R/€ = 14.72 Change: 0.00
R/$ = 11.98 Change: 0.00
Au 1317.97 $/oz Change: 0.00
Pt 956.60 $/oz Change: 0.00


Trans-Siberian appoints new MD for operating subsidiary

By: Creamer Media Reporter      7th March 2018 Gold miner Trans-Siberian has appointed a new MD for its operating subsidiary ZAO Trevozhnoye Zarevo with immediate effect. Konstantin Kornienko will succeed Mikhail Nikitin, who led the construction and commissioning of the Asacha gold mine and its production operations thereafter. 

Pilbara to fast-track Pilgangoora development as new investor comes to play

By: Megan van Wyngaardt     28th February 2018 The multi-faceted agreement signed between South Korean steelmaker Posco and Australian lithium miner Pilbara Minerals this week would strengthen the latter's balance sheet, allowing it to accelerate Stage 2 and complete Stage 1 of its Pilgangoora project in Western Australia, the miner said on... 

Tahoe suffers $18m Q4 loss as Escobal shutdown saga drags on 

By: Henry Lazenby     24th February 2018 Precious metals producer Tahoe Resources has recorded an $18-million loss for the fourth quarter ended December 31, as its flagship Escobal silver mine, in Guatemala, lingers on care and maintenance. The TSX- and NYSE-listed miner reported an adjusted comparative loss of $17.7-million, or $0.06 a... 

The SENET board is pleased to announce that Darren Naylor has been appointed as Managing Director of SENET, effective 1 March 2018.

     23rd February 2018 Jim Hollywood Chairman Darren joined SENET in 2007 as a Project Manager. He was appointed to the Board in 2014, in the role of Business Development Director. Darren is a Professional Chartered Marketer and holds a Bachelor’s Degree in Marketing, as well as a Master’s Degree in Business... 

Mark Wilson

     23rd February 2018 This week we profile Mark Wilson, MD of Syspro Africa, an enterprise resource planning solutions provider   

Orion reveals encouraging results from drilling at Prieska project

By: Simone Liedtke     19th February 2018 ASX- and JSE-listed Orion Minerals on Monday announced further encouraging results from drilling at the company's Prieska zinc/copper project, in the Northern Cape. Drill hole OCOD087_D2, drilled on the south-west margin of the NW Trough Target, intersected 14 m of mineralised massive sulphide... 

Whitehaven achieves record first-half profit

By: Schalk Burger     19th February 2018 New South Wales-based miner Whitehaven Coal has increased its sales revenue by 39% year-on-year to $1.15-billion and its net profit after tax by 63% year-on-year to $257.2-million in the six months ended December 31, 2017. Operating earnings before interest, taxes, depreciation and amortisation... 

PPC appoints Claassen as CEO

By: Simone Liedtke     14th February 2018 Cement producer PPC has appointed Johan Claassen as CEO and executive director of the company. Claassen has served as interim CEO for a number of months, with PPC chairperson Peter Nelson noting that he has overseen a number of important milestones, including the successful stabilisation of the... 

Botswana Diamonds starts exploration work at Botswana JV, maintains exploration optimism

By: Mia Breytenbach     13th February 2018 Aim-listed Botswana Diamonds has started exploration work on the Sunland Minerals joint venture (JV), which it shares with Russian diamond producer Alrosa, in Botswana. The objective of the exploration programme is to follow up on 15 previously identified priority geophysical targets in PL232-235... 

Mt Ridley acquires Philippines epithermal gold project

By: Schalk Burger     13th February 2018 ASX-listed gold miner Mount Ridley Mines has acquired Singapore-based Prometheus, which owns the rights to the high-grade Diwalwal gold project, on the island of Mindanao, in the Philippines. Mount Ridley will issue about 1.59-billion fully paid ordinary shares in exchange for 100% of the issued... 

PFS outlines 'compelling case' for Pilgangoora expansion – Pilbara

By: Megan van Wyngaardt     13th February 2018 Australian lithium developer Pilbara Minerals has delivered a prefeasibility study (PFS) for its flagship 100%-owned Pilgangoora lithium/tantalum project, in Western Australia. The company reported on Tuesday that the PFS outlined a "compelling business case" for the expanding the project to... 

