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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

Gold miners must focus on returns, mergers to attract investment - Barrick CEO

By: Reuters     22nd May 2019 Gold miners must focus on maximising returns and more mergers to attract investors seeking to diversify after years of under-investing in mines, Barrick Gold's chief executive said on Wednesday. "The industry is in decline and we have put ourselves in a very a tight spot because we haven't... 

Mining fatalities among ICMM member companies decrease again

By: Marleny Arnoldi     22nd May 2019 International Council on Mining and Metals (ICMM) member companies recorded 50 fatalities in 2018, compared with the 51 recorded in 2017 and the 63 recorded in 2016. Eleven of ICMM’s 27 member companies reported no fatalities in 2018, compared with eight in 2017. These companies were Africa... 

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... 

Minerals Council welcomes Merafe Resources CEO as VP

By: Nadine James     22nd May 2019 The Minerals Council South Africa has added Merafe Resources CEO Zanela Matlala as a VP. This was announced at the council’s annual general meeting, on Wednesday, during which it was confirmed that Anglo American South Africa executive head Andile Sangqu and Sibanye-Stillwater CEO Neal Froneman... 

Zimbabwe mine output subdued in first quarter as dollar crunch bites

By: Reuters     22nd May 2019 Zimbabwe's mining sector was subdued in the first quarter due to a severe dollar crunch that affected production, with gold the most hit, the mining chamber said, adding some bullion miners had experienced recently introduced power cuts. Mining generates most of the export earnings for the... 

Equinox Gold sells Elk Gold property

By: Creamer Media Reporter      22nd May 2019 TSX-V-listed Equinox Gold has sold its Elk Gold property, in British Columbia, to private explorer Bayshore Minerals for $10-million. The company will receive $1-milion in cash on closing of the sale and $9-million in a first ranking secured promissory note payable in yearly installments of... 

Gordhan says mining firms must reverse job cuts

By: Bloomberg     22nd May 2019 South Africa’s mining companies must reverse recent decisions to cut jobs in the industry to help revive the economy and boost investor confidence, according to Public Enterprises Minister Pravin Gordhan. His comments come a day after Lonmin said it plans to cut 4 100 workers at platinum mines... 

Barrick bids for rest of Acacia as Tanzania refuses direct settlement  

By: Mariaan Webb     22nd May 2019 Toronto-headquartered Barrick Gold has presented a proposal to its London-listed subsidiary Acacia Mining to buy the rest of the shares in the miner that it does not already own for $285-million. The share-for-share exchange of 0.153 Barrick shares for each ordinary share of Acacia implies a... 

Oriole sets its sights on a bigger footprint in Cameroon

By: Creamer Media Reporter      21st May 2019 Aim-listed Oriole Resources plans to capitalise on its position as a first-mover in Cameroon to expand its footprint in the country alongside its partner Bureau d'Etudes et d'Investigations Géologico-minières, Géotechniques et Géophysiques (BEIG3). Oriole previously entered into earn-in... 

Canadian miner Pure Gold starts trading on LSE

By: Mariaan Webb     21st May 2019 Canadian gold development company Pure Gold Mining on Tuesday made its debut on the LSE main market, in the UK, trading at 32.50p a share. The listing, which is alongside the company’s existing Toronto listing, will introduce Pure Gold to European and UK investors as it approaches the... 

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