BME increases in-house manufacture of mobile mining units

Increasing the in-house manufacturing of its mobile mining units (MMUs) is helping explosives supplier BME to further improve its client service levels and market penetration in Africa.

Endeavour to cut back spending amid volatile gold market

Dual-listed gold miner Endeavour Mining on Wednesday announced that it would cut back on capital spend during 2013, as market volatility in the gold sector continued. The miner produced some 73 654 oz of gold during the first quarter of 2013, at...

AngloGold Ashanti to cut $500m costs, sell Navachab, suspend Mongbwalu

Gold major AngloGold Ashanti is to remove $500-million of operating costs, seek to dispose of Navachab mine before year-end and dress up another mine for a possible further asset sale this year. New AngloGold Ashanti CEO Srinivasan...

Healthy margins, cost-cutting cushion Gold Fields for future

Slimmed-down gold major Gold Fields sat pretty on a 50% operating margin in the March quarter, the first quarter since the unbundling of its mature underground mines into Sibanye Gold. With cost reduction, Gold Fields is seen as positioned to...

Papillon awarded environmental permit for Fekola

ASX-listed Papillon Resources has been granted an environmental permit for its Fekola gold project, in Mali. The company said on Thursday that the granting of the permit was a major milestone for the company, and followed a significant amount of...

Randgold cuts capital spend on weak gold price, performance

London- and Nasdaq-listed Randgold Resources on Thursday said it would cut its capital spending and reduce production from its Loulo-Gounkoto complex, in Mali, as it too was negotiating the effects of a sharply lower gold price, and a weaker...

Endeavour Mining progresses with Côte d'Ivoire mine construction

Toronto- and Sydney-listed Endeavour Mining said about 57% of construction of the Agbaou gold mine, in Côte d'Ivoire, had been completed. Endeavour on Wednesday said about 68% of the $160-million construction budget had been committed, with...

Resolute ponders acqusition vs expansion opportunities

Gold miner Resolute Mining on Wednesday reported that it was reviewing its expansion plans in light of the current market conditions, to determine if the funds would not be better spent on emerging opportunities. In its production report for the...

Endeavour's Ivory Coast gold project on track despite price slip

Toronto-listed Endeavour Mining said its Agbaou gold project in Ivory Coast remained on track for completion by the end of the year, unaffected by a record drop in the price of gold. Last week spot gold tumbled more than $125, or nearly 9%, on...

Premier signs definitive agreement with Ethiopian Potash Corporation

Aim-quoted Premier African Minerals has now signed a definitive agreement with TSX-listed Ethiopian Potash Corporation (EPC) for the sale of Premier's Mali subsidiary, G and B African Resources Mali. This announcement followed the signing of a...

Randgold to step up exploration as gold price slides

Africa-focused miner Randgold Resources sees any further fall in the price of gold as an opportunity to expand its exploration activities cheaply, the company's chief executive said. The miner is looking to buy stakes in exploration projects run...

High price of nationalisation, R1bn iron-ore drill contract, Wits’ acid water membrane

State-centric policies can lose resource-rich countries a fortune; JSE-listed Master Drilling is providing services of Kumba Iron Ore; and local researchers have come up with a membrane to tackle acid mine drainage