R/€ = 15.54 Change: 0.03
R/$ = 13.15 Change: 0.04
Au 1289.78 $/oz Change: 2.22
Pt 979.50 $/oz Change: 2.50



By: Zandile Mavuso     22nd August 2017 As a global corporation that designs, manufactures and distributes power generation equipment globally, Himoinsa adds incomparable application and engineering know-how, excellent design and service capabilities, delivering value beyond the equipment it produces. 

Implats to report FY headline loss a share

     22nd August 2017 JSE-listed Impala Platinum (Implats) expects to swing to a headline loss a share of between 125c and 150c for the financial year ended June 30, compared with the headline earnings per share (HEPS) of 12c reported in the 2016 financial year. The company attributed the decline in HEPS to the... 

Zimbabwe tightens screws on miners' export earnings in forex crunch

By: Reuters     18th August 2017 The Reserve Bank of Zimbabwe has ordered platinum and chrome miners to surrender 80% of their export earnings to the central bank as the country struggles to contain a crippling dollar note shortage. Previously miners in the southern African nation were required to retain 50% of their earnings. 

Caledonia’s Blanket mine on track to deliver 80 000 oz/y by 2021

By: Anine Kilian     14th August 2017 Gold miner Caledonia Mining is confident its Blanket mine, in Zimbabwe, will meet its full year production guidance of 52 000 oz to 57 000 oz, as well as the longer-term output target of 80 000 oz by 2021. The mine produced just over 25 000 oz of gold in the first half of this year, at an all-in... 

Arafak posts strong Q2 results

By: Natasha Odendaal     11th August 2017 Nasdaq- and LSE-listed Afarak Group has delivered another robust second quarter driven by continued higher ferrochrome prices and strong market fundamentals. This followed a positive start to the new financial year after Arafak achieved the highest quarterly gains in the company’s history during... 

Cable management company fortifying ties with Australia

By: Marleny Arnoldi     11th August 2017 South African cable management solutions company Strutfast aims to expand its operations and open an office in Perth, early next year, owing to the Western Australia capital being the recognised centre for mining operations in Australia and also hosting the head offices of many companies that own... 

Lithium demand can be promising for Australia

     11th August 2017 Rising demand for renewable energy and electric vehicles is driving significant research and development, and strong growth in battery production around the world. Commodities used to make batteries — notably lithium, cobalt and graphite — will consequently be increasingly sought after in the... 

Eskom to sell more surplus power in major turnaround

By: Reuters     10th August 2017 South African power utility Eskom is to start selling more of its surplus capacity as new plants come on line, its acting chief executive said on Thursday, marking a shift from two years ago when the company had to conserve power because of shortages. South Africa had regular power cuts in 2015... 

Zim staves off punitive action by Eskom, again – report 

By: News24Wire      2nd August 2017 Zimbabwe government officials have held "tough negotiations" with managers at Eskom to prevent South Africa’s power utility cutting off supplies over a $40-million debt. Cash-strapped Harare has been given another chance not to default on a repayment plan, which had seen Eskom threatening to cut... 

Zimbabwe asks court to enforce seizure of Zimplats mining ground

By: Reuters     2nd August 2017 Zimbabwe has filed a court application to enforce a previous notice to seize more than half of platinum producer Zimplats' mining land, the company said on Wednesday. Zimplats, which is majority controlled by Impala Platinum in January said President Robert Mugabe's government had made a fresh... 


By: Creamer Media Reporter      1st August 2017 Turnkey laboratory solutions provider Tramecon services mining projects worldwide from its wholly owned Randburg facility, comprising two mini factories covering 400 m2. The company further supplies South Africa-based product logistics monitoring for a Democratic Republic of Congo (DRC) client... 

Premier African Minerals secures new funding

By: Natasha Odendaal     31st July 2017 Aim-listed Premier African Minerals on Monday announced a series of funding agreements that will allow the multicommodity mining and natural resources development company to increase its stake in Ethiopia-based Circum Minerals and fast-track exploration efforts at its wholly-owned Zulu lithium... 

Zim piling up gold, diamonds to back new currency – VP

By: News24Wire      31st July 2017 Zimbabwe Vice President Emmerson Mnangagwa says the cash-strapped Zimbabwe government is piling up reserves of gold and diamonds to back a new local currency. But he did not say when the new currency would be introduced. 

