TSX- and ASX-listed Alacer Gold had an “exceptional” year in 2019, resulting in the generation of more than $215-million of unlevered free cash flow, against a net debt of $47-million.
With the company’s operating foundation set as an intermediate pr…
Alacer ends 2019 with strong free cash flow, solid production Read More »
A new report by business advisory firm FTI Consulting discusses the pivotal role of South Africa in the global mining industry and how mining has supported South Africa’s industrial development.
This comes as the Investing in African Mining Indaba is…
South African mining far from former glory; needs to focus on tech, ESG Read More »
JSE- and Aim-listed Kibo Energy says 2020 will be an exciting year for the company as it seeks to meet current energy needs without compromising future generations.
Kibo is developing three coal power projects, in Tanzania, Botswana and Mozambique, a…
Kibo reaffirms commitment towards sustainable energy for Africa Read More »
JSE-listed Merafe Resources’ attributable ferrochrome production from the Glencore Merafe Chrome Venture for the year ended December 31, 2019, was 9% lower year-on-year at 371 000 t.
The company’s production for the fourth quarter ended December 31, …
Power curtailments, strikes lower Merafe’s full-year output Read More »
JSE-listed equipment supplier Barloworld’s Mongolian subsidiary has entered into an agreement with Wagner International to fully acquire its subsidiary Wagner Asia Equipment and 49% of SGMS.
The total consideration for the acquisitions is $216-millio…
Barloworld to acquire Mongolian equipment businesses Read More »
Aim-listed Katoro Gold has transferred the initial tranche of R5-million, or £263 000, to Blyvoor Gold as part of plans to form a joint venture (JV) that will exploit six tailings deposits, in South Africa.
The initial tranche allows the partners to …
Katoro pays initial R5m towards tailings collaboration Read More »
JSE-listed Royal Bafokeng Platinum (RBPlat) has the received the upfront cash prepayment of $145-million, or R2.1-billion, from Triple Flag Mining Finance Bermuda.
This relates to a gold streaming agreement entered into in October last year, whereby …
RBPlat receives R2bn upfront payment from Triple Flag Read More »
ASX-listed coal miner TerraCom on Monday offered to buy fellow-listed Universal Coal in a deal valuing the South Africa-focused coal producer at about A$175-million.
TerraCom, which in December acquired a 19.9% stake in Universal Coal, is offering sha…
TerraCom makes a go for Universal Coal Read More »
Australian junior Hawkstone Mining, which owns the Big Sandy lithium project in the US, is diversifying its portfolio with the addition of a gold project in Idaho, as weakness in the lithium market continues.
The company on Monday announced that it ha…
Hawkstone makes debut gold project purchase Read More »
Mining activity has been suspended at the Raleigh underground gold mine, in Western Australia, following a significant seismic response, joint venture partners Rand Mining and Tribune Resources reported on Monday.
The mine would be placed on care-and-…
Northern Star’s EKJV suspends mining at Raleigh after seismic event Read More »
