R/€ = 14.55 Change: 0.02
R/$ = 12.50 Change: 0.01
Au 1301.61 $/oz Change: -2.13
Pt 901.50 $/oz Change: -9.36


Brenton Kemp

25th May 2018 This week we profile Brenton Kemp, MD of Criterion Equipment, the sole distributor of TCM forklift trucks in South Africa and several neighbouring countries   

Santos spurns Harbour offer, says own strategy offers more value

By: Esmarie Swanepoel     23rd May 2018 Oil and gas major Santos has rejected the takeover offer from suitor Harbour Energy, telling shareholders on Wednesday that its own strategy would deliver more shareholder value. Harbour earlier this week increased its cash bid for Santos from $4.98 a share previously offered to $5.21 a share. 

Hwange suspends MD

By: Nadine James     18th May 2018 Zimbabwean coal miner Hwange Colliery on Friday announced that it had suspended its MD Stenjwa Thomas Makore with effect from May 14, pending a disciplinary hearing. During his suspension, Makore is not authorised to transact or conduct any business on behalf of the company. 

Kolosa Madikizela

11th May 2018 This week we profile Kolosa Madikizela, unit leader: built environment at professional consulting firm Aurecon   

Small is Beautiful for Goscor Lift Truck Company

9th May 2018 In March 2018, Goscor Lift Truck Company delivered to customers more than 30 machines including Doosan diesel and electric forklifts, Bendi articulated forklifts and a range of specialised Crown Materials Handling Equipment (MHE). The point is not so much the quantity of machines (Goscor often... 

Lucara appoints new MD for Botswana subsidiary

By: Marleny Arnoldi     2nd May 2018 Diamond miner Lucara Diamond Corporation on Tuesday announced that its Botswana subsidiary Boteti Mining’s CFO and director, Naseem Lahri, has been promoted to Boteti Mining MD.  

Newcrest cuts FY forecast on Cadia tailings incident

By: Esmarie Swanepoel     26th April 2018 Gold miner Newcrest Mining has lowered its full-year production guidance on the back of the tailings breakthrough at its Cadia operations, in New South Wales. Gold production for the 2018 financial year, which ends in June, has been revised from between 2.4-million and 2.7-million ounces, to... 

Santos production falls in Q1

By: Esmarie Swanepoel     19th April 2018 Planned maintenance has seen oil and gas major Santos’ first-quarter production decline by 1.2-million barrels of oil equivalent, compared with the previous quarter, to 13.8-million barrels of oil equivalent. The ASX-listed major told shareholders on Wednesday that planned maintenance in Moomba... 

Awak Mas gets maiden reserve

By: Esmarie Swanepoel     18th April 2018 Junior gold developer Nusantara Resources has reported a maiden ore reserve of one-million ounces at its Awak Mas gold project, in Indonesia. “Our maiden ore reserve represents a significant milestone for the company and now places Nusantara among an elite group of ASX-listed gold development... 

Crusader appoints new chairperson as it starts trading on Aim

By: Mariaan Webb     17th April 2018 Brazil-focused Crusader Resources on Tuesday announced the appointment of Andrew Vickerman as nonexecutive chairperson, following the company’s successful listing on the London Stock Exchange. Crusader’s issued share capital was admitted to trading on the Aim market on Monday, following the... 

Downer EDI awarded A$660m Carrapateena contract

By: Esmarie Swanepoel     17th April 2018 Copper/gold miner Oz Minerals has awarded a A$660-million underground mining services contract to project house Downer EDI for the Carrapateena underground mine, in South Australia. The six-and-a-half year contract will comprise all underground mining activity, including site setup and... 

Resgen secures R540m IDC loan

By: Marleny Arnoldi     16th April 2018 The Industrial Development Corporation of South Africa (IDC) has approved JSE- and ASX-listed Resource Generation’s (Resgen’s) request for R540-million in funding.  

Changing of the guard on eve of golden anniversary

13th April 2018 Interior flooring supplier and installer KBAC Flooring will celebrate the fiftieth anniversary of operations next year with three new key executive appointments. Brandon Park has been appointed KBAC’s new CEO, Ashleigh Keefer as its new CFO, and Etienne Louw as the new MD. 

LG Chem cobalt deal sets tone for battery cathode market

By: Henry Lazenby     12th April 2018 A new deal by Korean battery manufacturer LG Chem and China’s Huayou Cobalt is expected to set the tone for the lithium-ion battery cathode market. The two partners have announced a significant deal worth about $440-million to build a 40 000 t/y lithium-ion battery precursor materials plant and a... 

Kin’s share price plunges 40% on Leonora curtailment

By: Esmarie Swanepoel     11th April 2018 The share price of ASX-listed Kin Mining plunged 40% on Wednesday as the company announced that it had curtailed construction work at the Leonora gold project, in Western Australia, on fears of a cost blow-out. The junior on Wednesday told shareholders that the decision was necessitated by an... 

Resolute invests in explorer with DRC gold rights

By: Esmarie Swanepoel     4th April 2018 Australian gold producer Resolute Mining has taken a 27% interest in Canadian explorer Loncor Resources through a C$2.6-million subscription placement and a C$2.5-million share swap. The agreement will see Loncor acquire full ownership of two companies in the Democratic Republic of Congo (DRC)... 

Senex granted approvals for project to supply gas-strapped east coast

By: Esmarie Swanepoel     29th March 2018 The Queensland government has granted ASX-listed Senex Energy a petroleum lease and preliminary environmental approvals to develop Project Atlas, to supply gas to the domestic market. Natural Resources, Mines and Energy Minister Dr Anthony Lynham said the grant of Senex’s petroleum lease in the... 

Wolf makes interim MD’s appointment permanent

By: Creamer Media Reporter      22nd March 2018 UK-focused tin and tungsten miner Wolf Minerals has appointed Richard Lucas as MD with effect from March 21. Lucas was appointed as interim MD in April last year, as part of the leadership transition and the need for a greater onsite executive team commitment to turnaround the Drakelands mine,... 

The lithium sector surge is poised to ignite a deals bonanza

By: Bloomberg     21st March 2018 The tripling in lithium prices over three years is poised to fuel a multi-billion dollar rush of deals as major players jostle for dominance to supply the metal needed for the electric vehicle battery revolution. China’s expected to lead a mergers and acquisition bonanza as companies seek to... 

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... 

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