New construction industry deals designed to meet transformation commitments

In a move that will see local construction companies further honour their agreements with government to ensure  inclusivity for black contractors in the South African construction sector, the... 

Revised mine plan for Liqhobong

Aim-listed Firestone Diamonds, which sold 156 942 ct of diamonds recovered at its Liqhobong mine, in Lesotho, in the quarter ended December 31, has adopted a revised mine plan to increase cash flow... 

Avesoro well-positioned to increase production levels, continue exploration

Dual-listed Avesoro Resources expects to produce between 220 000 oz and 240 000 oz of gold this year, a 25% year-on-year increase, as significant additional ounces delineated by drilling along... 

Endeavour Mining upbeat about 2018 prospects

TSX-listed gold producer Endeavour Mining has achieved full-year guidance across its operations, on the back of a strong fourth quarter. During the three months to December, group production... 

Wescoal positive about future with Keaton contribution

Junior coal miner Wescoal Holdings on Wednesday said the Keaton Coal integration programme was at an advanced stage and progressing according to plan, with personnel redeployments and overhead... 

Polymetal expects to build on strong 2017 production as Kyzyl comes on line

LSE-listed Polymetal on Wednesday reported that it had produced 405 000 oz of gold equivalent (GE) from its operations in the fourth quarter, an 8% increase over the same period in the previous... 

Ironbark raises $6m to further develop Greenland project

ASX-listed Ironbark Zinc has completed a book build for a placement to institutional and sophisticated professional investors to raise up to $6-million at an issue price of $0.062 apiece. The... 

Santos turnaround delivers strong operating performance

A turnaround strategy to deliver a low-cost, reliable and high-performance business at ASX-listed natural gas producer Santos' operations during 2017 progressed ahead of expectations, with the... 

Western Areas produces strong quarter, not deterred by volatile nickel market

ASX-listed Western Areas has completed the first half of the year on track to meet all full-year guidance metrics, the base metals producer said on Wednesday. An increase in production, steady cash... 

Geopacific to deliver Woodlark DFS in Q3

ASX-listed Geopacific Resources on Wednesday said it was on track to deliver a gold reserve estimate at its Woodlark project, in Papua New Guinea, in March, following the completion of a 30 000 m... 

Universal Coal targeting sales of 4.6Mt in FY18

Building on the record deliveries it achieved across its operations in the first half of 2018 financial year, ASX-listed Universal Coal is on track to deliver higher-than-projected sales tonnes for... 

Stonewall working to establish maiden resource at Pilgrim's Rest project

Preliminary metallurgical testwork on reverse circulation (RC) drill samples from gold development company Stonewall Resources' Theta Hill prospect has shown an average recovery from bottle-roll... 

Investment demand for gold on the rise - WGC

New ways to access the gold market, such as physical gold-backed exchange-traded funds (ETFs), have resulted in the investment demand for gold growing 18% each year since 2001, indicating that the... 

Poseidon drills for lithium in Western Australia

ASX-listed Poseidon Nickel has started a 4 000 m drilling programme at its Medusa lithium project, near its Lake Johnston operations, which would fast-track the company's geological understanding... 

Bass Metals moves closer to commissioning graphite mine

ASX-listed Bass Metals, which is developing the Graphmada large flake graphite mine, in Madagascar, has completed a major component of the recommissioning process at the project. The mine is now... 

Carbine expects Mt Morgan revised environmental approval by May

ASX-listed Carbine Resources on Tuesday said it expected the completion of a revised environmental authority (EA) for its Mount Morgan gold and copper project, located in central Queensland, in... 

Po Valley sells Italy operations subsidiary to Saffron Energy

Perth-based Po Valley on Tuesday signed a binding share sale and purchase agreement with Aim-listed Saffron Energy, under which the latter would acquire onshore and offshore oil and gas production,... 

South32 makes management shifts as SAEC becomes standalone business

As part of setting up its South African Energy Coal (SAEC) operations as a standalone business, triple-listed South32 will make changes to the operational accountabilities of its two COOs, Mike... 

Bushveld Minerals upbeat about year ahead

Aim-listed Bushveld Minerals made “tremendous strides” during the fourth quarter of 2017, which was marked by a strong financial performance from its Bushveld Vametco operations. Supported by a... 

Gem Diamonds makes fourth 100-ct-plus discovery at Letšeng this year

LSE-listed Gem Diamonds on Monday reported that it has the recovered a 149 ct, D-colour Type IIa diamond, with excellent shape, from its 70%-owned Letšeng mine, in Lesotho. This is the fourth... 

Strike testing suitability of Burke graphite for lithium-ion batteries

Flotation tests conducted by Perth-based Independent Metallurgical Operations at Strike Resources’ high-grade Burke graphite project, in Queensland, have confirmed that a concentrate of purity in... 

