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Creamer Media Reporter

Amended Property Sector Code gazetted

3rd July 2017 The Amended Property Sector Code has been gazetted, making it legally binding to entities and organisations operating in the property sector, Trade and Industry Minister Dr Rob Davies said in a statement released at the weekend. Effective June 28, the Amended Property Sector Code, which was... 

Stellar extends transaction longstop date with Octea Mining

3rd July 2017 London-listed Stellar Diamonds on Monday said it had extended, by two weeks, the longstop date with Octea Mining for the satisfaction of certain of the conditions precedent of the binding tribute mining and revenue agreements for the Tongo-Tonguma mine development project, in Sierra Leone. The... 

Heron secures A$240m for Woodlawn project

30th June 2017 ASX- and TSX-listed Heron Resources has secured the full A$240-million funding package required for the construction and ramp-up of its Woodlawn zinc/copper project, in New South Wales. The package comprises a loan, equity and stream funding package from subsidiaries of Orion Mine Finance Group... 

Unisa professors scoop 2016/17 NSTF awards

30th June 2017 Two University of South Africa (Unisa) professors have been recognised for excellence in science, engineering and technology and innovation at the nineteenth Annual National Science and Technology Forum (NSTF) 2016/17 Awards. Material and Process Synthesis research unit director and chemical... 

Gold miner Trans-Siberian reports higher FY profit

30th June 2017 Russian miner Trans-Siberian Gold has lifted its pre-tax profit by 32% of $8.7-million in 2016, with operating profit increasing to $10.7-million and revenue rising slightly to $45.2-million. The revenue was achieved from the sale of 35 550 oz of refined gold and 51 741 oz of refined silver, at... 

Sibanye says Cooke strike cost it R160m in revenue; operations to resume on Monday

30th June 2017 Production at Sibanye’s Cooke operations, near Randfontein, will resume on July 3. This followed nearly a month-long unprotected strike by workers after they were prohibited from taking food underground. 

AngloGold awards $31m EPC contract for Sunrise Dam

30th June 2017 Gold miner AngloGold Ashanti has awarded a $31.3-million engineering, procurement and construction (EPC) contract to GR Engineering Services for a brownfields upgrade to the processing facilities at the Sunrise Dam gold mine, in Western Australia. 

Queensland underground coal mine dust levels now online

30th June 2017 Dust monitoring results from Queensland’s underground coal mines are now available online for the first time. Natural Resources and Mines Minister Dr Anthony Lynham said on Friday the results – found on the Department of Natural Resources and Mines website – would be published quarterly as part... 

Fresnillo chief chosen as new Silver Institute president

29th June 2017 The CEO of the world’s largest primary silver producer Fresnillo, Octavio Alvidrez, has been appointed president of the Silver Institute, succeeding Coeur Mining president and CEO Mitchell Krebs. The nonprofit international association that draws its membership from across the breadth of the... 

Freight demand remains robust, profit margins widen

29th June 2017 Yearly growth in air freight tonne kilometres (FTKs) remained robust during the three months ended April, with airline heads of cargo increasingly positive about the outlook over the year ahead. Respondents to International Air Transport Association’s (Iata’s) latest quarterly Cargo Market... 

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