Blyvoor Gold announces plans to list on Nasdaq
PRIVATELY-owned Aurous is to list South Africa’s Blyvooruitzicht (Blyvoor) mine on Nasdaq, announcing on Monday the mine’s acquisition by blank cheque company Rigel Resource…
Blyvoor Gold valued by US-listed takeover partner at $425m
RIGEL Resource Acquisition Corporation, a New York-listed ‘blank-check’ company was in talks to combine with South African gold miner Blyvooruitzicht Gold Mining (Blyvoor Gold),…
Blyvoor Gold says underground protest over after declared illegal
BLYVOOR Gold said today an underground sit-in at its mine by “a minority of employees” had ended after the Labour Court declared the protest illegal. “Blyvoor management is…
Portia Derby bows to critics announcing resignation from Transnet
TRANSNET’S Portia Derby has bowed to nearly a year of pressure announcing today her resignation from the state-owned ports and rail company, effective October 31. Nonkululeko…
Amplats appoints finance director Craig Miller as new CEO
ANGLO American Platinum (Amplats) today announced that its finance director Craig Miller would take over running of the company from outgoing CEO, Natascha Viljoen. The…
Johannesburg’s born again miner Blyvoor Gold may seek listing
BLYVOOR Gold, the company that bought the 81-year old Blyvooruitzicht gold mine out of liquidation, is considering listing the company, its executive chairperson said. “We have…
Kenmare adjusts output guidance following ‘unusually intense’ lightning strike
KENMARE Resources said mineral production in its 2023 financial year would come in at the lower end of a forecast owing to a rare electrical strike in early February which hit…
Kenmare says extension of Moma titanium mine to cost minimum of $225m
KENMARE Resources said an extension of its Moma titanium mine in Mozambique would require a capital outlay of not less $225m. Commenting in a fourth quarter production update, MD…
‘Unprecedented’ rainfall dampens Tharisa first quarter chrome and PGM mine output
UNPRECEDENTED rainfall hampered production from Tharisa’s platinum group metal (PGM) and chrome mine in the first quarter, the Johannesburg-listed group said in an update today.…
Gemfields says “basic operations” resume following evacuation of Montepuez ruby mine
GEMFIELDS said “basic operations” had resumed at its Montepuez ruby mine in Mozambique which had been evacuated last week following an attack on a neighbouring property.…
Gemfields evacuates Montepuez ruby mine as insurgency flares up at neighbour
MINING had stopped at Gemfields’ 75%-owned Montepuez mine in Mozambique following an attack on a neighbouring property thought to be perpetrated by insurgents. The ruby and…
Kore shares plummet after firm details employee arrests amid Govt. ultimatum
RELATIONS between Kore and the Republic of Congo (RoC) have taken a turn for the worse after the country’s mines ministry expressed “discontent” with the progress of the $1.85bn…
Kore warns of potential delays in approving engineering contract for $1.83bn Kola potash
KORE Potash warned of possible delays in the approval of a financing package for the proposed $1.83bn Kola project in the Republic of Congo (RoC). The Johannesburg- and…
De Beers CEO says diamond industry “watchful of macroeconomic challenges”
PROVISIONAL rough diamond sales fell 4.1% to $630m for De Beers’ sixth sales cycle compared to the previous cycle this year. On a year on year basis, the sixth cycle sales were a…
Copper may fall $1,000/t as demand weakens and new mines bolster supply
THE copper price was due for further weakness – possibly as much as 15% off currrent levels, analysts say. However, they disagree on the metal’s prospects for the next two years…
Petra to post strong free cash in 2022 following resurgence in rough diamond prices
A 41.5% improvement in rough diamond prices drove Petra Diamond’s revenue to $584.1m for the year ended June and helped transform the once stricken group’s fortunes. “This year’s…
Bushveld outlines R2.3bn growth plan but market takes dim outlook with share hitting 5-year low
BUSHVELD Minerals has outlined a plan to grow vanadium production 50% through the expansion of its processing facilities and the possible development of a new mine estimated to…
Former AngloGold Ashanti chairman quit role amid sexual harassment investigation
SIPHO Pityana, a former director of AngloGold Ashanti, resigned as the firm’s chairman in December 2020 following an investigation into a complaint of sexual harassment. This…
Gemfields to return to profit after mines recover from Covid-19 lockdowns
GEMFIELDS will return to profit in the six months ended June following a harrowing 2020 in which auctions were all but wiped out by Covid-19 related travel restrictions. The…
It’s carpe diem for SA miners as Govt. opens up the energy sector
AS South African miners try to ramp up output to sell into the post-pandemic commodities boom and meet intensifying investor demands for carbon-neutral operations, they are being…