First blast at new Kalahari manganese project

The first blast took place on last week at the new R1.5-billion Kudumane manganese mining project near Hotazel in the Northern Cape.

Mineral Resources Minister Susan Shabangu conducted the official opening of what is the fourth new...

London copper slips to 4-month low on Greece woes

London copper fell to a four-month low on Wednesday, extending losses to a fourth consecutive session, as investors continued to shy away from riskier assets with the Greek political malaise threatening to plunge Europe into a deeper financial...

First Quantum raises $1bn to fund Kansanshi

Vancouver-based First Quantum Minerals said on Monday it raised $1-billion in debt through five-year term and revolving facilities with a group of banks. The TSX- and LSE-listed company said it would use the money to fund an expansion at its...

Inter-Citic rebuffs takeover offer, shares climb

Toronto-quoted Inter-Citic Minerals on Thursday said it rejected a preliminary bid from an unnamed “large Chinese mining company” to buy it for a premium as high as 90% to its close on Wednesday. Inter-Citic said a board special committee...

Miners initiate ‘talks’ amid Zimbabwe indigenisation fallout

A number of mining companies with operations in Zimbabwe have confirmed that they have initiated discussions with the Southern African country’s government after receiving letters on August 17 rejecting their ‘Indigenisation Plans’. Youth...

Copper hits three-mth high, demand hopes boost

Copper rose on Thursday to its highest in nearly three months as expectations of increasing demand from top consumer China and upbeat employement data from the United States, the world's largest economy, boosted market sentiment. A strong trigger...

Avocet mulls options for SE Asian mines, decision by year-end

Gold producer Avocet Mining is reviewing the strategic options for its operations in Malaysia and Indonesia, including a potential sale of the assets, and expects to make a decision by the end of the year, CEO Brett Richards said on Monday. The...

Pilanesberg platinum mine, South Africa

Platmin plans to increase production at its Pilanesberg platinum mine to 12 000 oz/m of three platinum-group elements and gold by December this year.

Ivanhoe adds to 'core lender' group for $4,6bn Mongolia mine

Vancouver-based Ivanhoe Mines has appinted BNP Paribas, Standard Chartered and Export Development Canada (EDC) to complete its core lender group of five financial institutions that will lead the arrangement of a project finance debt package for...

Gold bounces from 2-week low; ETF holdings slip

Gold regained some strength on Thursday after falling to its lowest in nearly two weeks the previous day, although poor technicals and failure to sustain recent gains may spur selling, traders said. Bullion has seen a series of corrections since...

Banro expects to secure finance for DRC gold mine by June '10

Canadian gold junior Banro Corporation hopes to conclude a process to arrange debt finance for its Twangiza project, in the Democratic Republic of Congo, by early June 2010, the company said on Monday. Banro announced in September it had...

Banro hires Standard Chartered to advise on debt for DRC gold project

Canada-based, Africa-focused gold hopeful Banro has appointed Standard Chartered as the exclusive debt-finance adviser for the company's Twangiza project, in the Democratic Republic of Congo. Banro announced last month it would buy a refurbished...