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1 000 platinum-powered Hyundais in UK this year – Amplats

By: Martin Creamer     Updated 25 minutes ago Fuel cell electric vehicles will allow platinum mining to build its future in a truly sustainable way on the back of zero exhaust emissions and the use of the world’s endless supply of hydrogen as a fuel source, Anglo American Platinum (Amplats) CEO Chris Griffith has told Platinum Week 2015 in... 

1 000 platinum-powered Hyundais in UK this year – Amplats
Photo by Duane Daws
Chris Griffith

Evraz Highveld says in legal dispute with Sasfin

By: Megan van Wyngaardt     Updated 17 minutes ago Vertically integrated steel and vanadium slag producer Evraz Highveld Steel and Vanadium has launched a High Court application against financial services provider Sasfin Bank. The JSE-listed company on Monday said that, in the application, which was submitted to the court on May 22, the company’s... 

Evraz Highveld says in legal dispute with Sasfin

Presidency rejects Marikana lawyer's claims

By: News24Wire      Updated 56 minutes ago President Jacob Zuma has dismissed as "false" comments by a lawyer linking the presidency to the retirement of the North West police commissioner. "The presidency rejects the false statements made by Marikana defence attorney, Andries Mkome... in relation to the provincial and national police... 

Presidency rejects Marikana lawyer's claims
Photo by Duane Daws
President Jacob Zuma

CIL to dump Mozambique investment only after government nod

By: Ajoy K Das     Updated 4 hours ago A final decision on producer Coal India Limited (CIL) aborting its Mozambique investments will only be taken in September or October, after the impact on diplomatic and economic bilateral relations between the two countries has been assessed. According to government officials, CIL’s "unofficial"... 

Gold struggles near $1 200 on Yellen comments, robust dollar

By: Chanel de Bruyn     Updated 6 hours ago Gold was trading close to its lowest level in over a week on Monday after Federal Reserve Chair Janet Yellen indicated the US central bank was likely to raise interest rates this year and as the dollar strengthened to its highest in a month. Spot gold had slipped 0.1% to $1 204.55 an ounce by... 

Gold struggles near $1 200 on Yellen comments, robust dollar

Trans Hex readies for hefty FY earnings jump

By: Natalie Greve     Updated 4 hours ago Diamond producer Trans Hex, which is finalising its results for the year ended March 31, 2015, expects earnings a share to increase by between 765% and 785% year-on-year to between 179c and 183c for the 12 months. Similarly, headline earnings a share were expected increase by between 725% and... 

Frontier share price doubles on Gold Ridge buy

By: Esmarie Swanepoel     Updated 4 hours ago The share price of junior Frontier Resources doubled on Monday after the company announced that it would buy an 80% shareholding in the Gold Ridge mine, on the Solomon Islands. Fellow-listed gold miner St Barbara earlier in May completed the divestment of the Gold Ridge project to Solomon... 

Evolution pays $550m for Barrick mine in NSW

By: Esmarie Swanepoel     Updated 4 hours ago Gold miner Evolution Mining on Monday announced that it would spend $550-million to acquire the Cowal gold mine, in New South Wales, from fellow Barrick Gold. Evolution executive chairperson Jake Klein described the acquisition as a “transformational” transaction for the company, pointing out... 

Independence in A$1.8bn Sirius takeover, new ASX listing planned

By: Esmarie Swanepoel     Updated 4 hours ago The resources rumour mill proved true on Monday after metals miner Independence Group and nickel developer Sirius Resources announced merger plans, that valued Sirius at around A$1.8-billion. 

Independence in A$1.8bn Sirius takeover, new ASX listing planned

Australia gold production falls in March quarter

     Updated 5 hours ago Gold production during the quarter ended March dropped by some 5 t, or 7% compared with previous quarter, reaching 69 t, mining consultancy Surbiton Associates revealed this week. “March quarter production in Australia is usually the lowest for the year. Overall, both the grade and tonnage of... 

Creamer Media publishes Gold 2015: A review of South Africa's gold sector electronic research report

     Updated 5 hours ago In this context Creamer Media’s Gold 2015 report reviews the global gold market and gold companies that have operations in Africa. It particularly focuses on the South African gold sector, including labour issues and electricity shortages, as well as prospects for the sector. 

