AngloGold reports miner death at TauTona

A rock drill operator at AngloGold Ashanti’s TauTona mine, in Carletonville, has died following a fall-of-ground incident on Monday. The Department of Mineral Resources had been notified of the... 

Sherritt braces for C$1.6bn impairment of nickel assets

Nickel miner and refiner Sherritt International Corporation has cautioned the market of an expected $2.4-billion impairment of the Ambatovy joint venture (JV) assets, in Madagascar, citing lower... 

Kibo Mining to extend exploration beyond Mbeya coal project

Three new prospecting licences (PLs) have been issued to Tanzania-focussed Kibo Mining’s wholly-owned subsidiary Rukwa Coal, allowing the JSE-listed miner to extend exploration to tenements... 

True Gold inks $10m refinancing deal with precious metals merchant

Toronto-listed gold producer True Gold has entered into an equipment refinancing facility with precious metal merchant Auramet International for $10-million, the company said on Monday. “This fixed... 

Bauba Platinum shutters Moeijelijk mine, halts project

Bauba Platinum has attributed a nosedive in the chrome price in late 2015 with its decision to halt development of its chrome project and place the Moeijelijk mine, in the North West, under... 

Kibo advances talks with Tanzania over Mbeya energy offtake

Dual-listed mineral explorer Kibo Mining continues to finalise a memorandum of understanding (MoU) with Tanzania Electric Supply Company (Tanesco) regarding a power purchase agreement (PPA) for the... 

Eskom to select coal supplier for Arnot station by March

Energy utility Eskom is in the throes of reviewing various requests for proposals submitted as part of its hunt for a new coal supplier for the Arnot power station, in Mpumalanga, after the... 

Weatherly releases option to buy Tsumeb tailings operation

Multicommodity miner Weatherly International has announced the release of its option to buy the Tsumeb tailings facility, in Namibia, from Dundee Precious Metals subsidiary Dundee Precious Metals... 

Rockwell to close Jhb head office, cull workforce

Emerging from a year in which it continued to battle underwhelming diamond recovery, grade and volumes, junior diamond miner Rockwell Diamonds has announced plans to shut its Johannesburg-based... 

M&R subsidiary buys project, construction management group

Murray & Roberts (M&R) subsidiary Cementation Canada has completed the acquisition of project and construction management services group Merit Consultants International. Merit has worked with... 

Vedanta appoints electrical engineer to head up Indian metals division

Vedanta Resources has appointed Samir Cairae as CEO of its Indian diversified metals division, a position in which he will be responsible for the performance of Vedanta aluminium and India copper,... 

Caledonia exceeds FY 2015 guidance to deliver 42 806 oz of gold

Caledonia Mining Corporation’s 49%-owned subsidiary the Blanket mine, in Zimbabwe, has lifted gold production by 2.5% year-on-year, delivering 42 806 oz in the year ended December 31, exceeding its... 

African dealmaking muted in 2015 as global M&A hits record highs

As global mergers and acquisitions (M&A) hit record highs in 2015, dealmaking activity in sub-Saharan Africa remained relatively muted over the year, despite an uptick in activity in key markets... 

No price panacea forecast for precious metals in 2016 – report

The price of gold and silver bounced higher in the first week of the new year, rising by over 1% on safe-haven bids, as tensions between Iran and Saudi Arabia mounted in the wake of the two... 

Investment from US firm sees Vast raising £5m

Diversified minerals miner Vast Resources, which has operations in Zimbabwe and Romania, has entered into an agreement with US-based Crede Capital that will see the investment group subscribing for... 

Waterberg requests extension of ASX share suspension

JSE-listed The Waterberg Coal Company has made a request to the ASX for an extension to its current voluntary suspension in the trading of its securities, which expires prior to the start of trade... 

Botswana Diamonds raises £458 655 through share placement

Diamond explorer Botswana Diamonds has undertaken a private placing to conditionally raise cash £458 655 through the placing of 53.95-million new ordinary shares at a placing price of 0.85p. The... 

African Potash secures 4.74% slice in mining investor Blenheim

Aim-listed exploration company African Potash has subscribed for 8.75-million ordinary shares at a price of 0.8 pence per ordinary share in the enlarged share capital of Blenheim Natural Resources,... 

Sentula looks to market to raise R105.58m

Diversified miner Sentula has announced its intention to raise R105.58-million through a partially underwritten rights offer of 586.5-million shares. This came amid discussions with its existing... 

New Resgen board reviews Boikarabelo architecture

Following a successful board spill by three major shareholders last month, dual-listed Resource Generation (Resgen) says its new executive management and board, which included a new chairperson,... 