Harper quits as Kin Mining MD

By: Mariaan Webb     13th February 2018 Don Harper has resigned as MD of emerging gold development firm Kin Mining, the ASX-listed company announced on Tuesday. In a short statement, the board said it had accepted the resignation and that a search process to find a suitable replacement would be commissioned shortly. 

Dempsey gets a foot in the lithium brine door

By: Mariaan Webb     6th February 2018 Australia-based Dempsey Minerals has moved to secure a landholding in what is arguably the most productive lithium brine basin in Argentina at a time when the lithium market is experiencing significant growth. The company announced on Tuesday that it had entered into an exclusive option agreement... 

Paladin to return to ASX, most shares in hands of creditors

By: Mariaan Webb     2nd February 2018 Uranium miner Paladin Energy will apply for its securities to be reinstated to official quotation on the ASX, the Australia-based company said on Friday, announcing the completion of its restructuring and the appointment of two new directors. With the deed of company arrangement (DOCA) effected,... 

Kefi welcomes senior managers to executive committee

By: Megan van Wyngaardt     1st February 2018 Aim-listed gold and copper exploration and development company Kefi Minerals has expanded its senior management team as part of preparations for its development and operations. This includes the appointment of David Munro as head of operations, Eddy Solbrandt as head of systems and Brian Hosking... 

Perseus pours gold at Côte d'Ivoire mine ahead of schedule

By: Megan van Wyngaardt     29th January 2018 Dual-listed Perseus Mining has achieved its first gold our at its Sissingué operation, in Côte d'Ivoire, one month ahead of schedule. The company said on Monday the ramp-up to full scale commercial production at Sissingué was progressing as planned and that it was expected to be achieved on or... 

Battery Minerals restructures board

By: Creamer Media Reporter      25th January 2018 Project developer Battery Minerals has restructured its board to a traditional governance structure, as it prepares to transition to a graphite production company. David Flanagan will move from executive chairperson to MD and cofounder Cherie Leeden will step down as an executive director and... 

West African gold explorer lists in Australia

By: Mia Breytenbach     18th January 2018 West African gold developer and explorer Tietto Minerals started trading on the ASX on Thursday, following its successful initial public offer (IPO) that raised A$6-million from institutional and high net worth investors, including two global resources funds. The company issued 30-million shares... 

Illovo appoints new South Africa MD

By: Anine Kilian     17th January 2018 Illovo Sugar South Africa has appointed Mamongae Mahlare MD, effective March 1. She will succeed Dave Howells who stepped down to focus on his role as corporate and external affairs executive within the broader Illovo Sugar Africa Group.   Mahlare previously held commercial, operational and... 

Novus Holdings welcomes ITB Manufacturing on board

     17th January 2018 In June 2017, the Competition Commission approved the proposed merger between Novus Holdings, a leader in commercial print and manufacturing, and ITB Manufacturing, a private company that manufactures and supplies flexible plastic packaging solutions. Accordingly, it was announced via SENS on 19... 

OZ takes advantage of higher copper price, lifts 2018 guidance

By: Megan van Wyngaardt     17th January 2018 ASX-listed OZ Minerals has marked 2017 as a year of strong production and financial performance, with the miner reporting on Wednesday that it had achieved its copper production guidance for the third consecutive year, and that it had exceeded its gold guidance. Noting that it had made... 

Key appointments at WA rare earths project

By: Mariaan Webb     17th January 2018 Several key appointments have been made at the Browns Range heavy rare earth project, in Western Australia, including that of a general manager (GM). Metallurgist Tony Hadley has been appointed GM for the Browns Range project, starting in mid-February, ASX-listed Northern Minerals announced on... 

Miners bolster senior ranks in preparation for fast-paced 2018

By: Henry Lazenby     16th January 2018 Several Canadian listed miners reported senior management changes on Tuesday. Marine mining hopeful Nautilus Minerals announced Tuesday that Tariq Al Barwani has been appointed to the role of nonexecutive chairperson. Al Barwani joined the board in May 2016. He is a director and shareholder of MB... 

Metals power higher as sickly dollar spurs copper-to-gold rally

By: Bloomberg     15th January 2018 Copper jumped by the most in two months and zinc hit a fresh decade-high as base metals rallied on a potent combination of a softer dollar and continued robust outlook for demand. Gold and palladium also climbed. Copper surged as much as 2.1%, the most since November 13, to $7 259 a metric ton... 

