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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

Centerra reduces Mt Milligan mill production

By: Creamer Media Reporter      Updated 4 hours ago Canadian miner Centerra Gold will reduce its workforce and cut its mill throughput to 50 000 t/d for a two-week period, starting on April 6. The company explains that the remote mine has a large camp accommodation facility where substantially all of the on-site employees reside while on their... 

NTM raises A$3.6m

By: Esmarie Iannucci     Updated 4 hours ago Junior gold explorer NTM Gold has raised A$3.6-million after 71.9-million options were exercised at a price of 5c each. The ASX-listed company on Thursday noted that major shareholders Empire Resources and DGO Gold had both exercised their respective 25-million and 20-million options. 

Thornton sold 50% of his stake in Barrick

By: Creamer Media Reporter      Updated 5 hours ago Barrick executive chairperson John Thornton has halved his shareholding in the Toronto- and New York-listed gold major, owing to “personal portfolio considerations”. The company on Wednesday confirmed that Thornton had sold 2 632 153 shares in the company during the permitted open period... 

OceanaGold's South Carolina mine remains open

By: Esmarie Iannucci     1st April 2020 The Haile gold mine, in South Carolina, continues to operate despite an announcement by state government that all non-essential business shut down for a period of 14 days, dual-listed gold miner OceanaGold said on Wednesday. The company noted that under state guidelines, the status of the Haile... 

RCT automates mine fleet in Burkina Faso

1st April 2020 World-leading autonomous solutions specialist RCT is pleased to have executed a project with African Underground Mining Services (AUMS) at the Siou underground gold mine in Burkina Faso. Earlier this year RCT commissioned its ControlMaster® Guidance Automation technology on two of Siou’s CAT... 

Blackham signs supply and alliance agreement

By: Esmarie Iannucci     31st March 2020 ASX-listed gold miner Blackham Resources has inked a sales contract with Russian gold miner Polymetal International over all of the non-committed gold concentrate from Blackham’s Stage 1 expansion project of its Western Australian operations. The Stage 1 production rates are expected to average... 

ARM, Motsepe family play key roles in R1bn coronavirus pledge

By: Martin Creamer     28th March 2020 South Africa’s diversified black-controlled mining and minerals company African Rainbow Minerals (ARM) and the Motsepe family on Saturday formed the key part of the partnership of companies and organisations that have pledged R1 billion to assist with the current coronavirus (Covid-19) pandemic... 

AngloGold to conserve cash amid Covid-19 spread

By: Tasneem Bulbulia     27th March 2020 Gold miner AngloGold Ashanti is implementing cash conservation measures, including focused capital prioritisation and reducing non-essential spending across the business, and is well positioned to weather the current market uncertainty. At the end of 2019, the company had $463-million of cash,... 

Mitsubishi unpacks movement of PGM markets amid lockdowns

By: Marleny Arnoldi     27th March 2020 Mitsubishi Corporation International (MCI) says in its latest precious metals update that it expects South Africa’s platinum supply to reduce by around 7%, or by between 200 000 oz and 300 000 oz, in light of closed operations during South Africa’s 21-day national lockdown. The announcement by... 

Centerra reports better-than-expected production from its two flagship mines

By: Marleny Arnoldi     27th March 2020 TSX-listed Centerra Gold reported a strong operating performance from its two mines in 2019, exceeding the company’s consolidated gold production and cost guidance. The Kumtor and Mount Milligan mines, in Kyrgyzstan and Canada's British Columbia, respectively, together produced about 783 300 oz... 

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