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Creamer Media Reporter

Volcanic appoints new CEO, chairperson

6th September 2017 TSX-V-listed Volcanic Gold Mines, which is developing a multi-million-ounce gold resource in West Africa, has appointed Jeremy Crozier CEO. He succeeds Mike Iverson, who stepped down from the position on August 29. 

Centaurus Metals earns 100% interest in Brazil gold tenements

6th September 2017 ASX-listed Centaurus Metals has exercised its right to acquire a 100% interest in the tenements that make up the 750 km2 Pará exploration package, in Brazil. Centaurus in October 2016 entered into an earn-in agreement with Terrativa Minerais. Under the terms of the agreement, Centaurus was... 

Georgian Mining satisfies $6m obligation early

6th September 2017 Aim-listed Georgian Mining (GEO) said on Wednesday that it had satisfied its spending obligation of $6-million to earn a 50% interest in the entity holding the mining licence over the Bolnisi copper and gold project. GEO and Caucasian Mining Group (CMG) are shareholders in Georgian Copper & Gold... 

Stor-Age enters UK market with R1.3bn acquisition

5th September 2017 JSE-listed real estate investment trust Stor-Age will acquire a 97.3% interest in UK self storage operator Storage King for R1.3-billion. The acquisition is in line with Stor-Age’s stated strategy of targeting international self storage markets with attractive growth potential to complement its... 

Orion seeks secondary listing on JSE

5th September 2017 ASX-listed Orion Minerals is seeking a secondary listing on the main board of the JSE. It has applied for approval for the secondary listing under the bourse’s fast-track listing process. 

Bluejay appoints chairperson

4th September 2017 Aim- and FSE-listed Bluejay Mining has appointed 70-year old Michael Hutchinson as its nonexecutive chairperson with immediate effect. Hutchinson has a career spanning almost 50 years in the metals industry, which Bluejay CEO Roderick McIllree said on Monday would greatly benefit the company. 

Swifambo welcomes granting of leave to appeal on contract with PRASA

4th September 2017 Swifambo Rail Leasing has welcomed the High Court’s decision granting it leave to appeal a July 3 judgment to set aside a locomotive supply contract awarded to Swifambo by the Passenger Rail Agency of South Africa (PRASA). In July, the court ruled that PRASA’s R3.5-billion contract with Swifambo,... 

Alrosa’s Ivanov appointed to Diamond Producers Association board

4th September 2017 Russian mining giant Alrosa president Sergey Ivanov has been appointed to the board of the Diamond Producers Association (DPA). Founded in 2015, the DPA comprises seven leading diamond producers and aims to promote the industry through the implementation of marketing initiatives.  

Outa now takes aim at Denel chairperson

1st September 2017 The Organisation Undoing Tax Abuse (Outa) this week laid charges of corruption at the Brooklyn police station against State-owned Denel chairperson Dan Mantsha over his alleged involvement in State capture. Outa COO Ben Theron on Friday said the organisation believed Mantsha, who was appointed as... 

Bauba swings to FY profit

1st September 2017 JSE-listed Bauba Platinum swung to a net profit of R95.53-million in the financial year ended June 30, compared with a loss of R5.23-million in the prior financial year. The company’s only operating mine Moeijelijk resumed mining activities in January amid a significantly improved chrome ore market. 

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