Cash-strapped ASA Resource Group suspends trading on Aim

By: Samantha Herbst     28th July 2017 Cash-strapped diversified miner ASA Resource Group has suspended the trading of its ordinary shares on the Alternative Investment Market, with effect from 11:00 on Friday morning. The Africa-focused miner attributed its cash constraints to currency restrictions imposed by the Reserve Bank of... 

Vast pleased with q/q production improvements at Romania, Zimbabwe mines

By: Creamer Media Reporter      28th July 2017 Operations at Aim-listed Vast Resources’ Manaila polymetallic mine, in Romania, and Pickstone-Peerless gold mine, in Zimbabwe, improved significantly quarter-on-quarter in the three months to June 30. During the second quarter, the 100%-owned Manaila mine, achieved a 41% quarter-on-quarter... 

Caledonia to list on NYSE

By: Anine Kilian     24th July 2017 TSX-and Aim-listed Caledonia Mining will list on the NYSE on July 27. The listing on the NYSE is intended to provide the company with greater access to US institutional and retail investors, which, in turn, is hoped will result in better overall trading liquidity, a lower cost of capital and... 

Zim lithium, tantalum prospect returns ‘excellent’ test results

By: Ilan Solomons     21st July 2017 Diversified exploration and mining company Premier African Minerals reported “excellent results” from the initial metallurgical testwork study, which was completed by German materials testing and analysis company Dorfner Anzaplan on its wholly-owned Zulu lithium and tantalum project, in Zimbabwe... 

Caledonia lowers FY17 output target on infrastructure constraints

By: Creamer Media Reporter      20th July 2017 Canadian gold miner Caledonia Mining has reduced its full-year production target to between 52 000 oz and 57 000 oz of gold, from the previously targeted 60 000 oz. The company’s Blanket mine, in Zimbabwe, produced 12 522 oz of gold in the quarter ended June 30, compared with the 12 510 oz... 

Amplats own-mine output up, sales down in two-fatality quarter

By: Martin Creamer     20th July 2017 Performance from its own mine operations helped platinum production from Anglo American Platinum (Amplats) to increase in the three months to June 30, but sales volumes fell sharply on technical problems and two mineworkers succumbed to fatal injuries. Full-year production guidance remains... 

Power increasingly expensive input cost in Southern African mining

By: Simone Liedtke     14th July 2017 In Southern Africa, power is becoming a far higher input cost in industries and processes than it was in the past, says mining ventilation solutions provider TLT Actom director Craig Johnston, highlighting that one of the major input costs at any underground mine or process plant is that of... 

South African simulators commissioned in Madagascar

By: Simone Liedtke     14th July 2017 Mining company Sherritt International’s Ambatovy operation, in Madagascar, has commissioned its Cybermine heavy equipment operator training simulators from South African surface and underground mining simulator supplier ThoroughTec Simulation. 

Zim likely to miss 28 t gold production target as small-scale miners struggle

By: Oscar Nkala     14th July 2017 The World Bank says Zimbabwe may miss its 2017 gold production target of 28 t because most of small-scale producers remain vulnerable to the country's harsh macroeconomic environment. Zimbabwe's macroeconomic environment has deteriorated since late last year, amid severe foreign exchange shortages. 

Africa remains tough but attractive mining destination

By: Nica Schreuder     13th July 2017 Despite potential risk factors associated with mining in Africa, mining services provider Fraser Alexander executive business development head Ken Bouch says the rewards make it worth investing in the mineral-rich continent. 

ASA’s shares surge on takeover offer from Chinese firm

By: Creamer Media Reporter      12th July 2017 The share price of Aim-listed ASA Resources rose more than 45% on Wednesday morning, after it announced that investment company Rich Pro Investments (RPI) has made an offer to acquire the company. RPI, which is owned by Chinese copper processing firm and nonferrous metals trader Hailiang, has... 

Manganese makes list of key tech metals heading for short supply

By: Martin Creamer     11th July 2017 Nothing can stop the proliferation of iPhones, solar panels and Teslas, except perhaps a shortage of key natural resources, comments the latest Fortune magazine, which puts manganese from South Africa on the list of crucial technology metals needed in the US. Fortune’s world map showing the... 