Sundance inches closer to developing Mbalam-Nabeba project

Iron-ore developer Sundance Resources has signed a binding memorandum of understanding (MoU) with private Chinese company Tidfore Heavy Equipment Group and Cam Iron – a subsidiary of Sundance that... 

Strandline signs offtake deal for Tanzania mineral sands project

ASX-listed Strandline Resources has secured a binding offtake agreement for 100% of the zircon/monazite product to be produced at its Fungoni mineral sands project, in Tanzania. Marking it as a... 

Kibaran board approves spherical graphite pilot plant

The board of ASX-listed Kibaran Resources has approved the spherical graphite pilot plant programme at a plant in Germany, using feedstock from the Epanko graphite project, in Tanzania. Funded... 

GoldStone investigates potential to restart Ghana underground mine

Africa-focused miner GoldStone Resources has initiated a project to potentially revitalise the old Akrokeri underground mine, in Ghana. The mine is situated within the Akrokeri prospecting licence,... 

Mkango shareholders approve Talaxis investment transaction

Shareholders of Aim- and TSX-V-listed Mkango Resources have approved an investment transaction with Noble Group subsidiary Talaxis. In November, the company secured a direct investment from... 

Asanko achieves solid quarter at Ghana mine

A solid quarterly performance was recorded at NYSE-listed Asanko Gold’s eponymous mine in Ghana, which produced 51 550 oz in the fourth quarter of 2017. Asanko CEO Peter Breese on Thursday noted... 

Po Valley makes significant commercial gas discovery in Italy

Shares in Australia’s Po Valley Energy (PVE) surged on Friday, reaching an intraday high of 10c each, up from the previous day’s closing price of 4c each, following the news of significant... 

African Energy to delist from Botswana exchange

ASX-lsited African Energy Resources (AER) on Friday said it would delist from the Botswana Stock Exchange (BSE), as it currently encompassed only 22 shareholders with less than 0.3% of its shares... 

Confidence returning to Western Australia’s exploration industry

The Western Australian Department of Mines, Industry Regulation and Safety (DMIRS) reports that the number of Programme of Works (PoW) received in 2017 has increased by 40% from 2016. This totaled... 

Offtake agreements now cover 60% of Montepuez production – Battery Minerals

ASX-listed Battery Minerals has signed a binding offtake agreement with Qingdao Black Dragon Graphite for 10 000 t/y of graphite concentrate from its Montepuez project, in Mozambique, for an... 

Ivanhoe’s DRC copper mines connected to national grid

TSX-listed miner Ivanhoe Mines on Monday said its Kakula mine development site, 10 km south of Kamoa’s initial Kansoko mine site, in the Democratic Republic of Congo (DRC), started receiving power... 

AfDB to support Mozambique rail project

The African Development Bank (AfDB) is taking the lead in facilitating the takeoff of one of Africa’s largest infrastructure project − the $5-billion Nacala corridor rail and port project,... 

Ethiopia signs $4bn deal to build geothermal power plants

Ethiopia has signed an agreement to build two geothermal power plants at a combined cost of $4-billion, to be run by the country's first privately-owned utility. The Corbetti and Tulu Moye plants... 

Building efficiency improvements needed to meet Paris target

The energy intensity per square metre of buildings need to improve by 30% by 2030 to keep the Paris Agreement on track, the Global Alliance for Buildings and Construction’s ‘Global Status Report... 

Mining equipment maker in bid to raise $20m as it seeks to increase production capacity

Mining equipment and machinery supplier CMTI Group, which started operations at its Gauteng-based factory last year, aims to raise $20-million before the close of the first quarter of this year to... 

Kefi approves final model for Tulu Kapi project

The final project models for Kefi Minerals’ Tulu Kapi project have now been agreed to by the government of Ethiopia, contractors Lycopodium and Ausdrill/African Mining Services and preferred... 

Employee dies in accident at Harmony’s Tshepong mine

Harmony Gold on Thursday said an employee at its Tshepong mine, near Welkom, in the Free State, had been killed in a mining equipment related incident on Wednesday afternoon. An investigation into... 

BlueRock starts mining new kimberlite pipe, expects improved results

South African-focused diamond miner BlueRock Diamonds made a number of planned modifications to the crushing circuit at its Kareevlei diamond mine, near Kimberley, during a three-week Christmas... 

Shanta expects to produce up to 88 000 oz of gold this year

East Africa-focused gold developer Shanta Gold’s New Luika mine, in Tanzania, produced 21 288 oz of gold in the three months ended December 31, a quarter-on-quarter increase of 17%. This brought...