Eastplats secures financing deal for Crocodile River Mine retreatment project

Dual-listed Eastern Platinum (Eastplats) and its subsidiary Barplats Mines have entered into an agreement with Union Goal Offshore Solution for the construction, mining and processing of the... 

Stellar trusting Newfield deal to provide Tongo-Tonguma funding

Aim-listed Stellar Diamonds has, over the past six months, continued to focus on sourcing the necessary funding to bring its Tongo-Tonguma project, in eastern Sierra Leone, into production. "The... 

Drilling programme ups resources at Namdini gold project

As a result of an additional 15 684 m of diamond drilling at dual-listed Cardinal Resources Namdini gold project, in Ghana, the company has converted its inferred category ounces into the indicated... 

New Century Resources appoints EPC contractor for zinc plant

ASX-listed New Century Resources has contracted Sedgman as its engineering, procurement and construction (EPC) contractor, while selecting Ausenco as preferred bidder for the complete refurbishment... 

Lucapa sells $1.7m diamond parcel from Lulo

Angola-focused diamond miner Lucapa Diamond Company sold 2 072 ct of diamonds recovered from the Lulo mine, achieving gross proceeds of $1.7-million during its second sale for the year. This... 

Strong H1 performance motivates Universal Coal to declare a mid-year dividend

Given the solid financial performance in the six months to December 31, ASX-listed Universal Coal has taken the decision to reward shareholders, declaring an interim dividend of A$0.01 a share... 

Bacanora eyes midyear construction start at Sonora

Dual-listed lithium exploration and development company Bacanora Minerals on Friday said it was keen to start the construction of a 35 000 t/y mine and processing plant at its Sonora project, in... 

Azure exploration returns strong zinc, lead anomolies

ASX-listed Azure Minerals' regional exploration programme over the western half of the Oposura project area, near Hermosillo, Mexico, has identified areas of strong zinc and lead anomalism and... 

Mastermyne secures early contractor involvement at proposed Isaac Plains development

ASX-listed Mastermyne Group has been selected as a contract partner for an early contractor involvement (ECI) process for ASX-listed Stanmore Coal's proposed Isaac Plains underground mine. The ECI... 

Improved H2 sees Grange record stable FY17 profit

ASX-listed Grange Resources' profit after-tax reached $60.7-million for the year ended December 31, despite a combination of iron-ore market uncertainty and operational difficulties experienced in... 

Perseus still looking at merits of an LSE listing

Dual-listed Perseus Mining on Friday said it was still examining the merits of listing on the LSE, on top of its ASX and the TSX listings. In view of that, the miner has decided to extend the... 

ACCC proposes joint gas marketing in Northern Territory

The Australian Competition and Consumer Commission (ACCC) has released a draft determination proposing to authorise joint gas marketing arrangements between joint venture partners ASX-listed... 

Fortescue secures $500m through bond offering

Australian iron-ore miner Fortescue Metals Group (FMG) has raised $500-million through offering 5.25% senior unsecured notes, due 2025. FMG CFO Ian Wells on Friday noted that the completion of the... 

Lithium Australia secures A$18m loan

ASX-listed Lithium Australia (LIT) has secured an A$18.27-million convertible note facility from US institutional investor Arena Investors. "Lithium Australia has previously announced our intention... 

Dual carriageway conversion for Joburg road

The Johannesburg Road Agency (JRA) has developed a draft design for the future upgrading of Jan Smuts avenue to a dual carriageway from Northwold drive to Bolton drive and from Eighth avenue to... 

Sasol Chemicals completes alumina expansion

Sasol Chemicals' inorganics and catalyst division has completed a 15 000 t/y expansion of alumina capacity at its  Brunsbuettel site, in Germany, enabling the company to meet growing global demand.... 

Central bank keeping abreast of fintech developments

The South African Reserve Bank (SARB) has established a financial technology (fintech) programme to strategically assess the emergence of fintech in a structured and organised manner, and to... 

R57bn for fee-free higher education and training

Finance Minister Malusi Gigaba on Wednesday said R57-billion from the 2018 Budget would be allocated towards the fee-free higher education and training alluded to by former President Jacob Zuma in... 

Jubilee, BMR extend agreement deadline for Zambia project

Dual-listed Jubilee Metals Group and Aim-listed BMR Group have agreed, under their joint venture (JV) agreement for the Kabwe lead/zinc/vanadium project, in Zambia, to extend the date for the... 

Stratex welcomes geologist Livesey as CEO

Gold-focused Stratex International on Thursday welcomed CEO Tim Livesey in his new position. “I am very pleased to be joining Stratex International and am looking forward to working with the team... 