Creamer Media publishes Gold 2015: A review of South Africa's gold sector electronic research report

Hillgrove announce debt refinancing, equity raising and new MD

By: Esmarie Swanepoel     Updated 4 hours ago Copper miner Hillgrove Resources on Monday announced the refinancing of its debt facilities, along with an equity raising and the appointment of a new MD. The ASX-listed said the refinancing package would provide amortisation of debt repayments to align with the most recent life-of-mine plan for... 

Brumby eyes private miner Marindi

By: Esmarie Swanepoel     Updated 4 hours ago ASX-listed junior Brumby Resources has reached an agreement to acquire private zinc developer Marindi Metals for 250-million of its own shares, as well as 25-million options. Marindi was currently earning a 100% interest in the Newman base metals project, in Western Australia, on which more... 

Karara partners secure $1.5bn refinancing

By: Esmarie Swanepoel     Updated 4 hours ago The shareholders of the Karara iron-ore project, in Western Australia, have secured a $1.5-billion refinancing facility for the project. ASX-listed Gindalbie Metals, which holds a 47.84% share in the project, reported on Monday that the refinancing facility had been used to repay all outstanding... 

Rex improves Hillside financials

By: Esmarie Swanepoel     Updated 5 hours ago An extended feasibility study into the Hillside copper project, in South Australia, has materially reduced the project’s capital costs while improving fundamentals, owner Rex Minerals said on Monday. The extended feasibility study estimated that the project would require a capital investment of... 

Marikana miners go to court to force Zuma to release report

By: News24Wire      Updated 6 hours ago The workers injured and arrested in the Marikana shooting, their families, and labour union AMCU, are to approach the courts to force President Jacob Zuma to release the Marikana report. Andries Mkome, the lawyer representing all parties, said they would approach the courts on Monday "on an... 

Marikana miners go to court to force Zuma to release report

Cameco declares commercial production at Cigar Lake

By: Henry Lazenby Canadian uranium major Cameco on Friday announced that it had declared commercial production at its Cigar Lake operation, in Saskatchewan, effective May 1. The TSX- and NYSE-listed miner had suffered several setbacks in developing the mine over the years, as frequent flooding and problems with... 

Alpha Natural affiliates to downsize Central Appalachian mining ops

By: Henry Lazenby Several operating affiliates of US coal miner Alpha Natural Resources on Friday notified more than 500 employees that their mining and processing operations would probably be idled. NYSE-listed Alpha’s affiliates gave 439 employees at Rockspring Development's Camp Creek underground mine and... 

Alpha Natural affiliates to downsize Central Appalachian mining ops

Red Kite co-founder plans new Orion metals fund – sources

By: Reuters US mining financier Oskar Lewnowski is preparing to launch a base and precious metals fund, sources say, his latest step in recreating the famed trading and investment enterprise he co-founded a decade ago, Red Kite. Two years after striking out on his own to create private equity investment... 

Trafigura's global metals trading chief Simon Collins resigns

By: Reuters Trafigura's global head of the metals and minerals trading division, Simon Collins, has resigned for personal reasons, the commodities merchant said on Friday, the second senior executive departure in the past month. Group CEO Jeremy Weir has taken the reins of the business, the second largest... 

Silvercorp widens FY loss as mine impairment charges weigh

By: Henry Lazenby China-focused miner Silvercorp Metals has reported a wider net loss for the 2015 fiscal year, weighted down by booking $130.3-million in impairment charges at two mines as a result of lower metals prices. For the year ended March 31, the Vancouver-based company reported a net loss of... 

Well-known institutional investor joins U3O8 Corp’s board

By: Henry Lazenby Uranium explorer U3O8 Corp has appointed well-known institutional investor David Franklin to its board with immediate effect. Franklin brought to the board a proven record of mining investment experience that would help U3O8 Corp expand its investor reach and position the company for further... 

Eldorado Gold renews share purchase scheme

By: Henry Lazenby Canadian gold producer Eldorado Gold has renewed its share-buying programme for another year to satisfy obligations under its restricted share unit plan (RSU plan) for employees, officers of the company or a related entity as designated by the board. Eldorado on Friday reported that the TSX had... 

Buffalo considers restructuring, placed under TSX delisting review

By: Megan van Wyngaardt Troubled coal miner Buffalo Coal said on Friday that it would continue to consider restructuring alternatives at its Dundee operations, in KwaZulu-Natal, and advised shareholders that it was under a TSX delisting review. The dual-listed South Africa-focused company’s finances were under strain,... 

