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Press Office - Weba Chute Systems & Solutions

Weba Chute Systems & Solutions

The WEBA Chute System eliminates problems associated with conventional transfer chutes providing cost effective environmentally friendly solutions. The best results are achieved by incorporating the WEBA Transfer Chute System during the design phase of a new project.

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Hummingbird pleased to have ended 2022 in a stronger position

By: Marleny Arnoldi     6th February 2023 Following restructuring of Aim-listed Hummingbird Resources’ contract mining operations in mid-2023, the company says it has finished the year in a substantially stronger position. In particular, the Yanfolila mine, in Mali, produced its best quarterly production for several years for the three... 

Rex hunting for Hillside partner

By: Esmarie Iannucci     6th February 2023 Junior Rex Minerals is hunting for a partner for its Hillside copper/gold project, in South Australia. The ASX-listed company is seeking direct participation through a minority interest in the project, and has already received a number of project participation and product offtake inquiries, Rex... 

Newmont makes nonbinding offer for Australia's Newcrest

By: Esmarie Iannucci     6th February 2023 Gold major Newcrest Mining on Monday confirmed it had received a conditional and non-binding indicative proposal from major Newmont, valued at about A$24-billion. Under the proposal, Newcrest shareholders would receive 0.38 Newmont shares for every Newcrest share held. This would result in the... 

A new era beckons for mining finance

3rd February 2023 By Chetan Jeeva, Head SA Corporate Lending, Absa CIB While its contribution to GDP may have declined over time, the South African mining and resources sector is a systemically important part of the domestic economy. As such, continued innovation from operators, explorers, and financiers will be... 

Russians bought record number of gold bars in 2022, data shows

By: Reuters     3rd February 2023 Russians bought an all-time record number of gold bars in 2022, finance ministry data showed on Friday, as tax cuts on precious metals encouraged people to stock up on bullion as a safe asset. Moscow scrapped its 20% VAT on physical gold trades for individuals last March in a bid to draw people... 

On-The-Air (03/02/2023) 

By: Martin Creamer     3rd February 2023 This week Martin Creamer discusses two renewables projects and the Mining Indaba. 

Visible gold struck in first hole drilled at Segele

By: Darren Parker     3rd February 2023 Ethiopia-focused gold exploration and mining company Akobo Minerals has hit visible gold in its first drill hole at the third mineralisation style 140 m from the main Segele area in Ethiopia. Akobo said in statement on February 3 that, following the recent announcement of the discovery of the... 

Twin Hills definitive feasibility study progressing – Osino

By: Donna Slater     3rd February 2023 TSX-V-listed gold explorer and developer Osino Resources is progressing with developing a definitive feasibility study (DFS) for its Twin Hills gold project, in Namibia, and is conducting trade-off studies and assessing risks and opportunities for infrastructure enhancement, water and power... 

Iamgold sees expansion potential at Gosselin

By: Creamer Media Reporter      3rd February 2023 The 2022 drill pogramme at the Gosselin zone discovery, immediately adjacent to Iamgold's Côté gold project, in Ontario, has demonstrated the expansion potential of the deposit. Some of the highlights include 342.2 m at 1.99 g/t gold in drill hole GOS22-105 from 206.9 m, including 101.8 m at 3.05... 

Implats’ interim earnings steady, despite lower refined output

By: Marleny Arnoldi     3rd February 2023 JSE-listed Impala Platinum Holdings expects its earnings before interest, taxes, depreciation and amortisation (Ebtida) for the six months ended December 31 to remain broadly unchanged from the Ebitda of R24.5-billion reported for the six-month period ended December 31, 2021. The company, which... 

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