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Creamer Media Reporter

Drilling at Zambia project delivers ‘encouraging’ results for BMR

10th January 2017 Aim-listed BMR Group has reported “extremely encouraging” results from a drilling programme at its Kashitu project, in Zambia. Sample drilling of 183 holes had allowed BMR to delineate three distinct surface mineralised zones, including a 900 m by 300 m area with mineralisation at greater than 1%... 

Mining industry leaders announce new commitment to water stewardship

10th January 2017 The International Council on Mining and Metals (ICMM), whose members include 23 of the world’s leading mining companies, on Tuesday announced new commitments on water stewardship to help tackle one of the biggest global challenges of the twenty-first century. With more than 1.2-billion people... 

Tanzania’s macroeconomic performance remains strong – IMF

10th January 2017 Tanzania has met most of the assessment criteria and indicative targets under the three-year Policy Support Instrument (PSI), the International Monetary Fund (IMF) said this week after completing its fifth programme review of the East African country’s economic performance. The IMF granted... 

Coastal Pacific found guilty of market manipulation

5th January 2017 The Alberta Securities Commission (ASC) has found that Coastal Pacific Mining illegally manipulated the market for its securities and engaged in conduct contrary to the public interest, the securities regulator has found. The commission has found that in 2010, Coastal implemented a campaign In... 

Largo sustains vanadium production above nameplate capacity

4th January 2017 TSX-listed Largo Resources has hit a new monthly vanadium pentoxide production (V2O5) record at its Maracás Menchen mine, in Bahia state, Brazil, producing 828 t of the industrial metal – surpassing the previous September record by 22 t. Largo also announced that it has achieved new weekly and... 

Shell Lubricants Market Leader for the tenth year in a row

20th December 2016 Shell Lubricants has retained its global market leading position in 2015 with 11.6% market share, according to Kline & Company’s Global Lubricants Industry: Market Analysis and Assessment 2016 report. This is the tenth consecutive year that Shell Lubricants has been named the number one global... 

Hudaco buys two new businesses

15th December 2016 JSE-listed Hudaco Industries has acquired two businesses to complement its existing offerings in a deal valued at up to R111-million. Hudaco, which will pay an initial combined R28-million, will absorb voice and data solution provider SST Telecoms and core information technology systems and... 

TNPA to issue tender for berth deepening megaproject

14th December 2016 Transnet National Ports Authority’s (TNPA’s) multibillion-rand Main Marine Construction Works package, part of the R7-billion Durban Container Terminal (DCT) Pier 2 berths 203 to 205 reconstruction, deepening and lengthening project, will be put out to tender this month. The tender process for... 

Atlatsa reports fatality at Bokoni mine

13th December 2016 Dual-listed Atlatsa Resources on Tuesday reported a fatality at the Brakfontein shaft of its Bokoni mine, near Polokwane. The employee, a miner’s assistant, was fatally injured last week in what the company described as a water-related incident. 

Sasol enters several hedges for FY17

8th December 2016 JSE-listed Sasol has entered into several hedges to mitigate specific financial risks in the 2017 financial year, which ends June 30, 2017. The move, part of a board-approved policy, includes hedges against the downside risk in the crude oil price to “increase the stability and predictability of... 

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