Dual-listed Caledonia Mining has bought an additional 15% shareholding in the Blanket gold mine from Zimbabwean company Fremiro Investments, taking its overall shareholding in the mine to 64%. This marks the completion of a transaction first announced …
Caledonia increases its Blanket mine shareholding to 64% Read More »
Aim-listed Ncondezi Energy is on track to submit a tariff financial model for its integrated 300 MW coal-fired power project and coal mine in Tete, Mozambique, to strategic partners at the end of this month. The company is targeting a competitive tarif…
Ncondezi on track to submit tariff submission Read More »
The African Development Bank (AfDB) has allocated a €1.2-million grant to provide training to help resource-rich countries improve their mining revenues. The bank’s Regional Development, Integration and Business Delivery Complex approved the pioneer gr…
AfDB allocates grant to help African nations boost mining revenues Read More »
Mining production decreased by 3.1% year-on-year in November, data from Statistics South Africa (Stats SA) shows. In a statement, financial services provider Nedbank’s Economic Group Unit said this represented the fourth consecutive month of a yearly d…
South Africa’s mining production falls for a fourth month Read More »
Uranium development company Aura Energy has raised an aggregate of about A$475 000, before expenses, through the issue of ordinary shares through a placing and subscription. The company is also issuing one share option for every two new shares issued.
Aura raises A$475 000 for working capital Read More »
Canadian intermediate gold producer Torex Gold Resources expects to produce between 420 000 and 480 000 oz of gold in 2020, with the mid-point of guidance relatively in line with the 454 810 oz of gold produced in 2019. Total cash costs are expected to…
Torex says 2020 production will generate strong cash flow Read More »
Canada-based mid-tier gold producer Gran Colombia Gold produced a total of 22 391 oz of gold in December, bringing the total for the fourth quarter of 2019 to a new quarterly record of 65 237 oz compared with 55 260 oz a year earlier. The miner produc…
Gran Colombia sets new high water mark Read More »
Integrated chemicals and energy company Sasol on Tuesday confirmed that there had been an explosion and fire at the low-density polyethylene (LDPE) unit at its Lake Charles Chemicals Project (LCCP), in the US. The company said the fire had been extingu…
Fire, explosion latest setback for Sasol’s LCCP Read More »
Intermediate gold and silver miner Great Panther is anticipating building on 2019’s strong production growth as it goes into 2020, while continuing to execute on key operational initiatives in Brazil and Mexico, including expanded exploration programme…
Great Panther set to build on strong 2019 Read More »
North America-based Kore Mining has started preparations of a preliminary economic assessment (PEA) of its 100%-owned Imperial oxide gold deposit in California, the results of which are expected early in the second quarter. The engineering work complet…
Kore Mining begins PEA for Imperial deposit Read More »
