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Pallinghurst share price leaps on value unlock outline

By: Martin Creamer     19th May 2017 The share price of mining investment fund Pallinghurst leapt in Johannesburg after the company outlined its plans to swop its investment fund shawl for a diversified miner’s mantle, unlock value through full absorption of its coloured gemstone associate and target a possible listing of the... 

ASA reports mixed Q4 performance

By: Megan van Wyngaardt     19th May 2017 Aim-listed ASA Resource Group on Friday reported an increase in earnings before interest, taxes, depreciation and amortisation to $20.5-million for the fourth quarter ended March 31, against a loss of $300 000 in the three months to March 31, 2016. This improvement came despite lower production... 

Authorities 'rely heavily' on info from illegal miners after gas explosion

By: News24Wire      19th May 2017 Authorities say they have relied heavily on the information from illegal miners at Harmony Gold’s Eland mine in Welkom, Free State, after a gas explosion on Thursday last week. Major General Lerato Molale said on Friday that the search was still continuing. 

Zimbabwe plans 'use it or lose it' mine-permit programme for gold

By: Bloomberg     19th May 2017 Zimbabwe may confiscate unused mining licenses from companies and liberalize gold trading as ways to boost output. Large mines are “sitting on lots of unused claims,” the southern African country’s Chamber of Mines said in a document outlining initiatives of the proposed Command Mining program.... 

On-The-Air (19/05/2017) 

By: Martin Creamer     19th May 2017 Zimbabwe’s Ministry of Mines has fallen in love with South Africa’s new platinum technology, which it is adopting, lock, stock and barrel; The Royal Mint this week announced the production of its first platinum products; and Financial problems have forced a second South African diamond mine to be... 

New cost-slashing platinum technology gaining impressive momentum

By: Martin Creamer     18th May 2017 The new cost-slashing, time-saving, capital-unlocking, mine-broadening and cobalt-saving platinum technology, driven by diversified mining company Pallinghurst and South Africa’s State-owned Industrial Development Corporation (IDC), is gaining impressive international momentum as an initiative... 

Search continues for more illegal miners trapped at Welkom mine

By: News24Wire      18th May 2017 The search for the bodies of more illegal miners is continuing at Harmony Gold’s Eland mine in Welkom, Free State, after a gas explosion on Thursday last week. Major General Lerato Molale said on Thursday that police believed there were more miners underground. 

Zimbabwe plans $200m platinum refinery with Australia's Kelltech

By: Reuters     17th May 2017 Zimbabwe is planning to build a $200-million platinum refinery next year in a joint venture with Australia's Kelltech, the Mines Minister said on Wednesday. The Southern African nation holds the world's largest deposits of platinum after South Africa and has been pushing mining firms operating in... 

Mining resumes at Blanket mine following fatality

By: Megan van Wyngaardt     15th May 2017 Mining activities at a section of TSX- and Aim-listed Caledonia Mining’s Blanket mine, in Zimbabwe, resumed on Monday morning. All activities at the Eroica orebody, which contributed 10% of production in the first quarter, had been halted at the weekend, pending a full risk assessment and on site... 

Drill the SmartROC way

     12th May 2017 Atlas Copco’s automated SmartROC Down-The-Hole and Top Hammer drill rigs have transformed the drilling procedure. Equipped with smart technology, these rigs help to drive down operational and maintenance costs, drive up efficiencies, increase safety and reduce carbon footprints for sustainable... 

Caledonia lifts Q1 production, earnings

By: Megan van Wyngaardt     11th May 2017 Increased tonnes milled, higher grades and improved recoveries have lifted the first-quarter production of Caledonia Mining’s Blanket mine, in Zimbabwe, to 12 794 oz from the 10 822 oz produced in the first quarter of last year. CEO Steve Curtis highlighted that the increased production also... 

Palladium set to overtake platinum – GFMS

By: Martin Creamer     9th May 2017 The palladium price is poised to exceed the platinum price for the first time since 2001, Thomson Reuters said on Tuesday with the publication of its GFMS Platinum Group Metals Survey 2017. The price gap between platinum and palladium – which averaged just over $1 000/oz between 2007 and 2012 –... 

