Geological tests at Guadalupe de los Reyes indicate high-grade mineralisation

Geological mapping and rock sampling along several structures at junior mineral exploration and development company Cangold’s 6 302 ha Guadalupe de los Reyes (GDLR) gold/silver project, in Mexico,... 

North River receives second tranche of equity funds

Aim-listed North River Resources has received the $2.88-million second-tranche equity funds under its $12-million investment agreement with Greenstone Resources. Accordingly, Greenstone had been... 

Atlanta sells Abitibi gold property to focus on Atlanta, Neal properties

Mine developer Atlanta Gold has sold its Abitibi gold property, in western Quebec, to Canadian junior miner Vantex Resources. Atlanta president and CEO Ernest Simmons said on Tuesday that the sale... 

Gold miners form working group to seek solution to occupational lung disease

Mining companies Anglo American South Africa, AngloGold Ashanti, Gold Fields, Harmony Gold and Sibanye Gold on Tuesday announced that they had formed an industry working group to tackle issues... 

Eskom UCG commercialisation date ‘slips’ amid permitting delays

State-owned power utility Eskom was no longer targeting 2017 for the commercialisation of underground coal gasification (UCG) at its Majuba power station, in Mpumalanga, owing to delays in... 

Mining equipment market recovery expected from 2016 onwards – Barloworld

JSE-listed Barloworld delivered a solid performance in the year ended September 30, with headline earnings a share from continuing operations having increased by 10% to 857c, CE Clive Thomson... 

Atlatsa delivers record Q3 performance

Platinum miner Atlatsa Resources achieved record quarterly performance in the three months ended September 30, narrowing its net loss by 96.4% year-on-year to C$560 000 from C$15.45-million in the... 

Anglo Zimele countrywide roadshow to launch November 19

Mining major Anglo American’s enterprise development arm Zimele would, next week, launch the first leg of its countrywide roadshow aimed at showcasing the Zimele Sebenza Fund, which provided equity... 

‘Giant Flag’ construction to start next year

Construction of the R170-million Giant Flag project, in the Camdeboo municipal area of the Karoo, is scheduled to start early next year, creating more than 700 jobs in the area. The 66 ha South... 

Affordability, cooperation key to housing development

Affordability was the key issue facing South Africa in terms of human settlements and housing development, South African Affordable Residential Developers Association committee member and Basil... 

Sanral commits to enviro-friendly development

The South African National Roads Agency Limited (Sanral) is committed to environment-friendly development but is faced with a number of challenges, which it is striving to overcome through various... 

First Parkhurst homes go live on Vumatel fibre-to-the-home network

Telecommunications start-up Vumatel announced late last month that the first homes in Parkhurst, Johannesburg, had gone live on its fibre-to-the-home (FTTH) network, providing residents with... 

Time for Africa to increase its contribution to space economy

The African continent had to move away from being a “client” in terms of accessing scientific information to rather having customers coming to the continent to access its information, Science and... 

Wescoal to be a vastly different company by end of FY, H1 profit up

JOHANNESBURG (miningweekly.com) – Junior coal miner and supplier Wescoal would be a vastly different company at the end of the current financial year as new developments came on stream, Wescoal CEO... 

Harmony narrows Q1 2015 loss

JOHANNESBURG (miningweekly.com) – Gold miner Harmony Gold narrowed its losses by 78% quarter-on-quarter to R226-million, on the back of higher production, in the first quarter of the company's 2015... 

$70m investment to increase Blanket mine’s output by up to 75 000 oz by 2021

JOHANNESBURG (miningweekly.com) – Increased investment in triple-listed Caledonia Mining’s 49%-owned Blanket mine, in Zimbabwe, as set out in the mine’s revised plan, was expected to give rise to... 

Solidarity, NUM sign agreements with Sibanye to soften job cuts

Trade union Solidarity on Thursday announced that it had signed a cooperation agreement with gold producer Sibanye Gold to limit the impact of job cuts at the company’s Cooke 4 shaft, on the West... 

Stellar targeting 2 000 ct/m from Baoulé in 2015

Aim-listed Stellar Diamonds aims to increase its production at its Baoulé kimberlite project, in Guinea, to 2 000 ct/m during 2015, Stellar CE Karl Smithson said on Thursday. He noted that the... 

Caledonia Q3 profit down on lower Blanket production

TSX- and Aim-listed Caledonia Mining on Thursday reported reduced profit for the three months and nine months ended September 30 on the back of lower-than-expected gold production at its Blanket... 

Amec, Foster Wheeler merge to create £5.5bn company

Engineering and project management company Amec has completed its merger with Switzerland-headquartered global engineering and construction company and power equipment supplier Foster Wheeler. The... 

