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Creamer Media Reporter

Bigen’s commitment to transformation continues

14th May 2019 The CEO of Bigen Group, Mr Anton Boshoff has submitted his resignation, effective 31 May 2019 to enable the business to fill the position of CEO with a Black Professional, through his own personal commitment to the economic transformation required for the Infrastructure industry. Anton will... 

Fatality at McEwen’s Gold Bar

14th May 2019 A haul truck driver has died at the Gold Bar mine in Nevada, owner McEwen Mining reported on Monday. The driver was a contractor employee. The individual was fatally injured when the haul truck overturned while operating at the site. 

Petra sells 424.89 ct diamond for nearly $15m

14th May 2019 London-listed Petra Diamonds has sold the 424.89 ct Legacy of the Cullinan Diamond Mine diamond to Stargems Group/Choron for just under $15-million. The exceptional D-colour Type IIa diamond was mined from the Cullinan C-Cut and adds to the most famous diamonds to have originated from the... 

Putting new discoveries on the map

14th May 2019 A new map, published in 2018, highlights recent major platinum discoveries in South Africa  – the Waterberg Project of PTM in the Villa Nora gap and the Ivanhoe “Flatreef” of the Ivanplats mine near Mokopane. Both these discoveries represent massive breakthroughs in raising South Africa’s... 

Rio Tinto partners with junior to explore Saskatchewan copper project

13th May 2019 Diversified mining group Rio Tinto has been granted an option to acquire a majority interest in the Janice Lake copper project, in Canada’s Saskatchewan. Rio Tinto Exploration Canada (RTEC) has to commit to spending $3-million on exploration at the Janice Lake project over the next... 

Exxaro sells Tronox shares for R2.9bn

9th May 2019 NYSE-listed Tronox Holdings has bought back 14-million of its shares from South African coal miner Exxaro Resources for $200-million, or R2.9-billion, the companies confirmed on Thursday. Tronox repurchased the shares at $14.32 a share. 

Gold Fields raises $1bn in two new bonds

9th May 2019 South Africa-headquartered Gold Fields has concluded the raising of two new bonds totalling $1-billion. The new bonds comprise a $500-million, five-year bond with a coupon of 5.12% and a $500-million, ten-year bond with a coupon of 6.125%. The average coupon was 5.625%. 

South African company building new smelter in Zimbabwe

9th May 2019 Foundry and engineering company Thos Begbie is working in the Great Dyke of Zimbabwe, close to the town of Shurungwi, where it is helping to construct the Unki platinum smelter, adjacent to a mining operation owned by platinum mining company Anglo American Platinum (Amplats). Thos Begbie was... 

Nevada Copper finances Pumpkin Hollow underground project

9th May 2019 TSX-listed copper developer Nevada Copper on Wednesday announced a range of financing agreements for the construction of its underground mine at Pumpkin Hollow, in the US, including a $115-million credit agreement from Germany’s KfW IPEX-Bank. Other financing includes a $35-million working... 

Mining industry supports AIMEX as visitor registrations officially launch

9th May 2019 The Australia Federal Election campaign has so far seen all sides of politics weighing in on where they see the future of mining heading in this country. As that takes place, the industry itself is gearing up for what will be one of the most important events of a decade when Australia's largest... 

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