Precipitous platinum price plunge putting industry at risk 

By: Martin Creamer     5th May 2017 This week’s precipitous platinum price plunge to as low as $893/oz is putting the entire platinum industry at risk, making it essential that steady hands are placed on the tiller to ensure that a national patrimony is protected. While the entire industry has been accepting a lower-for-longer... 

Caledonia declares dividend, increases gold output 18% year-on-year

By: Ilan Solomons     5th May 2017 Caledonia Mining Corporation, in line with its dividend policy, has declared a dividend of  $0.01375 on each of the company’s common shares. Caledonia CEO Steve Curtis points out that notwithstanding a record level of capital investment in 2016 and the continued volatility in the gold price, the... 

Claim ownership-related disputes costing Zim gold miners $5m each month

By: Oscar Nkala     5th May 2017 Small-scale gold miners in Zimbabwe are incurring an estimated $5 million each month in lost production, owing to disputes over the ownership of mining claims. In terms of the Mines and Minerals Act, no mining can take place on a disputed mining claim until the issue of its ownership is resolved.... 

Premier African Minerals ships first wolframite from RHA mine

By: Megan van Wyngaardt     3rd May 2017 The commissioning of Aim-listed Premier African Minerals’s RHA tungsten mine, in Zimbabwe, is on track, with the first shipment of wolframite concentrate completed at the start of this month.  CEO George Roach on Wednesday noted that the plant’s X-ray transmission sorter was exceeding... 

ASA Resources appoints new board, management members to improve group structure

By: Megan van Wyngaardt     2nd May 2017 Following the recent dismissal of its CEO and FD over alleged financial irregularities, Aim-listed ASA Resource Group, is further consolidating its structure. This encompassed the removal of nonexecutive director Yuan Hu Ching, an appointee of China International Mining Group Corporation (CIMGC),... 

Mark Davis

By: Ilan Solomons     28th April 2017 This week we feature Mark Davis, the CEO of Master Blaster, a company that provides alternative blasting solutions to the mining industry 

Mining consulting outlook stable to positive – consultancy

By: Nadine James     28th April 2017 The short-term outlook for the mining consulting industry is “stable to positive”, says SRK Consulting, a firm of consulting engineers and scientists. SRK partner and principal consultant Andrew van Zyl stresses that the South African economy is still in a transitional phase which – combined with... 

Zimplats doubles profit through T-bills rather than platinum sales

By: Reuters     26th April 2017 Zimbabwe's largest platinum producer Zimplats reported a surprising profit leap on Wednesday despite declines in sales and revenue, with third-quarter earnings lifted by sales of treasury bills rather than metal. Zimplats, owned by Impala Platinum, more than doubled its third-quarter profit to... 

Job losses loom at troubled Marula – Implats

By: Martin Creamer     26th April 2017 Despite ongoing engagement between all stakeholders to restore operational continuity and secure the financial sustainability of the Marula platinum operation, continued community protest action and persistently low metal prices have now necessitated a fundamental restructuring of the business to... 

Now US shareholders give nod to Sibanye deal

By: Martin Creamer     26th April 2017 The requisite majority of Stillwater shareholders in the US have approved the acquisition by Sibanye of the entire issued share capital of Stillwater Mining Company. The voting took place a day after Sibanye shareholders gave their overwhelming approval to the transaction that is expected to... 

Sibanye’s Stillwater buy wins strong shareholder support

By: Martin Creamer     25th April 2017 Shareholders have voted overwhelmingly in favour of Sibanye acquiring Stillwater, the US platinum group metals (PGMs) company. The number of shares that voted in favour of the proposed deal made up 83% of Sibanye’s total issued share capital. 

Blanket’s Central shaft sinking on schedule

     21st April 2017 The Central shaft at the Blanket gold mine, in Zimbabwe, remains on track to reach a target depth of 1 080 m by 2018 and is the key enabler of mining company Caledonia Mining’s longer-term life-of-mine plan at Blanket, says CEO Steve Curtis. 

Sibanye wins US thumbs up for Stillwater acquisition

By: Martin Creamer     18th April 2017 Precious metals mining company Sibanye has received unconditional approval from the Committee on Foreign Investment into the United States on the proposed acquisition of platinum group metals mining company Stillwater, which mines and processes the metals in Montana. Johannesburg- and New... 

