GOLD 1218.89 $/ozChange: 2.63
PLATINUM 1273.00 $/ozChange: -15.00
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MINERAL SANDS

Savannah on track to define Jorc-compliant Jangamo resource by end-2014

Aim-listed Savannah Resources on Thursday said that it was on track to define a potential Joint Ore Reserves Committee- (Jorc-) compliant mineral resource for its 180 km2 Jangamo heavy mineral sands (HMS) project, in Mozambique, late this year....
2nd October 2014
 
APPOINTMENTS

Nkwe Platinum appoints new CFO

Amid a reshuffle of its board, Sydney-listed Nkwe Platinum has appointed specialist chartered accountant Xin Li as CFO with immediate effect. Li had over eight years’ experience in accounting and taxation and had previously advised several...
2nd October 2014
 
PLATINUM

Old Mutual decreases Lonmin voting rights

Investment group Old Mutual on Thursday decreased its voting rights in platinum miner Lonmin to below 7%. Following the transaction, Old Mutual held 39.37-million, or 6.9%, voting rights in the platinum miner.
2nd October 2014
 
DIVERISIFIED MINERALS

Premier accelerates YAGM equity swop deal

Multicommodity explorer Premier African Minerals has accelerated the completion of the equity swop agreement with institutional investor YA Global Master (YAGM), which has sold its entire holding of ordinary shares in the company. In January,...
2nd October 2014
 
DIAMONDS

Drill results reveal possible presence of kimberlite at Orapa

Two boreholes drilled as part of a recent exploration campaign at Aim-listed Botswana Diamonds’ Orapa diamond project, in Botswana, have intersected intensively altered, cracked and brecciated rocks composing veins likely to be of kimberlitic...
2nd October 2014
 
DIAMONDS

Firestone to conclude Botswana asset disposal in 2015, to focus on Liqhobong

Aim-listed Firestone Diamonds plans to conclude its Botswana asset disposal process next year, allowing the company’s management team to focus their attention on the successful completion of the Liqhobong mine development project, in Lesotho,...
2nd October 2014
 
GOLD

DRDGold expects higher Q1 output

JSE- and NYSE-listed DRDGold expects its gold output for the quarter ended September 30 to have increased by between 5% and 7%, compared with the quarter ended June 30. Cash operating unit costs, in rand per kilogram terms, were likely to have...
2nd October 2014
 
GOLD

Tulu Kapi cost estimates below global average

Aim-listed Kefi Minerals on Wednesday announced that the total operating costs for its Tulu Kapi gold project, in Ethiopia, had been estimated at $626/oz, with all-in costs being estimated at $844/oz including royalties. The company said this...
1st October 2014
 
GOLD

Village earnings drop as restructuring continues

Gold producer Village Main Reef on Wednesday reported a 34.7% decline in headline earnings a share from continuing operations to 26.12c for the financial year ended June 30. Earnings a share from continuing operations also declined by 34.9% to...
1st October 2014
 
COAL

National debate needed on ways to lower high rail costs – CoAL

CoAL CEO David Brown A national debate is needed to discuss ways of lowering the high cost of railing bulk commodities like coal, says Coal of Africa Limited (CoAL) CEO David Brown. The London-, Sydney- and Johannesburg-listed CoAL plans to produce nearly...
1st October 2014
 
ACQUISITIONS

IFM, Portnex to acquire Australian coking coal retort assets

London-listed International Ferro Metals (IFM), in conjunction with mining and commodities trading company Portnex International, has made an offer to acquire the assets owned by Australia-based Pacific Carbon and Modderriver Minerals on Kooragang...
1st October 2014
 
ENVIRONMENT

Positive legacy becoming important part of responsible mining

Leaving behind a positive legacy was increasingly becoming an important component of responsible mining, University of the Witwatersrand Centre for Sustainability in Mining and Industry director Professor Caroline Digby said on Wednesday at the...
1st October 2014
 
 
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