Bernard Olivier appointed as Mustang MD

By: Megan van Wyngaardt     15th January 2018 ASX-listed Mustang Resources has appointed' Dr Bernard Olivier to its board as MD, and has created a new position of COO, which is filled by Cobus van Wyk. Olivier has stepped into the position that Christiaan Jordaan vacated in November. 

Centrex says Ardmore phosphate study shows strong returns

By: Natasha Odendaal     15th January 2018 A scoping study for the Ardmore phosphate project, in north-west Queensland, has revealed strong potential returns and further cemented conceptual economics, ASX-listed Centrex Metals said on Monday. The company, which acquired the project in June 2017, has been focused on developing a phosphate... 

Kibaran, ProGraphite sign knowledge-sharing agreement

By: Megan van Wyngaardt     20th December 2017 ASX-listed Kibaran Resources has signed a binding agreement with German-based ProGraphite under which it would grant Kibaran full access to its extensive technical and commercial knowledge relating to the processing of graphite for use in battery product applications. Noting that this was an... 

Steve Burks

     15th December 2017 This week we feature Steve Burks, MD of Lycopodium ADP, Cape Town, a company engaged in engineering design, procurement, construction management and the commissioning of metallurgical processing plants   

Annapolis solar park, US

By: Sheila Barradas     15th December 2017 Construction of the Annapolis solar park has started. 

Newcrest sells Bonikro gold mine for $81m

By: Mariaan Webb     13th December 2017 Australian gold major Newcrest has agreed to sell its 89.89% interest in the Bonikro gold mine, in Côte d'Ivoire, for $81-million, the company announced on Wednesday. A consortium comprising Forbes & Manhattan Group and the Africa Finance Corporation has picked up the asset, which produced 128... 

First mover Noront shifts RoF focus to Cu/Zn exploration

By: Henry Lazenby     8th December 2017 With the first commitments in place to build roads into Northern Ontario’s emerging Ring of Fire (RoF) mining camp, regional first mover Noront Resources is taking the opportunity to continue to build out its inventory of polymetallic resources by prioritising copper/zinc targets for exploration... 

New polishing facility a boost to Dubai’s status as a diamond trading centre

By: Dylan Slater     8th December 2017 The global diamond industry is either growing in affluent regions or remaining steady in less affluent ones, thereby reflecting a degree of positivity, as well as signs of growth. This also points to untapped potential that is ready to be unlocked through increased investment upstream and... 

Mike Brown steps in as Gem Diamonds nonexecutive director

By: Dylan Slater     7th December 2017 Diamond producer Gem Diamonds is set to receive fresh blood as decade-sitting Gavin Beevers will not stand for re-election in 2018 as a nonexecutive director 

Newcrest agrees lower power tariff for Cadia, eyes renewable supply as long-term solution

By: Creamer Media Reporter      5th December 2017 Gold miner Newcrest has negotiated a lower electricity tariff for its Cadia operation, in New South Wales, which will assist in bringing down the New South Wales-based mine’s all-in sustaining costs to the lower-end of its $255-million to $295-million guidance range for the 2018 financial year.... 

Electric vehicle revolution a rare investment opportunity as metals demand spikes

By: Henry Lazenby     1st December 2017 The rate at which global automotive markets are adopting electric vehicles (EVs) is accelerating at a much faster pace than even some of the keenest market observers estimated at the start of 2017, and is opening up once- in-a-lifetime investment opportunities among the four key ‘energy metals’ –... 

Warne Rippon

     1st December 2017 This week we feature Warne Rippon, executive director of Allied Steelrode, a supplier and processor of steel.   

Makwana appointed chairperson of Illovo Sugar

By: Natasha Odendaal     30th November 2017 Illovo Sugar South Africa on Thursday announced the appointment of Mpho Makwana as chairperson, effective December 1, succeeding Gavin Dalgleish who stepped down to focus on his role as group MD. Makwana previously co-chaired the World Economic Forum on Africa in 2011 and served as Eskom... 

Volvo Cars owner buys US flying car aspirant, targets 2019 launch

By: Irma Venter     28th November 2017 China’s Zhejiang Geely Holding Group (Geely) will acquire the operations and assets of Terrafugia, a US-based company focused on the engineering and production of flying cars and other future technologies. Geely also owns Lotus and Volvo Cars, and sells taxis under the London Taxi brand. 

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