Ian Daymond

By: Martin Creamer     14th April 2017 This week we feature Ian Daymond, nonexecutive chairperson of Mustang Resources, a company engaged in ruby and graphite exploration and development in Mozambique 

Mobile power plants mooted as solution to African mines’ electricity woes

By: Ilan Solomons     14th April 2017 One of the main topics of discussion at the recent 2017 Mining Indaba revolved around power supply to mines on the continent. With official power distribution grids only covering around 40% of Africa, a substantial number of mining operations are responsible for their own power generation, says... 

Providing strong leadership against backdrop of achievement

By: Martin Creamer     7th April 2017 Full Name: Bennetor Magara Position: CEO of Lonmin since July 1, 2013 

Implats wins $16m claim in US recycler default fraud case

By: Martin Creamer     4th April 2017 Platinum-mining company Implats has won a $16-million claim for constructive fraudulent transfer during the insolvency in the US of a former recycler of autocatalyst materials, which had a long-standing association with Impala Refining Services (IRS). Johannesburg Stock Exchange-listed Implats... 

New cost-slashing platinum technology ready to roll – Pallinghurst

By: Martin Creamer     31st March 2017 JOHANNESBURG (miningweekly.com) – Years of diligent research and development have paid off for Pallinghust group platinum mine Sedibelo, which is now ready to implement an amazing new technology that will send platinum processing costs tumbling down the cost curve, use a fifth of the electricity... 

Opportunities aplenty for S Africa-based contractor

By: Nadine James     31st March 2017 African buildings manufacturer Kwikspace Modular Buildings will supply a construction camp and site offices valued at R20-million for a Guinean gold project by mid-2017. Kwikspace business development executive Nick Alexander says the 1 400 m2 project includes accommodation for 120 personnel,... 

Eskom to fast-track socioeconomic assessments for five coal stations facing closure 

By: Terence Creamer     30th March 2017 Public Enterprises Minister Lynne Brown has called on Eskom to urgently complete socioeconomic impact assessments for its coal-fired power stations in Mpumalanga, five of which having been earmarked for decommissioning over the coming five years, owing to flat demand and the introduction of new... 

‘Barometer’ provides assessment of mineral resources industry transparency

By: Ilan Solomons     24th March 2017 Governments are challenged with creating new approaches to governance that enable them to better exploit the developmental potential provided by mineral resources. It is therefore imperative that countries establish regulatory frameworks and State capacity to ensure that mining activities are... 

Pioneer reports caesium resource at Dome

By: Esmarie Swanepoel     22nd March 2017 The Sinclair caesium zone, within the Dome lithium-caesium-tantalum project, in Western Australia, has been estimated to host some 10 500 t of caesium ore with a grade of 17.1% caesium oxide. Owner Pioneer Resources has told shareholders that the mineral resource was defined following 22 reverse... 

Premier completes installation of XRT sorter at RHA mine

By: Megan van Wyngaardt     17th March 2017 Aim-listed Premier African Minerals has completed the installation of an X-ray transmission (XRT) sorter at its RHA tungsten mine, in Zimbabwe. The company is optimising and integrating the sorter into the mine’s crushing circuits. 

Caledonia targeting higher output, lower costs at Zim mine

By: Ilan Solomons     17th March 2017 Southern Africa-focused gold miner Caledonia Mining Corporation aims to have its Blanket gold mine, in Zimbabwe, produce 60 000 oz of gold at all-in sustaining costs (AISCs) of between $810/oz and $850/oz this year, says corporate development VP and investor relations manager Maurice Mason.... 

Vast Resources expects Pickstone-Peerless output to double as processing plant progresses

By: Megan van Wyngaardt     15th March 2017 Aim-listed Vast Resources on Wednesday said it is targeting first sulphide production at its Pickstone-Peerless gold project, in Zimbabwe, for the third quarter of this year, following significant progress being made with the construction of a sulphide processing plant. This will enable... 

Vast appoints new COO

By: Anine Kilian     13th March 2017 Aim-listed Vast Resources has appointed Craig James Harvey COO. He has been a consultant to Vast as chief geologist since 2013 and has delivered a number of milestone achievements for the company, including the completion of a maiden Joint Ore Reserves Committee-compliant resource estimate at the... 

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