Govt to fast-track finalisation of outstanding mining policy

To take advantage of the cyclical upturn in the mining sector and improved investor sentiment to boost economic growth, government needs to finalise outstanding policy and administrative reforms.... 

Moab Khotsong deal concluded

Harmony Gold on Tuesday said all conditions precedent to its acquisition of Moab Khotsong from AngloGold Ashanti had been met and that the transaction would become effective on March 1. "The... 

Air Liquide launches €200m air separation unit at Sasol

Gas company Air Liquide has launched a €200-million air separation unit (ASU) at energy and chemicals company Sasol's Secunda plant. Said to be the biggest oxygen production unit in the world, the... 

Joburg teams up with private sector on recycling scheme

Adcock Ingram Critical Care, Netcare, Johannesburg Mayor Herman Mashaba and the City of Johannesburg, this week launched a project that recycles used, nonhazardous intravenous infusion drip bags... 

AfDB renews its commitment

The African Development Bank (AfDB) plans to provide 29.3-million people on the continent with access to electricity by 2020. Speaking during meetings of the United Nations Economic Commission for... 

Commission proposes conditions for Scaw acquisition

The Competition Commission has recommended that the Competition Tribunal approve the proposed transaction, with conditions, whereby Barnes Southern Palace intends to acquire steel maker Scaw from... 

Botswana Diamonds undertakes scoping study at Thorny River

Aim-listed Botswana Diamonds has started a scoping study to determine the commercial potential of the Thorny River diamond project, which is a consolidation of the Frischgewaagt, Hartbeesfontein... 

DRDGold lifts H1 profit on higher production

Dual-listed gold recovery company DRDGold on Thursday posted a 27% year-on-year increase in operating profit to R219.9-million for the six months ended December  31, on the back of an 11%... 

Pretorius sees WRTRP transaction as an investment

Johannesburg-focused gold processor DRDGold is hoping that the addition of the West Rand tailings retreatment project (WRTRP), currently the subject of a R13-billion deal with Neal Froneman-led... 

Kumba profit up 12% in 'royal flush' year – CEO

In a year that CEO Themba Mkhwanazi describes as a "royal flush", Kumba Iron Ore posted a 12% increase in headline earnings to R9.7-billion. Headline earnings reached R30.47 a share, while earnings... 

Westgold, S2R shake hands on gold tenements

ASX-listed companies Westgold Resources and S2 Resources (S2R) have entered an agreement, whereby Westgold would acquire S2R's interest in the Polar Bear project, its 80% interest in the Eundynie... 

Middle Island to exit West Africa as focus shifts to Australia project

ASX-listed Middle Island (MDI) has signed a heads of agreement (HoA) to sell its remaining gold interests in West Africa, as its focus shifts to Western Australia. The HoA with TSX-V-listed Tajiri... 

PFS outlines 'compelling case' for Pilgangoora expansion – Pilbara

Australian lithium developer Pilbara Minerals has delivered a prefeasibility study (PFS) for its flagship 100%-owned Pilgangoora lithium/tantalum project, in Western Australia. The company reported... 

Savannah's Mina do Barroso drilling programme shows good results

Aim-listed Savannah Resources on Monday said that it had identified significant widths of lithium mineralisation through the ongoing reverse circulation (RC) drill programme at its Mina do Barroso... 

Oracle Power gets approval for next step in coal, power plant 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... 

Top mining companies' value increased by 15.5% y/y

The 25 top global mining companies were worth an aggregate $818.2-billion at the end of January, a 15.5% increase compared with their value in the corresponding month in 2017, when the same... 

Maiden resource estimate declared for Kapunda copper project

Terramin Exploration (TEL), a wholly owned subsidiary of Terramin Australia and its joint venture (JV) partner, Environmental Copper Recovery (ECR), have completed the maiden on site recovery (ISR)... 

Cooper Energy swings to H1 profit as it executes gas strategy

Australian gas producer Cooper Energy has grown its net profit, operating cash flow, production and reserves by 200% in the first half of the 2018 financial year, as the company realised gains from... 

QRC, Aurizon at loggerheads over coal line maintenance

The Queensland Resources Council (QRC) on Monday said it was "extremely disappointed" by Aurizon's move to pre-empt the state's regulatory process by moving to change its maintenance programme... 

Kumba expects FY17 earnings to soar as production improves

Kumba Iron Ore's headline earnings for the year ended December 31 are likely to increase by 7% to 15% year-on-year to between R9.3-billion and R9.98-billion and its headline earnings per share... 

