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Creamer Media Reporter

Ecosse appoints new MD

15th March 2017 Subsea technology company Ecosse Subsea Systems (ESS) has appointed Mark Gillespie as MD to strengthen the management team and introduce the new skills required to accelerate to the “next level of growth” over the next five years. The move will allow ESS founder and chairperson Mike Wilson to... 

CoAL narrows interim loss

14th March 2017 Triple-listed Coal of Africa Limited (CoAL) has narrowed its loss for the six months to December 31, to $12.97-million, from the loss of $14.2-million recorded in the six months to December 31, 2015. The narrowed loss was owing to a net foreign exchange gain of $2.9-million, compared with a net... 

Davies confident that black industrialists will succeed

10th March 2017 The Department of Trade and Industry is confident that the 27 black industrialists that are the grant recipients of an aggregate R577-million under the Black Industrialists Incentive Scheme will be successful. Trade and Industry Minister Dr Rob Davies believes these companies will succeed in... 

DTI content with mining equipment manufacturing sector collaboration

9th March 2017 The Department of Trade and industry (DTI) on Thursday said it was “pleased” with the progress being made in developing South Africa’s mining equipment manufacturing sector under the umbrella of Mining Equipment Manufacturers of South Africa (Memsa). The department launched the initiative to... 

Cementation Canada secures a win at #DisruptMining

9th March 2017 Cementation Canada, a member of the Murray & Roberts group, has emerged as the co-winner of the $1-million dollar grand prize in the yearly #DisruptMining competition. Selected as one of five finalists from 153 submissions, the firm, which was also the winner of the prestigious People’s Choice... 

Gahcho Kué receives third major award

9th March 2017 The Gahcho Kué mine has received its third major award. It won the Viola R MacMillan Award during the Prospectors and Developers Association of Canada Awards Gala earlier this week. 

Corsa Coal narrows FY16 loss, expects to raise coal output in 2017

8th March 2017 TSX-V-listed metallurgical, thermal and  industrial coal producer Corsa Coal has narrowed its net loss for 2016 to $34.14-million, compared with the loss of $152.99-million in 2015. Adjusted earnings before interest, taxes, depreciation and amortisation improved to $6.63-million, compared with... 

Updated PFS delivers improved economic metrics for Amarillo’s Mara Rosa project

8th March 2017 An updated prefeasibility study (PFS) on TSX-V-listed Amarillo Gold’s Mara Rosa project, in Brazil, has demonstrated improved economic metrics, compared with a 2011 study, including a rapid after-tax payback period of just over two years. The updated PFS investigated two mining scenarios –... 

Mountain Province completes second Gahcho Kué diamond sale

8th March 2017 TSX- and Nasdaq-listed Mountain Province Diamonds has completed the second sale of diamonds from its Gahcho Kué mine. Some 277 646 ct were sold, while a third sale comprising some 193 900 ct is scheduled for late March. 

Tribunal reopens Allens Meshco case to determine penalty liability

7th March 2017 The Competition Tribunal has agreed to an application by the Competition Commission to reopen the long-running Allens Meshco case to obtain clarity on where to direct penalties should it be required. Following a request by the commission, the reopening of the case will provide the Competition... 

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