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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.

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Anglo Asian operations not affected by Armenia-Azerbaijan fighting

By: Mariaan Webb     28th September 2020 London-listed Anglo Asian said on Monday that it was monitoring the situation in Azerbaijan, where a decades-long standoff over the Nagorno-Karabakh region has escalated with fierce fighting reported between Armenian and Azerbaijani forces. The gold, copper and silver producer said its office in... 

Pandemic bolsters US demand for precious metals

By: Tasneem Bulbulia     25th September 2020 The Covid-19 pandemic has acted as a catalyst for furthering investment in gold and silver in the US, with a new wave of investors who have never bought precious metals before now considering investing in such assets, Monex Precious Metals broker Albert Johnston III said during an LBMA-hosted... 

Diesel vehicle push could boost platinum demand, says WPIC 

By: Donna Slater     25th September 2020 A resurgence in encouraging vehicle buyers to buy diesel vehicles could result in a boost for platinum demand, says the World Platinum Investment Council (WPIC). In January 2021, the European Commission will measure the average fleet carbon dioxide (CO2) emissions of each European automotive... 

Precious metals set for worst week since March on rising dollar

By: Bloomberg     25th September 2020 Gold extended losses, capping a torrid week for precious metals, which are set for their biggest losses since the virus panicked markets in March. Bullion declined again on Friday as the US dollar rose, after touching the lowest since July a day earlier. The outlook for the global economic... 

On-The-Air (25/09/2020) 

By: Martin Creamer     25th September 2020 Calls were made this week for unused mine land to be made available for agricultural development; Namibia and South Africa are ahead in Southern Africa’s plan to generate green hydrogen for export; and Some gold mining companies are considering locking in the high gold price by selling it forward. 

Haile mine is a top-tier assets, says OceanaGold CEO

By: Mariaan Webb     25th September 2020 The Haile mine, in South Caroline, which has faced numerous challenges in its three years of operation, has long-term value and offers significant organic growth opportunities, says OceanaGold president and CEO Michael Holmes. In an updated technical report, based on mineral reserves, the... 

Output expectations at Gruyere adjusted

By: Esmarie Iannucci     24th September 2020 Gold miner Gold Road Resources has reported a seven-day interruption at its Gruyere joint venture (JV) with Gold Fields, in Western Australia. The company said that a ball mill motor bearing failure occurred on a restart of the Gruyere processing facility after a scheduled maintenance shutdown.... 

Focus adds to Karridale resource

By: Esmarie Iannucci     24th September 2020 Junior Focus Minerals has reported a 60% increase to the mineral resource at its Karridale gold deposit, at its Laverton gold project. The depsit is now estimated to host an indicated and inferred mineral resource of 27.7-million tonnes, grading 1.33 g/t gold for 1.19-million ounces, supporting... 

Gold windfall heading for investors with miners vowing restraint

By: Bloomberg     24th September 2020 Gold companies are vowing to give investors a greater share of the windfall from surging prices, without losing the fiscal discipline that’s returning to the industry. Even as bullion bounces around near record heights, helping lift miners’ cash flow and share prices, the mood -- at least... 

Barrick’s Japan exploration partner expands footprint

By: Creamer Media Reporter      24th September 2020 Canadian exploration company Japan Gold, which has a country-wide alliance with gold major Barrick Gold to jointly explore, develop and mine certain gold mineral properties and mining projects, has expanded its footprint in Japan. The company acquired the Kanehana project through the acceptance... 

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