State-owned Transnet and Botswana Railways have resuscitated discussions on the construction of a proposed heavy-haul railway line that will link the two countries to “unlock” Botswana’s estimated 212-billion tons of coal reserves, Transnet announced o…
Transnet, Botswana Rail seek to unlock Botswana’s coal reserves Read More »
Aim-listed exploration company Altus Strategies on Thursday announced that it has signed a nonbinding term sheet for a joint venture (JV) with ASX-listed Indiana Resources. Subject to entering into a definitive agreement with Altus, Indiana will have t…
Indiana Resources enters into JV with Altus for majority stake in Mali gold projects Read More »
Aim-listed gold producer Nordgold announced on Thursday that a new mining permit for its Lefa mine – one of Guinea’s largest gold producing mines – will be effective from March 21. The permit, as well as the convention that was renewed last year, were …
Nordgold’s new Lefa mining permit effective from March 21 Read More »
Relatively stable carat recovery and sales contributed to a strong performance for LSE-listed Gem Diamonds in the fourth quarter ended December 31. Gem on Thursday reported that it had recovered three diamonds larger than 100 ct at its Letšeng mine, in…
Letšeng delivered record number of large diamonds for Gem in 2018 Read More »
Petroleum company Total has made a significant gas condensate discovery on the Brulpadda prospects, located on Block 11B/12B in the Outeniqua Basin, the company announced on Thursday. Located 175 km off the southern coast of South Africa, the Brulpadda…
Total makes significant discovery off South Africa’s southern coast Read More »
Northam, in an operational update released on Thursday, announced that it expects to report a record operating profit of R1-billion for the six months ended December 31, 2018. Its operating profit ballooned by 204.3% from the R338.8-million operating p…
Northam achieves record H1 operating profit, R5bn in revenue Read More »
Pan African Resources’ Elikhulu operation, in Evander, Mpumalanga is achieving a better-than-expected production performance, CEO Cobus Loots noted during an investor and media tour at the operation, on Thursday. As reported by Mining Weekly Online las…
Pan African’s low-cost Elikhulu exceeding expectations Read More »
Gold has benefitted in the fourth quarter of 2018 from investors seeking safe-havens, the latest GFMS Gold Survey, which Refinitiv released on Wednesday, states. Renewed interest from professional investors and a shift in the purchasing behaviour of em…
Gold gets a safe-haven boost – Refinitiv’s GFMS report Read More »
Gold has benefitted in the fourth quarter of 2018 from investors seeking safe-havens, the latest GFMS Gold Survey, which Refinitiv released on Wednesday, states. Renewed interest from professional investors and a shift in the purchasing behaviour of em…
Gold gets a safe-haven boost – Refinitiv’s GFMS report Read More »
State-owned utility Eskom’s proposed tariff increases would cost some 150 000 direct mining jobs, all but eliminate the gold sector and, as a consequence, reduce Eskom’s mining client base by around 36%, thereby exacerbating the utility’s “death spiral…
