Keaton Vanggatfontein H1 production up 5%

JSE-listed Keaton Energy on Monday reported that output of washed 2- and 4-seam coal from it’s Vanggatfontein colliery, in Mpumalanga, had increased 5% year-on-year to 1.2-million tons in the first... 

IFM, Chrometco agree to start Rooderand chrome mining

London-listed International Ferro Metals (IFM) has signed an agreement with JSE-listed Chrometco for the start of mining at the Rooderand LG6 openpit mine, in the North West. IFM said the Phase 1... 

Bellzone to raise up to £1.7m

Aim-listed Bellzone Mining on Friday announced that it was planning to raise up to £1.7-milion through the issue of about 337-million new ordinary shares at a placing price of 0.5p, to enable the... 

Rustenburg BRT station construction set to start before year-end

Construction on the bus rapid transport stations for Phase 1A of the Rustenburg Rapid Transport (RRT) project was likely to start before the end of the year, with the construction tenders currently... 

Employment up in Q2, as jobs stats sampling is reassessed

The number of people employed in the formal, nonagricultural sector of the South African economy increased by about 155 000 people, or 1.8%, from March to an estimated 8.67-million employees in... 

Mining, manufacturing turnover fell in Q2

During the three months ended June 30, the total turnover of all industries in the South African economy, excluding agriculture, financial intermediation, insurance and government institutions,... 

Municipal electricity purchases up 27.8%

Purchases of electricity by municipalities increased by 27.8% quarter-on-quarter for the three months ended June 30, to R15.26-billion, while purchases of water increased by 1.4% over the period,... 

Stakeholders have until Oct 31 to submit comments in LPG enquiry

The Competition Commission has made a call for submissions in terms of its enquiry into the liquefied petroleum gas (LPG) industry, giving stakeholders until October 31 to submit their comments.... 

$3bn in climate adaptation support for developing countries

The Global Environment Facility (GEF) has allocated more than $3-billion in financing to support developing countries in mitigating and adapting to climate change over the next four years. An... 

Q3 civil confidence up despite decline in construction activity

Despite a decline in construction activity, confidence in the civil construction industry, as measured by the First National Bank (FNB) and Bureau for Economic Research (BER) civil confidence... 

R2.1bn allocated to mining town development over MTEF period – Radebe

A total of R2.1-billion has been ring-fenced in the Department of Human Settlements’  medium-term expenditure framework period for housing projects in mining towns, with R290-million of this amount... 

Ferrum Crescent to raise A$2.03m to advance Moonlight BFS

Triple-listed Ferrum Crescent on Thursday announced that it was undertaking a nonrenounceable pro rata rights issue to raise about A$2.03-million. Ferrum noted that the rights issue would be... 

Initial financial modelling confirms robust Rukwa mine project economics

JSE- and Aim-listed Kibo Mining on Thursday announced that initial financial modelling at its Rukwa coal mine, in Tanzania, had confirmed robust project economics, with continued surface mining... 

Centamin Sukari mine lifts Q3 output 15%

Gold output at dual-listed Centamin’s Sukari mine, in Egypt, increased 15% quarter-on-quarter and 10% year-on-year to 93 624 oz for the three months ended September 30. Centamin stated that the... 

Bokoni opencast ops suspended, SAPS deployed amid community violence

The situation in the area surrounding platinum miner Atlatsa Resources’ Bokoni mine, in Limpopo, remained tense on Wednesday afternoon, with police having been deployed to the area, following the... 

London Mining share price drops amid funding concerns

Iron-ore explorer London Mining’s share price on the LSE fell 96% in early morning trade as the company updated the market on its financing challenges. The company’s share price fell to a low of... 

Weatherly posts FY loss as lower copper prices impact on profitability

Aim-listed Weatherly International posted a loss of $5.7-million for the financial year ended June 30, compared with a profit of $1.6-million during the prior financial year, as lower copper prices... 

White Rivers, Harmony Gold enter exploration JV

Mineral explorer and developer White Rivers Exploration (WRE) and gold miner Harmony Gold have entered into a joint venture (JV) to explore and develop potential gold resources at WRE’s Beisa... 

Worldsteel lowers global demand forecast for 2014, 2015

The World Steel Association (worldsteel) on Monday lowered its global steel demand growth forecast to 2% for 2014 and 2015, as the positive momentum seen during the second half of 2013 abated in... 

JSE launches African currency futures

The JSE on Friday launched three new currency futures contracts tracking the exchange rate between the rand and the Zambian kwacha, the Kenyan shilling and the Nigerian naira. These currency... 

