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GOLD

Loulo-Gounkoto making ‘significant’ contribution to Mali economy, local communities

Loulo-Gounkoto complex Gold mining company Randgold Resources’ Loulo-Gounkoto gold mining complex, in Mali, contributed about 8% of the country’s gross domestic product, demonstrating the importance of the complex to the local economy, Randgold CE Dr Mark Bristow...
1st August 2014
 
MINING RISKS

Access to water, electricity key risk for local mining and metals companies

EY Africa mining and metals sector leader Wickus Botha Although productivity has been identified as the top business risk facing mining and metals companies globally in advisory firm EY’s ‘Business risks facing mining and metals 2014/15’ report, access to water and electricity – a new entrant,...
1st August 2014
 
MERGERS & ACQUISITIONS

Sentula’s Benicon Coal disposal terminated, chairperson resigns

The sale of Sentula Mining subsidiary Benicon Coal to Miranda Mineral Holdings has fallen through after certain conditions were not met in time. Sentula on Friday announced that it remained committed to shedding the asset and had entered into...
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
 
FINANCE

Kenmare amends Moma financing terms, Absa loan date extended

London-listed Kenmare Resources has amended the terms of the project financing for its Moma mine, in Mozambique, and negotiated an extension of the repayment date of its $20-million loan from Absa, allowing it to conserve cash and have greater...
1st August 2014
 
MERGERS & ACQUISITIONS

Glencore concludes $7bn Las Bambas sale

The $7-billion sale of the Las Bambas copper project, in Peru, to a consortium of investors has been completed, diversified miner Glencore announced on Friday. The sale, which had immediately and materially degeared Glencore’s balance sheet, was...
1st August 2014
 
News This Week

AngloGold and Africa’s goldsmithing heritage

Many kudos must be given to Johannesburg-based gold miner AngloGold Ashanti for its concerted efforts to preserve and promote the cultural and artistic heritage of African goldsmithing design and techniques. This is particularly noteworthy, given...
1st August 2014
 
CORPORATE SOCIAL INVESTMENT

Coal miner donates R450 000 to charity causes on Mandela Day

As a contribution to Mandela Day, on July 18, diversified miner Anglo American’s Coal Business invested R450 000 in upliftment projects for vulnerable people in the Johannesburg area.
1st August 2014
 
EDITORIAL INSIGHT

Cutifani backs Cyril’s strike ballot, gold refinery gets financial help, Amplats backs mechanised mines

The enforcement of strike ballots is on the cards; gold mining companies have come the financial aid of the Rand Refinery; and Anglo American Platinum is entering a mechanised era.
1st August 2014
 
What's On

South Africa

What’s On provides you with information about conferences, exhibitions, seminars, training courses and other events pertaining to general industry and the mining sector. To include information about an upcoming event, e-mail...
1st August 2014
 
Tenders

State

Tender work arising from state contracts
1st August 2014
 
GOLD

Giyani extends exclusivity period for negotiations with energy company

Southern Africa-focused Giyani Gold on Thursday announced that it remained in exclusive negotiations with a private international energy company with multiple projects in attractive jurisdictions, including an operating asset in South Africa, with...
31st July 2014
 
 
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