SRK Consulting (Canada) Inc. is releasing the following in response to Orezone Gold Corporation’s (“Orezone”) news release of August 22, 2016.
Africa Mining News
The world is far from reaching peak gold – miners are making the most of a rising gold price to bring giant projects on stream before the end of the decade.
Suspension of Maricunga comes earlier than planned after a court upheld the country’s regulator decision to shut down the water system linked to the mine over environmental concerns.
Study shows commodities have been the best performing asset class during Fed rating hike cycles since 1983 with average returns for industrial metals 44%
The miner continues to look for new assets, including Anglo American’s 40% stake in their manganese joint venture — Samancor.
The miner said it was is currently assessing the operational and financial situation of its platinum division, which may require "remedial action".
It's possible that OPEC is crying wolf with hints of an output freeze next month in Algiers; but it's also possible that they are ramping up production to take the sting out of a freeze.
Despite a rebound in commodity prices and successful costs cuts, Glencore remained in the red in the six months to end-June.
DMCC to outline Dubai’s unique value proposition to miners highlighting a supply chain solution free of conflict minerals in collaboration with Ghana Chamber of Mines and Dubai Chamber of Commerce & Industry
The proposed partnership will help the firms realize the full potential of Kossanto East, which currently has a JORC-compliant resource of 247,000 ounces of gold.
The diamond producer plans to combine its Tongo mine with Octea Mining’s adjacent Tonguma operation.
The worst is over, at least for base metals, says Moody's, but warns that challenging industry conditions should continue through to at least 2018.
Signs of resurgence in platinum, a stronger gold price and growing coal exports to India should be triggers for South Africa’s mining leadership to grasp the opportunities that it missed in the last commodity boom, according to consulting engineers and scientists SRK Consulting (South Africa).
The potential acquisition fits in the South African gold producer’s plans to expand operations across Africa.
Large scale futures speculators and PGM investors in physically-backed exchange traded funds are taking wildly different views of the outlook for the metals.
South Africa's state pension fund is pushing Anglo to spin off all its assets in the country, including the miner's coveted platinum mines.
None of the foreign-owned platinum miners operating in the world's number three producer of the precious metal is listed on the Zimbabwe Stock Exchange.
B2Gold’s stock has gained almost 229% so far this year.
Glencore's will continue to curtail production in zinc, copper and other metals – it's clear why.
PGM prices plunge after data show country's mines responsible for 70% of global production are humming and local currency revenues are hitting records.
Shares in the Canadian company were up more than 3.6% Thursday morning on the news.
The diamond will be offered for sale in Johannesburg later this month.
According to the Zimnisky Global Rough Diamond Price Index, rough diamond prices have climbed 8.9% in the last 3 months.
On Monday, Asanko shares added to three-fold gains year-to-date after releasing maiden resource for satellite targets at its producing mine in West Africa.
“Company guidance and our estimates suggest that copper is entering the eye of the supply storm.”