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Sasol narrows immediate asset-disposal focus to ‘top ten’ list 
By: Terence Creamer 3rd July 2020 Chemicals and energy group Sasol has developed a list of ten major assets that will be prioritised for sale in the coming weeks and months as it moves to streamline the business into what is being termed ‘Sasol 2.0’, while also raising proceeds to help it reduce a $9.5-billion debt burden. In... →
S Australia establishes mining liaison service
By: Esmarie Iannucci 3rd July 2020 The South Australian government has announced the formation of a new resources information service specifically designed to assist landowners, farmers and community members in their dealings with the resources sector. From July 1, the Rural Business Support (RBS) landowner information service... →
WA investing further in core library
By: Esmarie Iannucci 3rd July 2020 The Western Australian government has announced A$7-million in funding to expand the capacity of the Joe Lord core library, in Kalgoorlie. The facility stores core samples that contain valuable geoscientific information for exploration companies and others seeking new petroleum and mineral... →
Desormeaux joins Endeavour Mining as West Africa's largest gold miner is born
By: Mariaan Webb 2nd July 2020 Benoit Desormeaux has joined TSX-listed Endeavour Mining as president, following the completion of the company’s C$1-billion deal to create West Africa’s largest gold miner. Desormeaux was the CEO and president of Semafo, which Endeavour bought in an all-share transaction. Semafo’s CFO, Martin... →
Tritton beats full-year guidance
By: Esmarie Iannucci 2nd July 2020 The Tritton copper project, in New South Wales, has beaten production expectations for the 2020 financial year, ASX-listed Aeris Resources said on Thursday. The company noted that production for the full year reached 25 041 t, which was some 2% above the guidance of between 23 500 t and 24 500... →
MINDSET Mining Consultants conducted a longwall feasibility study for Sasol
29th June 2020 Mining consulting engineers, Mindset Mining Consultants, conducted a feasibility study for Sasol Mining on its proposed longwall project. The proposed longwall project forms part of the Syferfontein Colliery planning. The study looked at two mining blocks, namely Block IV and Alexander Block 2.... →
Caledonia Mining declares increased quarterly dividend
By: Schalk Burger 29th June 2020 Dual-listed Caledonia Mining on Monday declared a further increased quarterly dividend of $0.085 a share. This is a 13% increase on the previous quarterly dividend of $0.075, which, together with the increase to the dividend in January from $0.069, represents a cumulative 24% increase since... →
Court of Appeal upholds Tax Court ruling in Cameco-CRA dispute
By: Creamer Media Reporter 27th June 2020 The Federal Court of appeal has upheld the Tax Court of Canada’s 2018 decision that found in favour of uranium major Cameco in its tax dispute with Canada Revenue Agency (CRA). The dispute centres on reassessments that CRA issued for the 2003, 2005 and 2006 tax years. “Four judges have now... →
World agencies step in as pandemic poverty hits artisanal miners
By: Reuters 26th June 2020 From a $15-million World Bank fund to an experimental gold-buying project in Burkina Faso, development agencies are delivering financial aid to subsistence miners the Covid-19 pandemic has impoverished. World market prices of gold - viewed by investors as a safe store of value in uncertain times... →
Civil society groups tell Congo to reject AJN Resources deal
By: Reuters 25th June 2020 Civil society groups on Thursday called on the President and Prime Minister to deny Canada-listed junior miner AJN Resources approval for it to buy five projects from Democratic Republic of Congo's State-owned gold company. The deal awaits approval from the president and prime minister, Cabinet... →
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