TKAG wants Karoo exploration delayed until conclusion of enviro assessment  

By: Natasha Odendaal The Treasure the Karoo Action Group (TKAG) on Friday called on government to delay publishing final regulations and issuing rights for shale gas exploration in the Karoo, until a 24-month strategic environmental assessment (SEA) has been concluded. TKAG CEO Jonathan Deal said in an open letter... 

TKAG wants Karoo exploration delayed until conclusion of enviro assessment

Tanzania's gold output rises in 2014, snaps two-year decline

By: Reuters Tanzania's gold output edged up 1.26% in 2014 to 1.27-million ounces, snapping a two-year decline, government data showed on Friday. Tanzania is Africa's fourth-biggest gold producer after South Africa, Ghana and Mali and gold exports are a key source of foreign exchange. Export earnings however... 

Western Australia extends helping hand to Atlas

By: Esmarie Swanepoel The Western Australian government on Friday extended a helping hand to struggling iron-ore miner Atlas, with Mines and Petroleum Minister Bill Marmion announcing that he had extended the government’s royalty assistance programme to the miner. Atlas would receive support in the form of a 50%... 

Western Australia extends helping hand to Atlas

Minister sees plenty of opportunities for METS sector despite mining’s phase shift

By: Esmarie Swanepoel Australia’s mining equipment, technology and services (METS) sector would be vital to increasing the country’s competitive strength, Industry and Science Minister Ian Macfarlane said this week. Speaking at the Austmine conference, in Brisbane, Macfarlane noted that during 2012/13, the METS... 

Zimbabwe's first-quarter gold production up 25%

By: Reuters Zimbabwe's gold production rose 25% to 4 180 kg in the January-March quarter after small gold milling companies increased output, the country's chamber of mines said on Thursday. The chamber projected gold production for the year as a whole of 16 721 kg, up 8.7% from last year. 

From mines to hospitals to mortuaries – yet another use for SA’s Lodox scanner

By: Irma Venter Within a decade conventional invasive autopsies may be a rarity, says head of the Department of Forensic Medicine at the University of Pretoria (UP), Professor Gert Saayman. Instead, pathologists will use imaging technologies to conduct virtual post-mortems. 

 From mines to hospitals to mortuaries – yet another use for SA’s Lodox scanner

First copper from DRC-China deal due by year end – govt

By: Reuters A joint venture between Democratic Republic of Congo's (DRC's) State miner and two Chinese companies, signed under a 2009 "minerals for infrastructure" deal, will begin producing copper before the end of 2015, the DRC's government said on Thursday. Under the deal Chinese companies pledged to... 

Fortescue's Forrest vows to maintain iron-ore campaign

By: Esmarie Swanepoel Chairperson of iron-ore major Fortescue Metals, Andrew Forrest, has vowed to continue with his campaign against multinational companies operating in the Pilbara, despite the government taking a decision not to pursue an inquiry into the iron-ore sector. Treasurer Joe Hockey on Thursday... 

Venturex to sell Pilbara copper/zinc mine for A$14m

By: Esmarie Swanepoel ASX-listed Venturex Resources has executed a conditional term sheet to divest of its Pilbara copper/zinc mine in a transaction worth A$14-million. The transaction would see Venturex divest of its three wholly-owned subsidiaries that hold the Pilbara mine to Orion Mine Finance Group. 

QCLNG declared operational, APA deal approved

By: Esmarie Swanepoel Natural gas major BG Group has taken operational control of Train 1 of the Queensland Curtis liquefied natural gas (QCLNG) project, after the project reached commercial completion. The transfer of operational control of Train 1 marked the start of commercial operations at QCLNG, and followed... 

NUM union wants 84% pay increase for gold workers 

By: Reuters South Africa's National Union of Mineworkers (NUM) will push for an 84% rise in basic pay for entry-level gold mining workers, a near 10 percentage-point increase on previous demands, according to documents obtained by Reuters on Thursday. They show that the NUM, which represents 57% of the... 

NUM union wants 84% pay increase for gold workers

Axiom secures A$4m to fund Isabel

By: Esmarie Swanepoel Metals developer Axiom Mining has raised A$4-million through a share placement and a convertible note issue to fund the development of its Isabel nickel project, in the Solomon Islands. The junior reported on Friday that shares had been placed to a number of institutional and high net worth... 

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