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Platfields in negotiations for mining assets acquisition

Emerging platinum miner Platfields on Friday said it had been approached by a third party and had started negotiations for the acquisition of substantial mining assets. The company said that, if successful, the acquisition would result in a...
22nd August 2014
Creamer Media on SAfm

On-The-Air (22/08/2014) Audio Available

State-owned Transnet and Eskom have come to the party for black-controlled coal miner Exxaro
22nd August 2014

BHP Billiton’s Newco good South Africa story – CEO

Newco CEO-designate Graham Kerr (right) and Martin Creamer The assets that BHP Billiton plans to hive off into a new standalone global diversified metals and mining company generated sales revenue last year of close to $10-billion. In the last ten years, the commodities of the proposed new company...
22nd August 2014

Dalny payment date extended to Oct

Aim-listed African Consolidated Resources (AFCR) and Falcon Gold Zimbabwe (Falgold) have agreed to another extension for the payment of an outstanding $7.5-million for AFCR’s acquisition of the Dalny mine and associated infrastructure in...
22nd August 2014

Shale-gas companies wary of cost-sensitive impacts of exploration

With government supporting the notion of shale gas exploration in the Karoo, shale gas companies are weary of the cost-sensitive impacts of the exploration, but they can employ new conventions for unconventional fracking to improve return on...
22nd August 2014

Can Africa’s minerals sector be refined to reach its full potential?

South Africa’s minerals sector could be falling short of achieving its full potential owing to a failure first to correctly identify opportunities to increase stakeholder value and then to effectively bridge the gap between strategic business...
22nd August 2014

Harmony ups gold production, but profit slides as price drops, costs rise

Harmony Gold is satisfied with the year despite fairly abundant operational challenges experienced
Gold miner Harmony Gold recorded a 3% year-on-year rise in gold production to 36 453 kg, or 1.17-million ounces, for the 2014 financial year.
22nd August 2014
What's On

South Afriica

Mining, exploration & service Kimberley Diamond Symposium & Trade Show, Kimberley, September 11–13, 2014, Tel +27 11 487 2260, Email, MTE – Travelling Mining & Technical Exhibitions, Mokopane, September 4,...
22nd August 2014

Early DFS results positive for Rukwa

The initial results of a definitive feasibility study (DFS) for the Rukwa coal-to-power project bode well for a successful outcome, Johannesburg- and London-listed Kibo Mining said on Thursday. The early DFS outcomes were providing valuable...
21st August 2014

London Mining defers nearly $200m in capex, cuts output guidance

Marampa mine To maintain liquidity in a weak pricing environment, Aim-quoted London Mining has deferred capital expenditure (capex) of nearly $200-million until market conditions improve or its strategic partner process is successfully completed. The Sierra...
21st August 2014

Bushveld increases stake in Lemur Resources

Fortune Mojapelo Aim-listed Bushveld Minerals has increased its stake in ASX-listed Lemur Resources to 57.21%. The company has agreed to acquire a further 10-million shares in Lemur from vendors, including Azure Resources Fund, in exchange for 8-million new...
21st August 2014

Gold Fields piloting two new mining methods at South Deep Video Available

Gold Fields CEO Nick Holland Gold miner Gold Fields would pilot two new mining methods at its South Deep mine, in Gauteng, over the next 12 months, with the potential to enable the mine to reach its envisaged steady-state output of between 650 000 oz/y and 700 000 oz/y...
21st August 2014
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