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Creamer Media Reporter

AECI expects 30% rise in H1 HEPS, EPS

18th July 2017 Explosives and specialty chemicals group AECI expects to report a 30% to 35% increase in its headline earnings per share (HEPS) for the six months ended June 30. Its HEPS are expected to be between 381c and 396c, compared with the 293c reported in the six months ended June 30, 2016. 

Orvana achieves new quarterly gold production record

18th July 2017 Gold and copper miner Orvana, which owns mines in Spain and Bolivia, has achieved a new quarterly consolidated gold production record of 26 414 oz in the third quarter of fiscal 2017. Consolidated gold equivalent production reached 35 292 oz in the quarter, a 27% improvement on the 27 683 oz... 

Kibali continues to deliver steady performance as it finalises full commissioning

18th July 2017 The two remaining components of Randgold Resources’ Kibali gold mine – its underground shaft system and a third hydropower plant – are both on track. The underground shaft system is expected to be commissioned this quarter, with the underground mine to produce about 2.2-million tonnes of ore this... 

Amur completes operating cost review for Kun-Manie

17th July 2017 An independent review has projected an “encouraging” price tag of $1.78/lb of nickel-in-concentrate delivered to Ulak rail station, located on the Baikal Amur rail line, from the potential Kun-Manie nickel-copper sulphide project, in Russia, said Aim-listed Amur Minerals on Monday. The appointed... 

Geoscience BC issues data on likely precious, base metals deposits in Kootenay-Boundary region

15th July 2017 British Columbia’s not-for-profit earth sciences organisation Geoscience BC has published new information that could lead prospectors to new precious and base metals deposits in an area between Penticton and the Kimberley area, in the province’s Kootenay-Boundary region. The project, ‘Geological... 

Nissan to launch ProPilot technology with the Leaf

14th July 2017 Vehicle manufacturer Nissan plans to launch its latest ProPilot Park technology with the new range of Nissan Leaf vehicles in September. The new Leafs will be the first in the automaker’s global product line-up equipped with ProPilot Park, which helps drivers park by automatically guiding the car... 

Metminco appoints new CFO, company secretary

14th July 2017 ASX- and Aim-listed Metminco has appointed Brian Jones company secretary and CFO, following the exit of Philip Killen. “Phil has been an extremely valuable member of the executive team and remains supportive of the company, however, he has elected to pursue other business interests,” Metminco MD... 

Solidarity seeks out govt collaboration on solution to high winter power rates

14th July 2017 Trade union Solidarity has requested industry players, government and State-owned power utility Eskom to convene a solution-seeking roundtable to discuss winter’s high power rates and the negative impact it has on the steel and chrome industry. Under the Save Our Steel Campaign, Solidarity metal... 

Ansys acquires Profitek

14th July 2017 AltX-listed Ansys is in the process of acquiring industrial equipment supplier Profitek Industrial Communications, Ansys said on Friday. The deal will see the engineering solutions provider pay an upfront R40-million – 30% in cash and the balance settled with Ansys ordinary shares – with a... 

Rough diamond market stable – Alrosa

14th July 2017 Diamond mining major Alrosa has sold $2.497-billion worth of rough and polished diamonds in the first six months of 2017. Rough diamond sales comprised $2.442-billion of the total sales. 

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