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Wescoal focus shifts to cost-savings as mining operations stabilise

By: Marleny Arnoldi     4th December 2020 JSE-listed coal miner, trader and supplier Wescoal has managed to generate a net profit of R11-million in the six months ended September 30, despite the impact of Covid-19, low growth and a low price environment. The company reported a loss of R51-million in the corresponding six-month period.  

CEOs of large companies commit to paying SME suppliers within 30 days 

By: Tasneem Bulbulia     17th November 2020 In an effort to ensure small and medium-sized enterprises (SMEs) in South Africa survive the economic crisis, more than 50 large companies have formally committed to paying their SME suppliers within 30 days. The initiative, called #PayIn30, is spearheaded by Business for South Africa (B4SA), the... 

Mayur eyes more spin-outs

By: Esmarie Iannucci     17th November 2020 ASX-listed Mayur Resources has completed a A$5.5-million capital raise, to advance its flagship Central cement and lime project, in Papua New Guinea (PNG), with the company raising the potential disaggregation of it this asset. The company on Tuesday reported that more than 15.7-million chess... 

Trump rushes environmental regulations that could handcuff Biden

By: Bloomberg     16th November 2020 The Trump administration is rushing to issue permits, finalise major environmental regulations and even sell the rights to drill for oil in Alaskan wilderness before Inauguration Day in a push that could complicate Joe Biden’s climate and conservation agenda. The 11th-hour regulatory race... 

Endeavour's Teranga deal creates top ten gold miner, to list on LSE 

By: Marleny Arnoldi     16th November 2020 TSX-listed companies Endeavour Mining and Teranga Gold on Monday announced a merger, creating a global top ten senior gold producing company, and the largest gold miner in West Africa. The combined entity would produce more than 1.5-million ounces a year. Simultaneously, Endeavour confirmed its... 

Ganfeng shows confidence in Sonara

By: Mariaan Webb     13th November 2020 Chinese lithium firm Ganfeng has exercised its option to up its stake in the holding company of the Sonara project, in Mexico, from 22.5% to 50%. London-listed Bacanora Lithium reported on Friday that Ganfeng would subscribe for shares worth £21.8-million (73 955 680 shares at 29.59p) in Sonara... 

Bushveld nears construction of solar plant at Vametco mine  

By: Marleny Arnoldi     11th November 2020 Aim-listed Bushveld Minerals continues to progress with the hybrid minigrid project being developed at the Vametco vanadium mine, near Brits, on the Western Limb of the Bushveld Complex in South Africa. The project comprises 3.5 MW of solar photovoltaic (PV) generation and 4 MWh of vanadium... 

Jubilee achieves record full-year PGM production

By: Donna Slater     10th November 2020 Aim- and AltX-listed metals processing company Jubilee Metals Group’s total revenue for the financial year ended June 30 increased by 132%, to R1.1-billion. The company, which has chrome and platinum group metals (PGM) operations in South Africa and a lead, zinc and vanadium project in Zambia,... 

Renewable energy reinforces case to restart domestic beneficiation − Smart

By: Donna Slater     6th November 2020 With energy security being a significant impediment to unlocking greater investment in the resources sector of South Africa, panellists and guests heard during the Africa Down Under conference on November 6 that energy is critical for the resources sector. Orion Minerals CEO and MD Errol Smart... 

On-The-Air (06/11/2020) 

By: Martin Creamer     6th November 2020 Fund raising is under way for the re-mining of South Africa’s rich Witwatersrand Gold Basin; Northern Cape is on the way back as a copper mining area that will use the hot sun for its electricity; and Mining exploration was declared a priority at this week’s Junior Indaba in Johannesburg. 

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