Xtract resumes Manica as Nelson sticks to guns on resignation
XTRACT Resources on-and-off affair with the Manica gold project in Mozambique is back on again with the company re-acquiring ownership after the deal struck...
Is it viable to decriminalise South Africa’s zama-zamas?
ONE interesting development to come out of the latest illegal mining disaster in which miners - ‘zama-zamas’ – were killed at Langlaaate near Johannesburg...
Jan Nelson quits Xtract Resources
Shares in AIM-listed junior Xtract Resources have sunk to all-time lows after two body blows in the departure of charismatic CEO Jan Nelson and the decision...
Platinum mines finally taking drastic action – PwC report
Profit margins on South African platinum mines dropped to 8.5% in 2016 from 9% in 2015 remaining at levels too low to be sustainable...
Wescoal to boost annual exports to one million tons
Coal miner and trader Wescoal has finalized a series of coal supply contracts which will diversify its revenue streams and boost exports to one...
Firestone’s Lesotho diamond mine about to start production
Firestone Diamonds should start production at its Liqhobong diamond mine in Lesotho during the fourth quarter of 2016 after bringing it into operation with...
Illegal mining spiraling out of control says Chamber of Mines
Illegal gold mining – which is already worth an estimated R6bn annually – is spiraling out of control and the authorities need a co-ordinated...
Watch gold run if Donald Trump wins says Mark Bristow
The outcome of the US presidential election could provide a further boost for gold but Randgold Resources (Randgold) will achieve a position of financial...
Mark Bristow lambastes Ghana as a mining destination
Randgold Resources walked from a proposed joint venture with AngloGold Ashanti on the Obuasi mine in Ghana because of a combination of technical mining...
Coal revenue to give impetus to Oakbay’s debt raising hopes
OAKBAY Resources & Energy CFO, Trevor Scott, put a different light on his parent company’s financial difficulties saying the listed mining firm’s balance sheet...