Alecto appoints new executive chairperson

Aim-listed West and East Africa-focused mineral exploration company Alecto Minerals on Friday announced the appointment of Mark Wellesley-Wood as nonexecutive chairperson with immediate effect.... 

Mintails CEO resigns

ASX-listed Mintails on Friday announced that its CEO Anthony Ehlers had resigned with effect from October 1. Executive director Bukhosi Ndimande and nonexecutive director Mark Brune would, in the... 

Savannah on track to define Jorc-compliant Jangamo resource by end-2014

Aim-listed Savannah Resources on Thursday said that it was on track to define a potential Joint Ore Reserves Committee- (Jorc-) compliant mineral resource for its 180 km2 Jangamo heavy mineral... 

Old Mutual decreases Lonmin voting rights

Investment group Old Mutual on Thursday decreased its voting rights in platinum miner Lonmin to below 7%. Following the transaction, Old Mutual held 39.37-million, or 6.9%, voting rights in the... 

Firestone to conclude Botswana asset disposal in 2015, to focus on Liqhobong

Aim-listed Firestone Diamonds plans to conclude its Botswana asset disposal process next year, allowing the company’s management team to focus their attention on the successful completion of the... 

Tulu Kapi cost estimates below global average

Aim-listed Kefi Minerals on Wednesday announced that the total operating costs for its Tulu Kapi gold project, in Ethiopia, had been estimated at $626/oz, with all-in costs being estimated at... 

Village earnings drop as restructuring continues

Gold producer Village Main Reef on Wednesday reported a 34.7% decline in headline earnings a share from continuing operations to 26.12c for the financial year ended June 30. Earnings a share from... 

IFM, Portnex to acquire Australian coking coal retort assets

London-listed International Ferro Metals (IFM), in conjunction with mining and commodities trading company Portnex International, has made an offer to acquire the assets owned by Australia-based... 

Positive legacy becoming important part of responsible mining

Leaving behind a positive legacy was increasingly becoming an important component of responsible mining, University of the Witwatersrand Centre for Sustainability in Mining and Industry director... 

BlueRock to start commercial mining at Kareevlei

Aim-listed BlueRock Diamonds has reached the end of its trial mining period at its Kareevlei tenements, in the Northern Cape, and was ready to move on to commercial production, executive... 

Namib project development still priority for North River

Aim-listed North River Resources will continue to prioritise the development of its 1.25-million tons Namib lead/zinc/silver project, in Namibia, North River MD Martin French said on Tuesday.... 

Q2 turnover of all industries in SA economy down 0.5%

During the three months ended June 30, the total turnover of all industries in the South African economy, excluding agriculture, financial intermediation, insurance and government institutions,... 

Kibo prioritising fast-track development at Imweru

Given the potential of mineral asset explorer and developer Kibo Mining’s flagship 550 000 oz Imweru project, in Tanzania, to generate early cash flows, Kibo said on Friday that it had decided to... 

New unit is key to addressing mismanagement of State property portfolio

The Department of Public Works (DPW) was aiming to have the Property Management Trading Entity (PMTE) established as a government component and “up and running” by November this, Public Works... 

Reatile Gaz launches new E Cape LPG storage, distribution facility

Encouraged by the industrial and tourism potential of Port Elizabeth and driven by its partnership with gas company Air Products, liquefied petroleum gas (LPG) supplier and distributer Reatile Gaz... 

‘Multiple benefits’ approach could unlock potential of energy efficiency

Despite the vital role that energy efficiency could play in boosting economic growth, while simultaneously reducing energy demand, assessments by the International Energy Agency (IEA) suggest that,... 

Mokopane tin scoping study yields encouraging results

JOHANNESBURG (miningweekly.com) – Aim-listed Bushveld Minerals on Tuesday said the scoping study for the development of its Mokopane tin project indicated robust after-tax economics. The company... 

Osborn to supply R11m modular plant to Russian iron-ore facility

Johannesburg-based equipment manufacturer Osborn has been awarded an R11-million export order to supply a full modular plant to the Al Rosa iron-ore facility, in Russia, the company announced on... 

Ivanhoe appoints Platreef project MD

Africa-focused project developer Ivanhoe Mines on Thursday announced the appointment of community relations VP Dr Patricia Makhesha as MD of the company’s 64%-owned subsidiary Ivanplats, which was... 

Sirius signs Tanzania fertiliser MoU

Potash development company Sirius Minerals and Tanzania State-owned business Tanzania Fertilizer Company (TFC) have signed a memorandum of understanding (MoU) to establish and formalise a joint...