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GOLD

Shanta posts first operating profit

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East Africa-focused gold producer Shanta Gold on Monday announced its first operating profit of $11.1-million for the six months ended June 30. The company, which started commercial production in 2013 increased its gold production 10% year-on-year...
1st September 2014
 
 
GOLD

CRG enters into MoU with Chinese mining machinery manufacturer

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Dual-listed Central Rand Gold (CRG) has entered into a memorandum of understanding (MoU) with China-based mining machinery manufacturer Zhejiang Golden Machinery Plant (ZGMP), establishing a framework for information sharing and collaboration...
1st September 2014
 
 
LABOUR

Numsa members embark on protected strike at Rand Refinery

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Rand Refinery has confirmed to Mining Weekly Online that members of the National Union of Metalworkers of South Africa (Numsa), who represent about 35% of the total workforce, have embarked on a protected strike at the company’s Germiston-based...
1st September 2014
 
 
GOLD

Silver Lake waives right to Cannon, paves way for development

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Gold miner Silver Lake Resources has waived its pre-emptive right over the proposed Cannon gold project, in Western Australia, allowing project owner Southern Gold and ASX-listed Metals X to proceed with project development. In August this year,...
1st September 2014
 
 
GOLD

22 miners rescued from Nicaragua gold mine after landslide

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Rescue workers have freed 22 miners who were trapped in a gold mine after a landslide in northern Nicaragua, and the government on Saturday vowed to continue search efforts for several workers that remained stuck underground. Some 29 miners were...
1st September 2014
 
 
ZINC

Hera produces first concentrate

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ASX-listed Aurelia Metals, formerly known as YTC Resources, has produced its first concentrate at the Hera gold/lead/zinc project, in South Australia. “Our first high-grade concentrate production is an important milestone for the Hera project....
1st September 2014
 
 
GOLD

Australia gold output rises on higher grades

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Australia’s gold production increased by 9%, or 24 t, during 2013/14, compared with the previous year, to 282 000 t, mining consultants Surbiton Associates revealed this week. At the current spot price, Australia’s gold production was worth...
1st September 2014
 
 
GOLD

Atlantic Gold buys Nova Scotia exploration properties

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Dual-listed Atlantic Gold has entered into an agreement with Singapore-listed LionGold Corp to acquire its subsidiary Acadian Mining Corporation for a mixture of cash and shares. Atlantic Gold recently completed a merger with Atlantic Gold...
1st September 2014
 
 
 
 
 
 
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