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Press Office - SPH Kundalila Gold

SPH Kundalila Gold

SPH is a materials handling company, operating in the surface mining industry. Its services include mobile crushing and screening, bulk earthworks, plant hire, haul road construction, rehabilitation and maintenance. The company is focussed on safety and reliability, and believes in value-add through efficiency. SPH is a full subsidiary of the Raubex Group Ltd, a JSE listed company.

Topic

Lundin Gold provides 2020 outlook for Ecuador mine

By: Mariaan Webb     6th July 2020 TSX-listed Lundin Gold has issued a 2020 production guidance for its Fruta del Norte mine, in Ecuador, after confirming on Sunday that operations have resume. The mine is forecast to produce between 200 000 oz and 220 000 oz during the year, of which 150 000 oz to 170 000 oz will be produced in... 

Small tailings dam collapses in Ecuador, communities denounce pollution

By: Reuters     6th July 2020 A small tailings dam associated with a mine run by Ecuadorean firm Austro Gold has collapsed, Ecuador's government said on Friday, sending mining waste into a nearby river. A retaining wall collapsed at the Armijos tailings station, located in the Camilo Ponce Enriquez area in southern Ecuador,... 

La Mancha's $100m investment in Endeavour completed

By: Schalk Burger     6th July 2020 TSX-listed gold producer Endeavour has issued 4.51-million shares to La Mancha in exchange for $100-million. The transaction came about as La Mancha chose to exercise its antidilution rights following Endeavour's merger with fellow West Africa-focused miner Semafo. 

Reopening of economies boosting metals prices 

By: Marleny Arnoldi     3rd July 2020 Since lockdown measures have started to ease around the world to contain Covid-19, ratings and research agency Standard & Poor’s Global (S&P Global) says the reopening of economies, combined with monetary stimulus by banks and governments, has allowed industrial metal prices to rise. However,... 

Ora Banda raises cash for Davyhurst restart

By: Esmarie Iannucci     3rd July 2020 ASX-listed Ora Banda mining has launched a A$55-million capital raise to underpin the restart activities at its Davyhurst gold project, in Western Australia. The equity raising will consist of an institutional share placement to raise an initial A$40-million, and a one-for-nine accelerated... 

Public to have its say on Stibnite gold mine in Idaho

By: Creamer Media Reporter      3rd July 2020 The United States Forest Service (USFS) and other regulators working on the review of the Stibnite gold project, in central Idaho, have released an updated permitting schedule, which indicates that the draft environmental-impact statement (EIS) will be released next month. Once the draft EIS is... 

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... 

Argonaut and Alio complete merger

By: Creamer Media Reporter      2nd July 2020 Toronto-listed miner Argonaut Gold and Alio Gold have completed their business, creating a North American, diversified precious metals producing company with a strong portfolio of growth assets. “By combining Argonaut with Alio, we have created a diversified, intermediate gold producer with... 

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... 

Mount Mackenzie optimised - REZ

By: Esmarie Iannucci     2nd July 2020 Pit optimisation and higher gold prices have improved the economics of the Mount Mackenzie gold and silver project, in Queensland. ASX-listed Resources and Energy reported this week that on the back of an updated mineral resource estimate, and accounting for a higher gold price, the optimisation... 

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