Ironveld submits tax incentive application to S Africa’s DTI for 15 MW smelter

Pig iron developer Ironveld on Wednesday announced that it had submitted a 12I Tax Allowance Incentive application for its 15 MW smelter, in Limpopo, to the Department of Trade and Industry (DTI).... 

Study indicates significant potential for low operating cost at Mebaga

Aim-listed iron-ore and manganese development company Ferrex on Wednesday announced that a desktop study at its Mebaga direct shipping ore (DSO) iron-ore project in northern Gabon has indicated... 

Bell Equipment reports lower half-year earnings

Heavy equipment manufacturer Bell Equipment on Monday reported a reduced profit of R60.3-million for the six months ended June 30, compared with the R157.1-million generated during the first half... 

Stellar targeting September Baoulé trial mining start

Aim-listed diamond development company Stellar Diamonds’ Baoulé kimberlite diamond project, in Guinea, was on track for commissioning and processing of the first ore in September this year, CE Karl... 

Hummingbird secures $75m financing for Yanfolila development

Gold exploration and development company Hummingbird Resources has reached an agreement with Taurus Mining Finance Fund for a $75-million, two-phase debt facility that would enable the company to... 

Higher synfuels output, exchange rate changes boost Sasol FY profitability

Petrochemicals major Sasol on Monday announced that it expected its headline earnings per share (HEPS) for the year ended June 30 to increase by between 11% and 17%, and its earnings per share... 

Aureus assures New Liberty project on track, says no Ebola impact

Aim- and TSX-listed Aureus Mining on Friday confirmed that there had, to date, not been any reported or suspected cases of Ebola across its operations or anywhere near where the company operated.... 

Basil Read appoints Nicolau as new CEO

Construction, mining, development and engineering group Basil Read has announced the appointment of Neville Nicolau as CEO and executive director of the company as from September 1. Nicolau, a... 

Mwana reports mixed Q1 production results as modifications undertaken

Multicommodity miner Mwana Africa reported mixed production results from its Zimababwe-based operations – Freda Rebecca and Trojan Nickel – during the three months ended June 30 as modifications... 

Mining ceased at Kalsaka/Sega, Amara CEO resigns

Aim-listed west Africa-focused gold mining company Amara Mining on Wednesday announced that mining had been halted at its Kalsaka/Sega gold mine in Burkina Faso, and that the operation would be put... 

African Minerals focusing on cost savings to mitigate low iron-ore price

To mitigate the fall in the iron-ore price, Aim-listed African Minerals continued to focus on cost saving initiatives, actively managing working capital and capturing more of the available revenue... 

MDM awarded support contract for MMG Kinsevere copper project

Minerals process and project management company MDM Engineering has been awarded a contract to provide specific design and detailed engineering support to resources company MMG’s Kinsevere copper... 

Continental Coal to recapitalise balance sheet

South Africa-focused thermal coal producer Continental Coal on Wednesday announced that it had successfully arranged a fully underwritten nonrenounceable pro rata rights issue to raise about... 

Mpande limestone mining licence granted

ASX-listed Zambezi Resources on Tuesday announced that its Mpande limestone project, in Zambia, had been granted a 25-year large-scale mining licence. The granting of the mining licence to Zambezi... 

Avocet Q2 production down 6%, full-year guidance cut

Africa-focused gold miner Avocet on Tuesday reported a 6% decline in gold production to 21 650 oz for the three months ended June 30, as its Inata mine, in Burkina Faso, was limited to processing... 

African Potash starts drilling at Lac Dinga

Aim-listed exploration company African Potash has started drilling the first hole at its Lac Dinga project, in the Republic of Congo. The initial hole, which is planned to a depth of about 500 m... 

Gem Diamonds recovers 198 ct stone

London-listed Gem Diamonds has recovered a 198 ct, white type IIa diamond from its Letšeng mine, in Lesotho, at the end of July. Gem Diamonds said the exceptional white, high-quality diamond... 

Kolomela frees 2Mt of material in record blast

Iron-ore miner Kumba Iron Ore’s Kolomela mine, in Postmasburg, Northern Cape, set a new single blast record on Monday, freeing two-million tonnes of waste material for removal. The miner had set... 

Tawana targeting Mofe Creek pilot by 2015, commercial production in 2016

ASX- and JSE-listed Tawana Resources on Monday revealed it could possibly have a pilot-scale bulk mining and pilot plant at its Mofe Creek project, in Liberia, operational by the start of 2015,... 

Miranda considering alternative options to facilitate Benicon acquisition

Exploration company Miranda Minerals was in discussions regarding alternative options with a view to facilitating its participation in Sentula Mining subsidiary Benicon Coal after the sale of 50%... 

