Gold Fields names adviser for Kyrgyzstan project review

JSE-, NYSE- and Nasdaq- listed Gold Fields has appointed investment banking group Jefferies International as exclusive financial adviser in the review of “potential strategic alternatives” for the Talas copper and gold project, in...

KBL outlines cost reduction plan

Metals miner KBL Mining on Friday said that it was undertaking a number of cost cutting measures, including reducing staff, in light of recent market volatility. The miner also announced that it was looking at selling equity stakes in its gold...

Mining sector to continue facing price, currency pressures

The mining industry would remain under pressure from unprecedented price and currency volatility for the next few years, as the sector approached demand/supply equilibrium, advisory firm Ernst & Young (E&Y) reported on Friday. In a white paper...

Centrex welcomes govt backing

The South Australian government has given Major Project status to iron-ore developer Centrex Metals’ stage two development of its Port Spencer. In December last year, the A$250-million Port Spencer project was approved by the state government....

Australia coal firms dig in for years of mine closures, job cuts

Australian coal miners are steeling themselves for years of production cuts, job reductions and asset sales as swelling shipments from international rivals lower hopes of a recovery in prices for coal. Prices have slumped around 30% since their...

Rockwell posts Q4 loss as impairments impact on performance

JSE- and TSX-listed Rockwell Diamonds posted a fourth-quarter loss of C$3.6-million as a result of taking decisive action at its loss-making operations to bring about a corporate turnaround, which resulted in impairments totalling C$5.4-million in...

Barrow Creek 1 phosphate project, Australia

A scoping study completed on Barrow Creek has recommended the start of a prefeasibility study.

Bushveld iron-ore project, South Africa

The feasibility study has started and is expected to be completed by the end of 2014.

Charley Creek rare earths project, Australia

A scoping study has identified the Charley Creek project as one of the lowest capital cost rare-earth element projects in the world.

Sukari gold mine Stage 4 expansion, Egypt

The Stage 4 plant expansion of the Sukari gold mine remains on track.

Tasiast gold project, Mauritania

A prefeasibility study completed on the project envisages the construction of a new 30 000 t/d mill using heavy fuel oil as an energy source.

Belo Sun reports positive metallurgic results for third Brazilian deposit

Canadian explorer Belo Sun Mining on Thursday said it had received positive results from preliminary metallurgical leach test work on samples from the South Block deposit of its Volta Grande gold project, located in Brazil’s Para state. The...