New petroleum pipelines regulator appointed

The National Energy Regulator of South Africa (Nersa) has appointed Muzuvukile Mkhize as full-time regulator member responsible for petroleum pipelines regulation, following Cabinet approval.... 

CompCom suspends advisory services pending appeal

The Competition Commission has suspended its advisory opinion services pending the finalisation of the case against Hosken Consolidated Investments (HCI). This follows a Competition Appeal Court... 

Gold Fields expects up to 12% decrease in FY17 HEPS

Dual-listed Gold Fields on Thursday said it expected as much as a 12% drop in its headline earnings per share (HEPS) for the 2017 financial year. HEPS would be between $0.23 to $0.26 apiece. 

Limpopo roads agency seeks funding from mining sector

Roads Agency Limpopo (RAL) will, on February 16, host a stakeholder engagement and fundraising session with the mining industry in the Sekhukhune district municipality. The session is aimed at... 

Miranda Minerals gets prospecting right for base metals project in Northern Cape

The Department of Mineral Resources has granted Miranda Minerals a prospecting right in respect of the remainder of Rozynenbosch farm No 104, measuring 6 483 ha, in the Northern Cape. The right is... 

Peabody delivers best result in five years, eyes continued growth

Reflecting a strong operational performance, significant cash generation and debt repayment, NYSE-listed coal miner Peabody on Thursday reported adjusted earnings before interest, taxes,... 

Orca Gold gets water use permit for Sudan project

TSX-listed Orca Gold has received an exclusive permit for the exploitation of water from the Area 5 aquifer, first discovered by the company in May 2017, from the government of Sudan. The water... 

Troy Resources delivers sizeable production in January

South America-focused gold miner Troy Resources achieved gold production of 6 124 oz of gold in January, in line with budget and at a similar level to the previous month's production of 6 224 oz.... 

Stronger rand, PGM sales lift Amplats' FY17 earnings

Anglo American Platinum (Amplats) expects headline earnings and headline earnings per share (HEPS) for the year ended December 31, 2017, to be at least R373-million or 143c apiece, higher than for... 

DRDGold provides profit guidance for WRTRP

Dual-listed DRDGold on Tuesday said it expects the West Rand tailings retreatment project (WRTRP) to generate a profit of R229.4-million for the 12 months ending December 31, 2019. The company is... 

S2 identifies gold/silver zones at Storgroven, Sweden

Base of till drilling at the Storgroven target, which forms part of ASX-listed S2 Resources' Skellefte project, in Sweden, has identified two adjacent zones of gold/silver mineralisation, with... 

Highland Gold updates Kekura resource as DFS is completed

Aim-listed Highland Gold Mining has updated its resources for the Kekura gold project, located in the Chukotka region in Russia's Far East, following the completion of a definitive feasibility... 

Cape Lambert appoints consultant for Kipushi engineering review

ASX-listed resource and investment company Cape Lambert has appointed South Africa-based engineering consulting firm GWCH Consulting to complete the detailed engineering review of the Kipushi... 

Australian minerals sector contests 'water trigger'

Australian mining's water use, as a share of national consumption, has fallen from 3.9% to 3.7% between 2014/15 and 2015/16, a submission to the Senate Inquiry into water use by the extractives... 

Monetary policies, US politics weigh on 2017 gold demand

The gold story over the past two years has been one of polar opposites, with the significant demand for gold in 2016 offset by a more muted 2017, the World Gold Council (WGC) outlined on Monday.... 

CompCom gives DRDGold conditional thumbs up to buy Sibanye tailings assets

The Competition Commission has recommended that the Competition Tribunal approve, with conditions, DRDGold's acquisition of certain assets from Sibanye-Stillwater. The gold producers in November... 

Lucapa completes first sale of the year

ASX-listed Lucapa Diamond Company and its partners Empresa Nacional de Diamantes and Rosas & Petalas have completed the first sale for 2018 from the Lulo diamond project in Angola, for this year.... 

Barminco makes strong turnaround

Underground hard-rock mining contractor Barminco on Friday reported earnings before interest, taxes, depreciation, and amortisation (Ebitda) of $75.6-million for the half year ended December 31,... 

West African gold explorer seeks to raise $6m in Australia IPO

West African gold exploration company Mako Gold is seeking to raise $6-million through the placement of 30-million shares in an initial public offering (IPO) at $0.20 apiece. For every two shares... 

Wine industry sees positives despite possible R700m farm gate shortfall

The smaller wine grape harvest anticipated by industry body Vinpro for this year is expected to result in a R700-million shortfall at farm gate, at a time when production costs have doubled in the...