LSE- and Nasdaq-listed specialist alloy producer Afarak on Wednesday warned that its financial performance for the second quarter had been adversely impacted on by the challenges at the Mogale smelter, in South Africa.
Irregular supply of electricity…
Afarak expects to report €8m second-quarter loss Read More »
Aim-listed Shanta Gold has secured a $10-million loan facility from a privately held, East Africa-based, multinational conglomerate. The facility is conditional on a minimum equity raise of $15-million at the company’s initial public offering (IPO), pl…
Shanta Gold secures $10m loan as it awaits listing in Tanzania Read More »
The Lusaka High Court has denied Vedanta Resources’ application for a stay of winding up proceedings against its subsidiary Konkola Copper Mines (KCM).
Vedanta said on Wednesday that it would review the ruling and then decide on its next steps.
KCM winding up matter to be heard in Lusaka High Court on Aug 27 Read More »
Canadian miner B2Gold achieved strong consolidated gold production of 476 879 oz for the six months ended June 30, with solid performances from all its operations.
The company has, however, entered into an agreement to sell its El Limon and La Liberta…
B2Gold delivers strong first-half performance Read More »
Coal miner Minergy’s Masama coal project, in Botswana, is now fully operational, with saleable coal already moved to South Africa and Namibia, the company said on Wednesday.
Minergy in March announced that mine infrastructure, including civil works, …
Minergy anticipates steady-state coal production in September Read More »
London-listed Polyus has reported a record adjusted earnings before interest, taxes, depreciation and amortisation (Ebitda) for the second quarter of $604-million. The company said on Tuesday that its Ebitda was 24% up on the prior quarter’s $488-milli…
Polyus realises lower total cash cost, higher second-quarter earnings Read More »
Australia-based, TSX-V-listed Sarama Resources has successfully completed an oxide-focused drill programme at the South Houndé project, in Burkina Faso.
CEO Andrew Dinning said in a statement on Tuesday that the drilling would add to the 600 000 oz g…
Sarama reignites exploration at Burkina Faso project Read More »
Aim-listed BlueRock Diamonds has appointed mining services provider Teichmann South Africa, as a contract miner at its Kareevlei diamond mine, in the Kimberley region of South Africa.
The five-year contract is effective July 1.
BlueRock appoints contractor at Kareevlei mine Read More »
TSX-listed gold miner Semafo on Tuesday reported a pit wall failure at the Wona pit of its Mana mine, in Burkina Faso, and advised that it expected the mine to produce 40 000 oz to 50 000 oz less gold this year as a result.
The company confirmed tha…
Semafo lowers Mana mine guidance following pit wall collapse Read More »
Platinum group metals miner Royal Bafokeng Platinum (RBPlat) recorded a loss a share of 70.8c for the six months ended June 30, owing to high cash costs and high levels of depreciation incurred. This was on the back of the company’s Styldrift project r…
RBPlat set back by Styldrift ramp-up delays in first-half Read More »
