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Bushveld establishes dividend policy following ‘transitional’ 2018

By: Marleny Arnoldi     23rd May 2019 Aim-listed Bushveld Minerals’ financial results for the year ended December 31, 2018, reflect its transition from a junior mining company to a significant vanadium producer. The company’s flagship vanadium platform includes a 74% controlling interest in mining and processing company Bushveld... 

Jupiter Gold set to become cash flow positive

By: Tasneem Bulbulia     22nd May 2019 Gold royalty company Jupiter Gold on Wednesday reported that its first royalty project, the Pindaíba project, operated by Brazil Minerals, was expected to begin production in the third quarter of 2019. The company’s gold recovery plant would be used in operations and Jupiter Gold would receive a... 

Lynas to set up plant in WA as it abandons plans for Malaysia facility

By: Esmarie Iannucci     21st May 2019 Rare earths miner Lynas on Tuesday told shareholders that it would relocate a planned processing facility from its Kuantan operations in Malaysia, to its operations in Western Australia. Speaking at an investor conference, CEO and MD Amanda Lacaze noted that the cracking and leaching facility... 

Sibanye keeps option to increase Lonmin offer against rival bid 

By: Bloomberg     20th May 2019 Sibanye Gold reiterated that its increased offer for Lonmin Plc is final, but kept its option open to sweeten the deal for the platinum producer should a rival bid emerge. While its current offer “is final and will not be increased", the company “reserves the right to set aside the no increase... 

Simplified backfill

By: Creamer Media Reporter      20th May 2019 Victaulic, the world’s leading manufacturer of mechanical pipe-joining systems, has seen great success with the introduction and implementation of its series 725 diverter valve, and its impact on the South African mining industry. As the industry’s first grooved-end valve designed specifically... 

Pantoro raises A$43m to fund Norseman deal

By: Esmarie Iannucci     17th May 2019 Gold miner Pantoro has completed a A$43-million fully underwritten share placement to partially fund the acquisition and joint venture of the Central Norseman gold project, in Western Australia. Pantoro placed more than 215.18-million shares, at 20c each, to sophisticated and professional... 

Ventilation firm to provide energy efficient solution to African project

17th May 2019 Ventilation firm TLT-Turbo Africa will supply and install a turnkey solution for underground ventilation and fume extraction for Canadian miner Ivanhoe Mines subsidiary Kamoa Copper SA. Kamoa Copper SA forms part of the Kamoa-Kakula copper project, which is a joint venture between TSX-listed... 

Tharisa sticks to dividend guns as mine reconfiguration lowers output, profit 

By: Martin Creamer     15th May 2019 Platinum group metals and chrome mining company Tharisa Minerals has not allowed lower half-year production, profit and cash flow to get in the way of declaring an interim dividend. The Johannesburg- and London-listed company declared a $0.005-a-share payout on earnings a share of $0.4c, in... 

Bushveld's Vametco achieves record monthly production

By: Creamer Media Reporter      15th May 2019 Diversified miner Bushveld Minerals' Vametco subsidiary produced 270 t of vanadium in March – the highest monthly production rate achieved by the operation in the past 21 months. This achievement comes on the back of improvements in mine production scheduling, vanadium grade in the kiln feed and... 

Pantoro buys half of Central Norseman gold project

By: Esmarie Iannucci     15th May 2019 ASX-listed Pantoro has inked a multi-million dollar deal to acquire a 50% interest in the Central Norseman gold project (CNGP), in Western Australia. Pantoro will form a joint venture (JV) with Central Norseman Gold Corporation and its subsidiary, and will take over management control of the... 

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