GOLD 1294.90 $/ozChange: -0.67
PLATINUM 1413.00 $/ozChange: -15.50
R/$ exchange 10.49Change: 0.07
R/€ exchange 14.49Change: 0.10
 
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BASE METALS

Ivanhoe Mines expands Kipushi zinc and copper zones Restricted

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Africa-focused project developer Ivanhoe Mines on Tuesday reported that early results from the company's underground diamond-drilling programme at the Kipushi copper/zinc/germanium/lead/precious-metals mine, in the Democratic Republic of Congo...
15th April 2014
 
 
POTASH

IC Potash gets green light for New Mexico SOP project Restricted

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Potash project developer IC Potash (ICP) has received notice that the US Department of the Interior’s Bureau of Land Management (BLM) had published a record of decision (ROD) approving its plans to build and operate its sulphate of potash (SOP)...
15th April 2014
 
 
MINING FUNDS

Aureus to raise £15.6m Restricted

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Aim- and ASX-listed Aureus Mining on Tuesday entered into an underwriting agreement with GMP Securities, Clarus Securities and Numis Securities to sell 33.4-million shares at £0.27 apiece to raise £9-million gross proceeds. The company also...
15th April 2014
 
 
GAS

Development of UCG industry gains momentum as govt reveals policy stance Restricted

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Majuba Regulations governing the application for and awarding of prospecting rights and mining rights for underground coal gasification (UCG) in South Africa have been included in the Mineral and Petroleum Resources Development Act (MPRDA) Amendment...
15th April 2014
 
 
COPPER

Weatherly Namibia mine to cost 10% less Restricted

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London-listed Weatherly International reported on Tuesday that the development of its flagship Tschudi opencut copper project, in Namibia, would likely cost 10% less than was stated in the 2012 bankable feasibility study (BFS). The BFS, which was...
15th April 2014
 
 
GOLD

Much more to come in China’s already ‘breathtaking’ gold story Restricted

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The scale, scope and speed of the development of the gold market in China to date has been “quite breathtaking” – and there is still a lot more to come, World Gold Council investor relations manager John Mulligan indicated on Tuesday...
15th April 2014
 
 
WAGE NEGOTIATIONS

AMCU opens ‘strike fund’ for members, calls for donations Restricted

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AMCU president Joseph Mathunjwa Labour union the Association of Mineworkers and Construction Union (AMCU) has opened a ‘”strike fund” for its striking members in the platinum belt, appealing for donations from the State, trade unions, interest groups, nongovernment...
15th April 2014
 
 
PLATINUM

Sibanye Gold eyes platinum acquisition by end this year – paper Restricted

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Sibanye Gold CEO Neal Froneman South Africa's Sibanye Gold aims to make a "material" acquisition in platinum mining by the end of this year as it seeks to diversify its business, its chief executive said in a newspaper interview on Tuesday. Sibanye has already signalled it...
15th April 2014
 
 
NICKEL

MMG sells Avebury mine Restricted

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Hong Kong-listed MMG on Tuesday signed a sales agreement with exploration and mining development company QCG Resources (QCG) to sell its Avebury nickel mine, in Tasmania, for A$40-million. The Avebury mine has been on care-and-maintenance since...
15th April 2014
 
 
MINING & ICT

Exxaro implements output management solution for maintenance Restricted

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Mining group Exxaro has tasked integrated information and communications technology solutions and services provider Datacentrix with rolling out a document management system for plant maintenance. The mining group, in line with Department of...
15th April 2014
 
 
 
 
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