The Minerals Council South Africa says Finance Minister Tito Mboweni’s Supplementary Budget speech expressed the right perspectives on the management of the country’s deepening fiscal crisis, but lacked detail on the steps that have to the taken to res…
Minerals Council looks forward to more detail following supplementary budget Read More »
ASX-listed Amani Gold has completed a bookbuild for a two-tranche placement to raise up to $2.55-million.
The proceeds will be used to fund ongoing exploration activities at the company’s Giro and Gada gold projects, in the Democratic Republic of Con…
Amani intends to raise $2.5m for exploration funding Read More »
London-listed Bisichi Mining paid the South African government £1.17-million in taxes and royalties in the year ended December 31, 2019.
The company operates the Black Wattle coal mine, in Mpumalanga, as well as the Sisonke coal processing facility.
Bisichi pays South African govt more than £1m in taxes Read More »
Aim-listed GoldStone Resources has entered into a formal loan agreement with Asian Investment Management Services for a facility totalling $3-million.
The loan, together with $1.3-million raised in unsecured bond notes in March, will enable the compa…
GoldStone secures enough financing to bring Homase pit into production Read More »
JSE- and TSX-V-listed Buffalo Coal will host its annual general meeting on July 16 by teleconference.
Buffalo, led by CEO Emma Oosthuizen, holds a majority interest in two coal mines in Dundee, KwaZulu-Natal – Magdalena and Aviemore.
Buffalo Coal to host virtual AGM Read More »
JSE-listed aluminium supplier Hulamin expects to report a basic loss a share of between 370c and 380c for the year ended December 31, 2019.
This compares with a loss a share of 242c reported for the year ended December 31, 2018.
Hulamin expects headline loss a share of at least 70c Read More »
With a higher test rate at 3.01%, compared with the national and global average test rates of 2.07% and 1.57%, respectively, South Africa’s mining industry is proving to be handling the Covid-19 pandemic better than most sectors, the Minerals Council h…
Minerals Council shares details of mining industry’s Covid-19 resilience with committee Read More »
London-listed Premier African Minerals’ 19%-owned subsidiary MN Holdings has advised that the offtake partners of the Otjozondu project are reviewing an existing uncommitted credit facility to increase prepayment for manganese ore from the project.
T…
Offtakers increasing prepayment enables bulk shipping for Premier’s Namibian mine Read More »
ASX- and Aim-listed Tlou Energy has been granted a 15-year electricity generation licence by the Botswana Energy Regulatory Authority.
The licence is for 2 MW of coal-bed methane, gas and solar power generation at the company’s Lesedi project.
Tlou gets green light for 2 MW plant Read More »
Investment holding company Contango Holdings on June 18 started trading on the LSE.
The company’s share capital consists of 203-million shares of 1p each.
Contango makes entry on LSE with billion-tonne Zimbabwean coal asset Read More »