DiamondCorp kicks off diamond production at Lace mine

Southern African diamond mining, development and exploration company DiamondCorp has started production ramp-up from the Upper K4 Block (UK4) of its Lace diamond mine, in the Free State. The first... 

Jubilee inks deal with Hernic Ferrochrome to process tailings

Mine-to-Metals company Jubilee has executed a cooperation agreement with Hernic Ferrochrome on the processing of the platinum-containing surface chrome tailings currently stockpiled and generated... 

Weatherly updates Tschudi copper ore reserves to 24.4Mt

London-listed Weatherly International has announced updated ore reserves of 24.4-million tons at 0.85% copper for 214 000 t of contained copper metal after mining depletion of 8 000 t at its... 

Hummingbird lifts probable reserves at Yanfolila

Aim-listed Hummingbird Resources has announced gross maiden probable reserves of 6.82-million tons @ 3.03 g/t for 665 600 oz of gold at its Yanfolila project, in Mali – an increase of 118 600 oz of... 

Lucara terminates share purchase deal with Paragon

Aim-listed Paragon Diamonds has received a notice of termination for its share purchase agreement with the Lucara Diamond Corporation with regards to the acquisition of the Mothae kimberlite... 

Diamond producers may need to cut prices to boost demand – Moody’s

Diamond producers may have to cut prices further to revive dampened demand, with rough diamond prices likely to remain under pressure over the next 12 to 18 months, Moody’s Investor Services noted... 

Aquarius shareholders to vote on Sibanye deal in January

Aquarius Platinum will this week distribute to shareholders information related to the proposed acquisition of Aquarius by Sibanye Gold for a cash consideration of $0.195 a share. The transaction,... 

AMSA CEO resigns, but to stay on as nonexecutive director

ArcelorMittal South Africa (AMSA) CEO and executive director Paul O’Flaherty has resigned, citing a wish to “pursue other interests”. He would step down after the announcement of the 2015 year-end... 

PIC snaps up unsold shares in Lonmin to secure 29.99% stake

Delivering the beleaguered platinum miner a market lifeline, the Public Investment Corporation of South Africa has taken up the unsold shares offered under Lonmin’s Friday rights issue, leaving the... 

Tshipi to slash manganese exports, labour force amid depressed market

Tshipi é Ntle Manganese Mining will reduce exports over the the next three months by at least 35%, and by 30% in 2016, and has also started with a restructuring process that could see it cutting... 

West African Resources raises $2.1m through share placement

Gold developer West African Resources (WAF) has completed a capital raising of $2.1-million to accelerate the development of high-grade oxide mineralisation at the M1 and M3 prospect, at its... 

High-grade gold mineralisation confirmed at Sula’s Sierra Leone play

A recent drilling campaign at multicommodity exploration company Sula Iron & Gold’s Sierra Leone-based Ferensola gold project has intersected high-grade gold mineralisation, the company said on... 

Lonmin rights issue undersubscribed

Dual-listed Lonmin’s shares were trading lower on the JSE and LSE on Friday morning, after it announced that its $407-million rights issue had been undersubscribed. The platinum miner had received... 

Training PPP aims to plug key technical skills gap

A public–private partnership (PPP) between electronics manufacturer Samsung Electronics, the Manufacturing, Engineering and Related Services Sector Education and Training Authority (Merseta) and... 

As drought bites, call made for new water consumption culture

As South Africa battles water restrictions precipitated by the El Niño phenomenon, aged infrastructure, above-average temperatures, below-average rainfall and climate change, industry stakeholders... 

Moody’s warns of ‘deep and long’ commodity price downswing

Based on its revised, weaker global growth expectations for 2016, softening demand, the strength of the dollar and continued uncertainty surrounding metal demand in China, Moody’s Investor Service... 

Petra sells 23 ct pink diamond for $10.05m

An “exceptional” 23.16 ct pink diamond uncovered at Petra Diamonds’ Williamson mine, in Tanzania, in November, has been sold into a partnership arrangement for $10.05-million, or $433 938/ct for... 

Jubilee concludes Pollux deal with issuance of 1.51m shares

Concluding its acquisition of Pollux Investment Holdings from Lipsoset Proprietary, mines-to-metals company Jubilee Platinum has made the third and final tranche payment of R1-million through the... 

Drilling at PTM’s Waterberg play confirms mineralisation continuity

Drilling at dual-listed Platinum Group Metals’ (PTM’s) Waterberg project, in the North West, has demonstrated good continuity in the near-surface Super F zones, extending the Northern Super F zone... 

Hudbay CEO resigns to head up Goldcorp

Copper and zinc miner Hudbay Minerals CEO and president David Garofalo has resigned, following his appointment as president and CEO of fellow miner Goldcorp. Hudbay has appointed COO Alan Hair to...