R/€ = 15.86 Change: 0.03
R/$ = 14.00 Change: 0.03
Au 1327.20 $/oz Change: 0.92
Pt 840.13 $/oz Change: 9.97


PIC suspends exec, manager pending investigation

By: Marleny Arnoldi     22nd January 2019 The Public Investment Corporation (PIC) has resolved to suspend listed investments executive head Fidelis Madavo and assistant portfolio manager Victor Seanie effective immediately amid investigations into alleged irregularities. This follows responses that were given to the Standing Committee... 

Mintek, Difeme partner to beneficiate quartz mined in the Northern Cape

By: Marleny Arnoldi     5th July 2018 Minerals beneficiator Mintek has partnered with Difeme Holdings Group on the development of appropriate process technologies to beneficiate quartz. Mintek will provide technical services to Difeme – a black-owned mining start-up company with a focus on the mining and beneficiation of quartz to a... 

Talaxis to acquire up to 75% of Mkango’s Songwe project

By: Nadine James     18th May 2018 Noble Group subsidiary Talaxis has entered into definitive agreements with Mkango Resources to acquire up to a 75% interest in Mkango’s Lancaster Exploration subsidiary, as well as a 49% stake in its downstream metals division Maginito Investments. In January, Talaxis paid Mkango £5-million in... 

It’s déjà vu all over again

By: Riaan de Lange     11th May 2018 “Do you ever have déjà vu, Mrs Lancaster?” “I don’t think so, but I could check with the kitchen.”, is Mrs. Lancaster’s sincere response to, essentially a sarcastic enquiry from Phil Connors, in the Groundhog Day. Groundhog Day is a situation in which a series of unwelcome or tedious events... 

Mkango shareholders approve Talaxis investment transaction

By: Megan van Wyngaardt     19th January 2018 Shareholders of Aim- and TSX-V-listed Mkango Resources have approved an investment transaction with Noble Group subsidiary Talaxis. In November, the company secured a direct investment from Talaxis, to be paid in three tranches, in exchange for a 49% interest in Mkango subsidiary Lancaster... 

Mkango shares jump on Talaxis investments

By: Natasha Odendaal     16th November 2017 The share price of Mkango Resources on the LSE surged by up to 135% on Thursday afternoon after the company reported securing a £12-million direct investment that will enable the funding of a bankable feasibility study (BFS) for its Songwe Hill rare-earth project, in Malawi. The company’s shares... 

You must be choking all over again

By: Riaan de Lange     23rd June 2017 It is a balmy London Sunday afternoon. It is June 11. It is Groundhog Day. Well, for me it is. Just a few hours ago, an unwelcome event recurred. You might even say that it was “It's deja vu all over again”, to quote Yogi Berra. Yes, Yogi Berra, and not Yogi Bear. (Yogi Berra was an American... 

OceanaGold pours gold at Haile

By: Esmarie Iannucci     20th January 2017 Dual listed gold miner OceanaGold has poured its first gold at the Haile gold mine, in South Carolina. “The first gold pour at Haile is another significant achievement for the company, the value communities of Kershaw and Lancaster, and the state of South Carolina,” OceanaGold president and CEO... 

OceanaGold sees half-year profit despite quarterly production decline

By: Anine Kilian     2nd August 2016 Despite a quarter-on-quarter decline in gold production, owing to a lower head grade, in the three months to June 30, New Zealand-based gold explorer OceanaGold’s profit rose to $63-million, or 10c a share, in the first six months of the year. At its Didipio mine, in the Philippines, the company... 

Shell Canada donates controversial offshore Nunavut exploration licences to NGO

By: Henry Lazenby     8th June 2016 The Canadian arm of Royal Dutch Shell has donated about 860 000 ha of offshore exploratory permits in the waters of Baffin Bay, near Lancaster Sound, to nonprofit organisation Nature Conservancy of Canada (NCC), in support of the establishment of a national marine conservation area off the coast... 

Romarco’s Haile project becomes shovel ready on receiving final permit

By: Henry Lazenby     8th November 2014 The South Carolina Department of Health and Environmental Control (SCDHEC) has confirmed that it issued the mine operating permit for the Haile gold mine, rendering the $353-million project shovel ready, Canadian project promoter Romarco Minerals announced on Friday. The permit was required to... 

February production down at Mintails

By: Esmarie Iannucci     8th March 2013 South Africa-focused Mintails on Friday told shareholders that it had lost some 20 kg, or 650 oz of gold, from its Mogale operation, near Johannesburg, after a temporary reduction in production. During early February this year, the Mogale facility was hit by a severe thunderstorm, with a... 


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