Caledonia reports fatality at Blanket mine

By: Anine Kilian     10th July 2017 An employee at Southern Africa-focused gold miner Caledonia Mining’s Blanket mine, in Zimbabwe, has died in a mining-related accident. The accident occurred at the Number 6 shaft on July 7. 

New mobile screen launched in S Africa

By: Victor Moolman     7th July 2017 Mobile crushing and screening equipment supplier Kleemann, part of international specialist construction equipment manufacturer Wirtgen, has launched the Mobiscreen MS 703 EVO, which is capable of processing 350 t/h, in South Africa. 

Zim likely to miss $300m chrome ore export target this year

By: Oscar Nkala     7th July 2017 The Minerals Marketing Corporation of Zimbabwe (MMCZ) has indicated that local chrome producers might not achieve the projected 2017 export target of $30-million, owing to falling international commodity prices and the flooding of the traditionally lucrative Chinese market with cheap-quality ore... 

Wescoal’s Mazarura appointed Kumba CFO

By: Natasha Odendaal     6th July 2017 Wescoal CFO and executive director Bothwell Mazarura has resigned to join Kumba Iron Ore as CFO and executive director, effective September 1. Mazarura, who has worked at Wescoal since July 2016, holds a Bachelor of Accounting Science Degree from the University of South Africa and is an... 

Mining Indaba offering new junior zone, boosting interface opportunities 

By: Martin Creamer     4th July 2017 Strong new thrusts are planned for next year’s Investing in African Mining Indaba, which is scheduled to take place at the Cape Town International Convention Centre from February 5 to 8, once again to support investment in mining companies operating in Africa and to provide an effective platform... 

Premier African Minerals says trading to resume soon

By: Anine Kilian     3rd July 2017 Trading in Aim-listed multicommodity miner Premier African Minerals’ shares, which has been temporarily suspended, will resume presently. The group’s trading was suspended under Aim rules after it failed to post its 2016 results within six months of the end of the reporting period. In a statement... 

Prospect's Zim project could produce by 2018

By: Esmarie Swanepoel     3rd July 2017 The Arcadia lithium project, in Zimbabwe, could be in production as early as 2018, with a recent prefeasibility study (PFS) estimating that a capital investment of about $52.5-million would be required to bring the project into production. ASX-listed Prospect Resources reported on Monday that... 

Higher output lifts BNC’s FY17 pre-tax profit

By: Megan van Wyngaardt     30th June 2017 Bindura Nickel Corporation, a 74.43%-owned subsidiary of Aim-listed ASA Resources, on Friday reported a profit before tax of $1.4-million for the year ended March 31, up 15% from the prior year. The company's profit after tax was $609 000, compared with a profit of $649 000 the year before. 

Musina Intermodal Terminal to improve cross-border trade

By: Schalk Burger     26th June 2017 The Musina Intermodal Terminal (MIT), launched on Monday, is set to reduce the cost of cross-border trade, especially for bulk commodities, on the North-South trade corridor. The terminal, about 3 km outside Musina and about 13 km from the Beitbridge border post, will serve to move commodities,... 

Much progress in mineworker housing delivery but more needs to be done 

By: Ilan Solomons     23rd June 2017 Many migrant employees do not want to permanently settle in mining towns, but prefer to maintain their homes in the rural areas and return to them, says the Chamber of Mines (CoM) of South Africa, citing its research and experience in the industry. “Providing permanent urban dwellings, as well as... 

Much progress in mineworker housing delivery but more needs to be done

By: Ilan Solomons     23rd June 2017 Many migrant employees do not want to permanently move to mining towns, but prefer to maintain and return to their homes in rural areas, says the Chamber of Mines (CoM) of South Africa, citing its research and experience in the industry. “Providing permanent urban dwellings, as well as urban home... 

Busiest project bidding period ever – ELB 

By: Martin Creamer     20th June 2017 Johannesburg Stock Exchange-listed ELB Group is having its busiest project bidding period ever, and is seeing a strengthening in base metals and great opportunities in gold. “In the last six months, we’ve experienced our busiest bidding period ever,” ELB Group CE Dr Stephen Meijers told Mining... 

Platinum price determination mysteries remain as already shrunken supply heads for greater decline

By: Martin Creamer     16th June 2017 The vagaries of platinum price determination – particularly in futures markets – remain somewhat mysterious and disappointingly opaque, with a futures market record pointing to negligible near-term trading, but hectic futures trading.  

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