Teranga Gold’s Young plans on double-quick repayment of $414m debt pile
TERANGA Gold intends to start mining the Massawa orebody in Senegal for a fraction of the $333m pre-production capital Barrick Gold estimated for the...
Centamin may view Endeavour offer with fresh eyes following Rutherford appointment
THE appointment of a new deputy chairman at Centamin might see the Egyptian gold producer become more receptive to the merger proposal submitted by...
Minerals Council urges Govt. to allow private money help re-wire SA’s...
SOUTH Africa's mining industry has called on Government for a mindset overhaul in respect of the country's electricity supply, saying that load-shedding was tantamount...
Load-shedding will stymie new mining investments if Eskom allows it to...
THE latest round of load-shedding imposed by Eskom, the government-owned power utility, would stymie new investment in the country's mining sector just as demand...
Base says Toliara is Madagascar’s best new investment as talks on...
BASE Resources was confident it could reach agreement with Malagasy government over new fiscal arrangements for its proposed $500m mineral sands project, Toliara.
It added...
SA’s Ramaphosa signals Govt may turn to private sector to alleviate...
PRESIDENT Cyril Ramaphosa has signalled the government may finally bow to pressure from the private sector to generate its own electricity and sell it...
Impala Platinum loses R120m in revenue owing to load-shedding
IMPALA Platinum has lost R120m from the closure of its Rustenburg and Marula mines during power cuts, a spokesman for the platinum mining company...
Madagascar lodges bill aimed at hiking royalties, taking stake in mining...
MADAGASCAR plans to increase its royalties on nickel and cobalt to 4% from 2% at present, said Reuters citing a draft mining law.
The law,...
Kenmare’s strengthening grip underlined by $150m balance sheet restructure
KENMARE Resources unveiled a balance sheet restructuring today in which it replaced short-term project debt with corporate facilities totalling $150m.
The company said the restructure...
SA mining sector restarts operations as Eskom gradually eases power restrictions
SOME of South Africa's mining companies returned to operations today and last night after power utility, Eskom, relaxed rotational load-shedding.
Harmony Gold said it had...