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Creamer Media Reporter

Group Five appoints interim CEO

2nd March 2017 Group Five has appointed Themba Mosai interim CEO, while it seeks a successor to former CEO Eric Vemer. Vemer last week announced his surprise resignation from the group after less than three years in the position. 

BlueRock commissions crushing, screening circuit

1st March 2017 BlueRock Diamonds has commissioned the primary crushing and screening circuit at its Kareevlei operation, in the Northern Cape. The company has been able to operate full processing for up to seven hours, with the plant demonstrating hourly capacity in line with expectations. 

Saskatchewan, Manitoba ranked the most attractive global mining jurisdictions

1st March 2017 Saskatchewan and Manitoba have been ranked the top two most attractive jurisdictions for mining investment in the world, according to the Fraser Institute’s ‘Annual Survey of Mining Companies 2016’. “Competitive tax regimes, efficient permitting procedures and certainty surrounding environmental... 

Osisko diversifies portfolio with acquisition of first silver stream

28th February 2017 TSX- and NYSE-listed Osisko Gold Royalties has acquired its first silver stream, from Taseko Mines subsidiary Gibraltar Mines’ Gibraltar copper mine, in Canada, for $33-million in cash. Osisko will make ongoing payments of $2.75/oz of silver delivered. 

Alacer takes delivery of autoclaves for Çöpler sulphide expansion project

28th February 2017 TSX- and ASX-listed Alacer Gold has taken delivery of two autoclaves at its 80%-owned Çöpler mine, in Turkey. The autoclaves form part of the Çöpler sulphide expansion project, which is expected to raise the mine’s remaining life-of-mine gold output to four-million ounces at an all-in sustaining... 

Cameco’s Port Hope facility secures 10yr operating licence

28th February 2017 The Canadian Nuclear Safety Commission (CNSC) has granted TSX- and NYSE-listed Cameco a ten-year operating licence for its conversion facility in Port Hope, Ontario. The licence expires on February 28, 2027. 

Perseus swings to loss in H1; chairperson to retire

27th February 2017 Dual-listed Perseus Gold has posted a A$25.61-million net loss for the six months ended December 31, compared with a profit of A$11.97-million in the six months to December 31, 2015. The net loss was largely the result of a $20-million settlement of a legal dispute with Bayswater Construction &... 

Cell C rejects Telkom’s buy-out offer

23rd February 2017 Mobile operator Cell C on Thursday confirmed that it had rejected an unsolicited nonbinding and conditional acquisition proposal from telecommunications giant Telkom. Media reports emerged this week that Telkom was planning to throw its hat in the ring for the buy-out of Cell C, which is being... 

Industry Desperate for Certainty on Carbon Tax

22nd February 2017 Leading energy consultancy Cova Advisory has warned that there is a desperate need for certainty over South Africa’s planned Carbon Tax.   The warning came in the run-up to this week’s Budget, when Finance Minister Pravin Gordhan is widely expected to give an update on plans for the new tax. “On... 

Sacci outlines Budget expectations

21st February 2017 With Finance Minister Pravin Gordhan preparing to deliver his 2017 National Budget speech on Wednesday, the South African Chamber of Commerce and Industry (Sacci) weighed in on its expectations at a time when South Africa is experiencing subdued economic growth. Amid the Reserve Bank having... 

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