September mining production up 5.3%

South African mining production increased by 5.3% year-on-year in September, the latest data from Statistics South Africa (Stats SA) has shown. Stats SA on Thursday said the main contributors to... 

Centamin Q3 gold production up 15%

Dual-listed Centamin increased its gold production by 15% quarter-on-quarter and 10% year-on-year to 93 624 oz in the three months ended September 30. "The ramp-up in productivity from the process... 

Bauba awarded chrome mining permit, acqusition conditions fulfilled

JSE-listed Bauba Platinum subsidiary Bauba A Hlabirwa Mining Investments has been awarded a mining permit for the mining of chrome ore and, accordingly, the last condition precedent for its... 

Platinum exchange could benefit SA economy, advance beneficiation objectives

If South Africa was serious about platinum beneficiation it had no choice but to put in place a platinum exchange, investment company Pan-African Capital Holdings CE Dr Iraj Abedian said on... 

Firestone raises $5m for Waterberg coal project development

Coal developer Firestone Energy on Monday announced that it had raised $5-million through the issue of convertible notes to advance the development of its Waterberg coal project, in Limpopo. The... 

Rukwa power plant PFS to be completed early Dec

The prefeasibility study (PFS) for Tanzania-focused Kibo Mining’s planned 300 MW power plant at its Rukwa coal-to-power project (RCPP), in Tanzania, would start immediately, with the full study to... 

ABG shareholders to vote on name change

Gold miner African Barrick Gold (ABG) has scheduled a general meeting for November 26 during which shareholders would consider and potentially approve changing the company’s name to Acacia Mining.... 

Mining starts as Tschudi project remains on track to deliver first copper in Q2 2015

Mining has started at Aim-listed Weatherly International’s Tschudi copper project, in Namibia, with the project on track to produce its first copper in the second quarter of next year. “In recent... 

Foster Wheeler completes acquisition of MDM Engineering

Global engineering and construction company Foster Wheeler announced earlier this month that an indirect wholly owned subsidiary of the company had completed its acquisition of metallurgical... 

SMME funding not responsibility of govt alone – Zulu

Government could not take responsibility for radical economic transformation and small business development on its own, Small Business Development Minister Lindiwe Zulu asserted on Thursday.... 

Municipalities to bid for small business infrastructure support

The Department of Small Business Development (DSBD) would soon invite applications from local municipalities for incentives to cover the building or renovation of infrastructure that could support... 

Shell hands over exploration data to universities

Energy company Shell has handed over rare, high-quality three-dimensional (3D) seismic data, collected off the west coast of South Africa, to the universities of the Western Cape and Cape Town to... 

Motsepe Foundation, ARM donate $1m to Guinea Ebola fund

JOHANNESBURG (miningweekly.com) – Motsepe Foundation founder and African Rainbow Minerals (ARM) executive chairperson and founder Patrice Motsepe has donated $1-million to Guinea’s Ebola Fund on... 

DRA awarded first phase of Exxaro’s Belfast coal implementation project

JOHANNESBURG (miningweekly.com) – Engineering and project delivery company DRA has been awarded the $4.5-million first phase contract of JSE-listed Exxaro Resources subsidiary Exxaro Coal’s Belfast... 

Edenville commissions Rukwa power plant PFS

African coal explorer Edenville Energy on Wednesday commissioned the feasibility study for the establishment of a 100 MW clean coal thermal power plant at its Rukwa coal project, in Tanzania.... 

Yaoure PFS expected to confirm robust project economics

West Africa-focused gold mining company Amara Mining’s Yaoure gold project, in Côte d'Ivoire, is one of the few West African projects that will still be able to generate robust returns at a gold... 

Centamin reduces full-year Sukari production forecast

Dual-listed Centamin on Wednesday reduced its production guidance for its Sukari mine, in Egypt, for 2014 to between 370 000 oz and 400 000 oz, compared with the previously forecast 420 000 oz.... 

Harmony narrows Q1 2015 loss

Gold miner Harmony Gold narrowed its losses by 78% quarter-on-quarter to R226-million, on the back of higher production, in the first quarter of the company's 2015 financial year, ended September... 

Savannah raises £352 000 to advance Oman, Mozambique exploration

Aim-listed exploration and development company Savannah Resources has raised £253 000 through the placing of 5.69-million new ordinary shares, at 4.45p a share, to new and existing investors. The... 

Beacon Hill making progress with new debt facility, debt restructuring

Aim-listed Beacon Hill Resources was making steady progress with regard to a new debt facility for the Minas Moatize coking coal mine expansion project, in Mozambique, and the restructuring of...