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ADVERTORIAL

Fourth Mining Business & Investment Conference to be held Oct

The Mining Business and Investment (MBI) Conference Eastern Africa is an annual event hosted by the Kenya Chamber of Mines and Prescon Limited with the support of the Kenyan Ministry of Mining. The event, which will be held on October 16 and 17,...
22nd August 2014
 
DIAMONDS

Petra Diamonds expects 3% more output, ups capex 19%

Petra CEO Johan Dippenaar London-listed Petra Diamonds on Monday announced a scope change at its Finsch diamond mine in the Northern Cape, which brings forward by three years higher levels of undiluted production from a sub-level cave project. Petra CEO Johan Dippenaar...
18th August 2014
 
DIAMONDS

Firestone starts Botswana assets disposal process

Diamond development company Firestone Diamonds has started the disposal process for its Botswana assets. The assets, which would be sold through a competitive disposal process to be managed by South Africa-based corporate finance adviser Questco,...
14th August 2014
 
GOLD STREAMING

Gold streamers partner to give True Gold $120m Karma financing

Trading of the TSX-V-listed stock of Burkina Faso-focused project developer True Gold on Tuesday started on a high note, after the company late on Monday announced that precious metals streaming firms Sandstorm Gold and Franco-Nevada joined forces...
12th August 2014
 
Company Announcement

Snc-Lavalin Puts A Unique Spin On Mmpp PDF Available

SNC-Lavalin has put a unique spin on the conventional concept of modular mineral process plants, with the offer of an all-inclusive solution designed to help exploration operations transition into full fledged revenue earning mining companies in...
8th August 2014
 
COAL

Continental Coal to recapitalise balance sheet

South Africa-focused thermal coal producer Continental Coal on Wednesday announced that it had successfully arranged a fully underwritten nonrenounceable pro rata rights issue to raise about A$35.1-million to recapitalise the company’s balance...
6th August 2014
 
COPPER

Chile to give Codelco $4 billion in financing

Codelco, the world's biggest copper producer, will receive $4-billion in state financing through 2018 to help pay for an ambitious investment plan, Chile's finance minister said on Friday. The state-run firm will receive around $3-billion via...
1st August 2014
 
STEEL

O’Flaherty outlines ‘production first’ strategy for steel group Video Available

ArcelorMittal South Africa CEO Paul O’Flaherty Newly appointed ArcelorMittal South Africa (AMSA) CEO Paul O’Flaherty delivered an unambiguous ‘production first’ message in his inaugural interaction with the investment community on Friday, saying his management team was committed to...
1st August 2014
 
STEEL PROJECTS

AMSA to take $20m knock on Newcastle delay

Steel producer ArcelorMittal South Africa (AMSA) has confirmed that the reline project at its Newcastle mill, in KwaZulu-Natal, has hit snags and that the project, which was initially expected to be completed four months after the May 12 shutdown...
1st August 2014
 
CORPORATE ACTIVITY

Trading halts remain as Continental moves to raise A$35m

As South Africa-focused thermal coal producer Continental Coal progressed a A$35.1-million rights issue and a recapitalisation plan, a proposed listing on the JSE has been postponed and trading halts on the Aim and ASX remained firmly in place....
1st August 2014
 
GOLD

San Gold to add Kerr Mines to portfolio

Canadian gold producer San Gold this week signed a nonbinding letter of intent to buy TSX-listed Kerr Mines in an all-scrip deal that would see San Gold take control of the Copperstone gold mine, in Arizona. San Gold president and VP of finance...
23rd July 2014
 
IRON-ORE

Iron Road looks to optimise Central Eyre

Iron-ore developer Iron Road has undertaken an optimisation study on its flagship Central Eyre project, in South Australia, with the aim of increasing production from 21.5-million tonnes a year to 24-million tonnes a year. A previously conducted...
23rd July 2014
 
 
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