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‘Land no one else wants’ gets solar as coal-and-nukes era fades

By: Bloomberg     25th April 2019 For two decades, coal has been pulled from a Bent Mountain mine in eastern Kentucky. But in a startling move in the heart of coal country, a rival –solar – is preparing to move on to the land. From Appalachia in the US to Queensland in Australia and Chernobyl in Ukraine, solar and wind farms are... 

Gold worth billions smuggled out of Africa

By: Reuters     24th April 2019 Billions of dollars' worth of gold is being smuggled out of Africa every year through the United Arab Emirates in the Middle East – a gateway to markets in Europe, the United States and beyond – a Reuters analysis has found. Customs data shows that the UAE imported $15.1-billion worth of gold... 

Mind the gap between finance and engineering in mining and industrial projects

23rd April 2019 By Joe de Klerk, MD at CCSMI – the mining and industrial division of Construction Computer Software (CCS) Mining and industrial organisations need to adopt integrated business solutions that enable them to bridge the gap between their engineering and finance departments if they are to maximise... 

Vast wraps up sale of Zim gold assets

By: Creamer Media Reporter      23rd April 2019 Shareholders in Vast Resources on Tuesday approved the sale of the company’s Zimbabwe gold assets, including the Pickstone Peerless and Eureka mines. Shareholder approval was the final condition precedent to the sale of Aim-listed Vast's 50.01% interest in Ronquil Enterprises, through which it... 

IMF slates unpredictable policies in report Tanzania blocked

By: Bloomberg     23rd April 2019 The International Monetary Fund said that Tanzania’s economy is being harmed by the government’s “unpredictable and interventionist policies” in a report whose release the East African country has blocked. Tanzania refused to authorize the publication of the report, the IMF said Wednesday in a... 

Anglo steps up defense to repel Agarwal's interest – Telegraph 

By: Bloomberg     23rd April 2019 Anglo American has hired three investment banks to fend off a potential takeover bid from the billionaire owner of Vedanta Resources, Anil Agarwal, the Telegraph reported, citing unidentified people. Agarwal has previously stated he had no intention to take over the miner, but bankers think he... 

Vast to divest from Zim gold assets

By: Natasha Odendaal     19th April 2019 Aim-listed mining company Vast Resources has concluded a conditional sale contract for the proposed disposal, to Southern African Trade Finance (SATF), of its noncore 50.01% interest in Ronquil Enterprises - the holder of its Zimbabwe gold assets; and the remaining 25.01% economic interest in the... 

Russian, Angolan diamond groups sign MoU

By: Rebecca Campbell     19th April 2019 Russia’s predominantly State-owned global diamond mining major Alrosa and Angola’s State-owned national diamond mining company Endiama signed a Memorandum of Understanding (MoU) early this month. This marks the latest stage in the development of the relationship between the two entities, which... 

Orion reawakening geological giant in Northern Cape  

By: Martin Creamer     18th April 2019 Three years ago, Orion Minerals was trading at an eighth of an Australian cent a share. It had a market capitalisation of $4-milllion and set out to find something that could be turned into a mine. The good news is that the company found that opportunity in South Africa, and its share price has... 

TomaGold spin-out Monster Lake takes option over property

By: Creamer Media Reporter      18th April 2019 TSX-V-listed TomaGold’s proposed spin-out Monster Exploration has entered into a share purchase option agreement to acquire an option over the Philibert property, 10 km south-east of its Monster Lake property in Quebec's Chibougamau mining camp. Pursuant to the agreement, Monster has the right... 

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