Loulo-Gounkoto making ‘significant’ contribution to Mali economy

Gold mining company Randgold Resources’ Loulo-Gounkoto gold mining complex, in Mali, contributed about 8% of the country’s gross domestic product, demonstrating the importance of the complex to the... 

Kenmare amends Moma financing terms, Absa loan date extended

London-listed Kenmare Resources has amended the terms of the project financing for its Moma mine, in Mozambique, and negotiated an extension of the repayment date of its $20-million loan from Absa,... 

Discussions under way on interoperable smartcards for passenger rail

The Department of Transport (DoT) was engaging with the Passenger Rail Agency of South Africa, the Gautrain Management Agency (GMA) and the Gauteng DoT with regard to implementing a compliant,... 

Govt considering legislation to incentivise municipalities, says Gordhan

The Department of Cooperative Governance and Traditional Affairs (CoGTA) is considering introducing legislation to incentivise positive behaviour among municipalities, Cooperative Governance and... 

ECSA calls on engineers to participate in Universum professionals survey

The Engineering Council of South Africa (ECSA) on Wednesday called on all engineering practitioners to participate in the 2014 Universum professionals survey to be launched on Thursday. ECSA noted... 

SA to be Africa’s ‘biggest construction site’ with plans to deliver 1.5m houses

By the end of the current government’s term of office in 2019, the Department of Human Settlements will have delivered 1.5-million houses, Human Settlements Minister Lindiwe Sisulu stated on... 

Bulk infrastructure key focus of R12.48bn water, sanitation budget

Water and Sanitation Minister Nomvula Mokonyane last month tabled the Department of Water and Sanitation’s (DWS’) R12.48-billion budget for the 2014/15 financial year, stating that the department’s... 

Bushveld vanadium scoping study indicates ‘robust economics’

JOHANNESBURG (miningweekly.com) – Aim-listed Bushveld Minerals on Monday announced the results of a scoping study for its 52-million-tonne Bushveld vanadium project, stating that the project... 

Giyani extends exclusivity period for negotiations with energy company

Southern Africa-focused Giyani Gold on Thursday announced that it remained in exclusive negotiations with a private international energy company with multiple projects in attractive jurisdictions,... 

StratMin secures second sales contract

London-listed StratMin Global Resources on Thursday announced that it had signed a second sales contract with a new graphite customer for material from its Madagascar-based Lohorano plant, which... 

Kumba, unions sign three-year wage deal

Kumba Iron Ore and trade unions, the National Union of Mineworkers (NUM) and Solidarity, have signed a three-year wage agreement that would result in increases of between 8.5% and 10% in the first... 

Lace UK4 production to reach steady state by H2 2015

Southern African diamond development and exploration company DiamondCorp expected to achieve steady-state underground production of 30 000 t/m at the upper K4 (UK4) block of its Lace diamond mine,... 

Oando acquires ConocoPhillips Nigerian oil and gas business for $1.5bn

Nigeria-focused oil and gas explorer Oando Energy Resources (OER) on Wednesday announced that it had completed the acquisition of the Nigerian upstream oil and gas business of New York-listed... 

Aureus raises £6.6m through IFC subscription

Aim- and ASX-listed Aureus Mining on Wednesday announced that the International Finance Corporation (IFC) has subscribed for 24.5-million units of the company’s shares, to raise gross proceeds of... 

Asanko's Dynamite Hill resource estimate likely Sept, mining to start Q3 2015

A maiden mineral resource estimate (MRE) for West Africa-focused project developer Asanko Gold’s Dynamite Hill deposit, in Ghana, is being compiled, following positive metallurgical testwork... 

Production halted at Doornkop mine following fatality

All production at gold miner Harmony Gold’s Doornkop mine, west of Johannesburg, has been stopped following a fatality owing to a fall-of-ground incident on Tuesday morning, the company reported,... 

Stage 1 of Rukwa definitive feasibility study to be completed by Nov

The first stage of the definitive mining feasibility study (DMFS) for Tanzania-focused mineral exploration and development company Kibo Mining’s Rukwa Coal to Power project (RCPP) would be... 

Tongon mine to show steady performance improvement during H2

A steady improvement in performance is expected at gold miner Randgold Resources’ Tongon mine, in Côte d'Ivoire, during the second half of the year, as the operation continues to make headway in... 

Tenova to supply bag filters to Richards Bay Port Terminal

State-owned freight logistics group Transnet has awarded integrated solutions provider Tenova Mining & Minerals South Africa a contract for the supply of three reverse-pulse bagfilters. Two of the... 

Merafe expecting 126% to 142% rise in half-year HEPS

JSE-listed Merafe Resources on Monday said it expected its headline earnings per share (HEPS) for the six months ended June 30 to be between 126% and 142% higher year-on-year. This increase, which...