Battery Minerals completes scoping study on Balama graphite project

ASX-listed Battery Minerals has completed a $50.1-million scoping study on its Balama Central graphite project, in Mozambique, to determine the potential viability of an openpit mine and building a... 

Bluebird makes speedy progress on Kochang reopening

Asia-focused resource development group Bluebird Merchant Ventures on Wednesday said that it had made significant progress on the Kochang gold and silver mine in South Korea, since signing its $750... 

Savannah appoints Hatch for Mina do Barroso scoping study

Aim-listed Savannah Resources has appointed multidisciplinary engineering consultancy Hatch to conduct a scoping study of a potential mine development of the Mina do Barroso lithium project, in... 

Artemis plans 3.3 km drill hole in the Pilbara

ASX-listed Artemis Resources plans to drill a super-deep 3 300 m diamond drill hole on its Balmoral area, about 50 km south of its Radio Hill Mine, in Western Australia. The drill site for ASD-1... 

Pilbara to fast-track Pilgangoora development as new investor comes to play

The multi-faceted agreement signed between South Korean steelmaker Posco and Australian lithium miner Pilbara Minerals this week would strengthen the latter's balance sheet, allowing it to... 

African Rainbow Minerals expects to swing back into the black in H1

Diversified miner African Rainbow Minerals (ARM) expects its earnings a share for the six months to December 31 to improve to between 912c and 930c, compared with the basic loss a share of 134c... 

AECI mining division reports improved operating profit

Explosives and specialty chemicals group AECI's mining solutions segment's revenue declined by 2.2% to R9.7-billion in the year ended December 31, owing to lower ammonia prices and a stronger rand... 

AECI posts record HEPS for FY17

Explosives and specialty chemicals group AECI on Tuesday reported its highest recorded headline earnings per share (HEPS) to date, at 959c, for the financial year ended December 31. HEPS were up... 

Prospect starts small scale lithium carbonate production

ASX-listed Prospect Resources has started commissioning its battery grade lithium carbonate pilot plant in Kwekwe, Zimbabwe. The laboratory complex in the Kwekwe area supports the laboratory scale... 

Santos launches $750m Queensland gas project

Domestic gas supply and regional jobs in Queensland are set to gain considerably with Santos GLNG investing $900-million in upstream gas developments in Maranoa, Western Downs, Central Highlands... 

EganStreet drilling programme delivers high-grade gold

Western Australia is set to gain a new high-grade gold mine, after drilling results show ASX-listed EganStreet Resources' Rothsay project to have a 0.3 m seam containing about 159 g/t. The average... 

Iluka declares dividend, sees growth on price increases

ASX-listed Iluka Resources has recorded a 140% increase in its underlying earnings before interest, tax, depreciation and amortisation to $361-million for the year ended December 2017, with... 

More strides taken towards BK16 production - Tsodilo

The first consignment of 43 drums of concentrate from the BK16 kimberlite project, in Botswana, have been securely moved to TSX-listed Tsodilo Resources' final recovery area in its security complex... 

Alexander receives patent for cobalt leaching

Aim-listed Alexander Mining has received notification that its MetaLeach subsidiary has been granted an African Regional Intellectual Property Organisation (Aripo) patent in Zambia for a method for... 

Sylvania Platinum lowers FY production guidance, but lifts H1 profit as prices improve

Lower platinum group metal (PGM) grades across its Millsell and Mooinooi dumps during the six months to December 31, has prompted Aim-listed Sylvania Platinum to revise its full-year guidance... 

Aforo shifts focus to Burkina Faso

Australian gold miner Aforo Resources has signed a joint venture option agreement for two gold projects in Burkina Faso, including Nordgold's Niare gold project where a non-Joint Ore Reserves... 

Lucara buys digital sales platform, refreshes board

Botswana-focused miner Lucara Diamond has acquired Clara Diamond Solutions, a company whose primary asset is a secure, digital sales platform aimed at transforming how rough diamonds are sold.... 

Pakistan coal-fired power project moves closer to development

The Private Power and Infrastructure Board (PPIB) of Pakistan has approved the issue of notice to proceed (NTP) and letter of intent (LoI) for a coal mine and mine-mouth power plant in Block VI of... 

Global footprint of wind turbines continued to grow in 2017

The overall capacity of all wind turbines installed worldwide by the end of 2017 reached 539 291 MW, preliminary statistics published by World Wind Energy Association (WWEA) has shown. A WWEA... 

Signs of manufacturing recovery, despite ongoing metals industry pressures

The latest preliminary production data for the metals and engineering sector, released by Statistics South Africa (Stats SA) on Thursday, reflected a slowdown in production in December, despite a...