholder and said on Thursday that it intended to offer other shareholders 72c a share. 

Sandstorm Gold sees slight increase in Q2 production, revenue

By: Anine Kilian     4th August 2017 Canadian gold streaming and royalty company Sandstorm Gold has reported a slight increase in attributable gold equivalent production and revenue for the second quarter of 2017. The company attributed this to increases from the company's silver and copper stream from the Chapada mine in Brazil, as... 

Caeté mining complex, Brazil

By: Sheila Barradas     4th August 2017 A gold mining complex in the state of Minas Gerais, Brazil, 50 km east of Belo Horizonte. 

Gold Fields sells Australian gold mine

By: Martin Creamer     3rd August 2017 A wholly owned subsidiary of the Australian Stock Exchange-listed mining company Red 5 has bought the Darlot gold mine in Western Australia from South Africa’s Gold Fields for A$18.5-million. In the past three years, Darlot produced more than 241 000 oz of gold. 

New R1.7bn Gauteng fluorspar mine to rank in bottom cost quartile

By: Mia Breytenbach     28th July 2017 The new R1.7-billion Nokeng fluorspar mine near Rust de Winter, in Gauteng, the development of which started last month, was expected to lead in terms of production volume and quality, and rank “in the bottom cost-quartile when it reaches full production in 24 months”, said SepFluor CEO Rob... 

New local fluorspar mine set to lead globally in production volume, quality and cost

By: Mia Breytenbach     18th July 2017 The new R1.7-billion Nokeng fluorspar mine in Gauteng, the development of which got under way last month, is expected to lead in terms of production volume and quality, and to rank “in the bottom cost quartile when it reaches full production in 24 months”, says SepFluor CEO Rob Wagner. Speaking... 

Lithium Americas inks investment agreement with Thai energy company

By: Samantha Herbst     18th July 2017 Niche minerals company Lithium Americas has closed an investment agreement with BCP Innovation, a wholly owned subsidiary of Thai energy company Bangchak Corporation Public Company, in which the latter has agreed to provide Lithium Americas with an aggregate of $113-million to fund a portion of... 

Ivanhoe's Congo success follows deals with President's brother

By: Bloomberg     18th July 2017 In the two decades since billionaire mining investor Robert Friedland founded Ivanhoe Mines, his small team has made some of the biggest mineral discoveries in the world. In the Democratic Republic of Congo, it has done so while trading and contracting with companies controlled by one of... 

EPA considers cancelling Clean Water Act veto on debated Pebble project, Alaska 

By: Henry Lazenby     12th July 2017 The US Environmental Protection Agency (EPA) has issued a pre-publication federal register notice to withdraw the July 2014 Clean Water Act (CWA) Section 404(c) proposed determination, which would have pre-emotively imposed restrictions on the discharge of dredged or fill material from the Pebble... 

Work starts on R1.7bn fluorspar mine 

By: Martin Creamer     10th July 2017 Work has begun on the building of an opencast fluorspar mine and concentrator at Rust de Winter, 80 km northeast of Pretoria, Nokeng Fluorspar Mine announced on Monday. The wholly owned subsidiary of SepFluor said that the R1.7-billion finance for the 21-month project had been raised through a... 

Northam Platinum receives approval to remove Khumama as guarantor

By: Megan van Wyngaardt     7th July 2017 Platinum miner Northam Platinum on Friday said 97.7% of all noteholders under its R2-billion domestic medium-term note programme approved a proposed amendment to its noteholders’ guarantee agreement. The amendment and restatement of the existing applicable pricing supplements and the schedules... 

Sandstorm completes Turkish takeover, gains Hot Maden

By: Megan van Wyngaardt     4th July 2017 Dual-listed gold streaming and royalty firm Sandstorm Gold has completed its $175-milion acquisition of Australian gold explorer Mariana Resources, which has now become a wholly owned subsidiary. The total consideration paid included 32.83-million new Sandstorm shares issued and a cash... 

Moz benefiting from mining-sector exports, coal now dominant mineral

By: Keith Campbell     30th June 2017 Montepuez Ruby Mining (Montepuez) has announced that it achieved revenues of $54.8-million from its latest ruby auction, in Singapore. Montepuez mines rubies and corundum in the Montepuez district of Mozambique’s Cabo Delgado province. The company is 75%-owned by UK enterprise Gemfields and 25%-... 

Lithium X consolidates flagship Sal de los Angeles project

By: Henry Lazenby     29th June 2017 Canadian explorer Lithium X has signed a definitive agreement with Aberdeen International to acquire the remaining 50% interest in Potasio y Litio de Argentina (Plasa), which holds the company’s flagship Sal de los Angeles project, in Argentina. "This transaction marks another milestone for... 

Contract underpins ‘ongoing commitment’ to developing services

9th June 2017 Integrated logistical solutions provider Grindrod Mauritius believes it is well positioned to assist with logistics services for the Balama graphite project, in Mozambique, owing to its long operational history in the country with regard to land transport coordination, agency services and port... 

Sibanye provides $200m financial assistance to Thor US Holdco

By: Natasha Odendaal     5th June 2017 JSE- and NYSE-listed Sibanye Gold on Monday announced that it would provide $200-million in financial assistance to indirectly wholly owned subsidiary Thor US Holdco. The gold miner’s $200-million advance will enable US platinum producer Stillwater Mining Company (SWC), which is a wholly owned... 

Copper miner appoints new COO

By: Nica Schreuder     2nd June 2017 Copper miner Katanga Mining has appointed Deon Garbers its new COO, the TSX-listed company reports in its results for the three months ended March 31. This followed the resignation of COO Don Peterson last year to pursue other opportunities. 

Vale’s Moatize coal sets production records

By: Keith Campbell     12th May 2017 The Moatize coal mine in the Tete province of Mozambique set a new quarterly production record during the first quarter of this year (1Q17), pushed by two monthly production records, set in January and March. Moatize is owned and operated by Vale Mozambique, the local, predominantly-owned... 

Precious metals streaming pioneer Silver Wheaton morphs into Wheaton Precious Metals

By: Henry Lazenby     11th May 2017 Following its annual general meeting on Wednesday, shareholders elected to change the name of the pioneer of the precious metals streaming model, Silver Wheaton, to Wheaton Precious Metals. The change of name is effective immediately, and the company’s wholly owned subsidiary, Silver Wheaton... 

Despite slower growth, China still key market for miners and Africa

By: Keith Campbell     21st April 2017 There can be no doubt that, for the past two decades-and-a-half or so, the biggest single influence on the global mining industry has been China. Between 2002 and 2012, that country experienced an annual average real gross domestic product (GDP) growth rate of 10.4%, compared with India’s 7.6%,... 

Despite slower growth, China still key market for miners and Africa

By: Keith Campbell     21st April 2017 There can he no doubt that, for the past two decades-and-a-half or so, the biggest single influence on the global mining industry has been China. Between 2002 and 2012 that country experienced an annual average real gross domestic product (GDP) growth rate of 10.4%, as against India’s 7.6%, the... 

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