Africa's largest mining and investment show, Mining Indaba, gets underway in Cape Town, South Africa.
Africa Mining News
Three miners have died in two separate incidents at platinum mines in South Africa.
MDM Engineering has been awarded the EPCM contract for the engineering and construction of a 1.2 Mt/y Dense Media Separation (DMS) plant for Comide, a subsidiary of Camrose Resources, which itself is a joint venture between ENRC and Cerida. This plant is the first of two DMS units to be built on site which, when completed, will have an annual output of 3 Mt/y.
Gryphon Minerals Limited (ASX:GRY) is pleased to announce more outstanding drilling results from ongoing reverse circulation and diamond drilling at the Samavogo Gold Deposit, at the Company's flagship Banfora Gold Project in Burkina Faso, West Africa.
Implats reported Friday that a search mission was underway at its Rustenburg operation in search of two trapped workers and had stopped work at the affected shaft. Impala Platinum, the world's second-largest producer of the precious metal, said on Friday
Active Australian gold explorer, Gryphon, today announced significant new drilling results at its Samavogo prospect. Gryphon Minerals Ltd (ASX: GRY indicated today that the latest drilling could enhance the already-established JORC Code inferred resource
Ghana will seek to boost revenues from its mining industry next year by hiking taxes, according to a text of the 2012 budget delivered to parliament.
Stratex International plc ("Stratex‟ or "the Company‟), the AIM-quoted exploration and development company focussed on gold and base metals in Turkey and East Africa, is pleased to report additional significant gold intersections from drilling at the
Ghana will seek to boost revenues from its mining industry next year by hiking taxes, according to a text of the 2012 budget delivered to parliament on Wednesday. The corporate tax rate on miners will increase to 35% from 25% and a separate 10% tax on windfall profits will be introduced, according to the text.
During Q1 Implats production fell 12% due mostly to planned operational outages. Gross platinum production was 388,000 oz compared to 441,000 during the same quarter a year ago. Palladium also declined in line with platinum, coming in at 251,000 oz compared to 285,000 year ago. Rhodium declined by just 7% from 53,000 oz compared to 57,000 oz. Costs also rose during Q1. "Group unit cost per platinum ounce produced excluding share-based payments rose by 10.8% from the previous quarter a year ago primarily due to the recent impact of the 10% wage settlement and the continuation of high electricity tariff increases," said the company in a statement.
TORONTO, ONTARIO--(Marketwire - Nov. 16, 2011) - Ethiopian Potash Corp. (the "Company") (TSX VENTURE:FED)(TSX VENTURE:FED.WT)(OTCQX:ETPHF) is pleased to announce that it has completed 16 diamond drill holes totalling 3,353 metres on its Danakil Potash Project. The initial 16 holes were drilled in the South-west Target Area. Holes 17 and 18 are currently being drilled to test the northern continuation of the South-west Target Area. All holes have intersected the Danakil Potash bearing sequence.
Forbes Coal secures ZAR230 million (approximately C$30 million) loan facility to fund the company's expansion
TORONTO, ONTARIO--(Marketwire - Nov. 16, 2011) - Forbes & Manhattan Coal Corp. (TSX:FMC)(JSE:FMC) ("Forbes Coal" or the "Company"), through its subsidiary Slater Coal Proprietary Limited, has secured a ZAR230 million (approximately C$30 million) loan facility from Investec Limited ("Investec"), an international investment and private banking group. Funds from the loan facility will be used to further the Company's expansion plans.
Stock in Avion Gold Corp. (TSX:AVR) fell more than 13 per cent in heavy trading Tuesday after the Toronto-based miner with operations in West Africa reported third-quarter earnings that were only half of those a year earlier.
Helio Resource Corp (TSX-V: HRC) is pleased to report the first results from a recently completed RC drill programme on the Gold Kop target, at the Damara Gold Project in central Namibia.
African Gold Group, Inc. Northern Step-Out Hole Intercepts 112 Meters of 2.14 g/t Au-Hole Ends in Mineralization-Kobada, Mali
TORONTO, ONTARIO--(Marketwire - Nov. 15, 2011) - African Gold Group, Inc. (TSX VENTURE:AGG), ("AGG" or the "Company") is pleased to report the analytical results for six near surface (oxide), reverse circulation (RC), step-out drill holes,...
Montero Announces Infill Drilling Results of 11.7m at 7.35% TREO at the Wigu Hill Rare Earth Project in Tanzania
TORONTO, ONTARIO--(Marketwire - Nov. 15, 2011) - Montero Mining and Exploration Ltd. (TSX VENTURE:MON) ("Montero") has completed an infill drilling program at the Twiga Zone at the Wigu Hill Rare Earth Project in Tanzania. Infill drilling ...
TORONTO, ONTARIO--(Marketwire - Nov. 15, 2011) - Avion Gold Corporation (TSX:AVR)(OTCQX:AVGCF) ("Avion" or the "Company") today announces its financial results for the third quarter ended September 30, 2011. All amounts are in United States dollars unless otherwise indicated. Earnings Per Share of $0.02. Cash Costs of $806 Per Ounce Produced in Third Quarter 2011
TORONTO, ONTARIO--(Marketwire - Nov. 15, 2011) - Frontier Rare Earths Limited (TSX:FRO)(TSX:FRO.WT) is pleased to provide an update on operational progress at its Zandkopsdrift rare earth element project in South Africa and related corporate activities. "We are very encouraged by the progress of work on the preliminary economic assessment for our flagship Zandkopsdrift project, and expect to announce the results early next year," said Mr. James Kenny, President and CEO of Frontier Rare Earths. "We believe that the PEA will clearly demonstrate the significant economic potential of Zandkopsdrift and this will leave Frontier well positioned to become one of the major producers of rare earths globally commencing in 2015."
Energio ( ASX: EIO ) is developing a world class iron ore opportunity at the Agbaja Iron Ore Exploration Project in Nigeria, which has resource potential of 1 to 2 billion tonnes of iron ore.
Sundance Resources Limited (ASX:SDL) ore reserve upgrade to 352 million tonnes of high-grade hematite
Sundance Resources Limited (ASX:SDL) advises that the High Grade Ore Reserve for Stage One of the Mbalam Iron Ore Project in the Republic of Cameroon and the Republic of Congo now totals 352 million tonnes (Mt) at 62.4% Fe. All Mineral Resources and Ore Reserves have been estimated in accordance with the JORC Code. This upgraded estimate is significant because it confirms Mbalam now has sufficient Reserves to deliver Stage One of the Project. Stage One proposes the production of 35 Mt per year of High-Grade Direct Shipping Ore (DSO) for at least 10 years.
Mining companies in Zambia may have to scale down their operations to cope with higher mining taxes recently imposed by President Michael Sata's new government. Reuters quotes the general manager of the country’s chamber of mines, Frederick Bantubonse:
Eastplats recorded earnings attributable to equity shareholders of the Company of $1,364,000 ($0.00 per share) in the quarter ended September 30, 2011 ("Q3 2011") compared to earnings of $4,039,000 ($0.01 per share) in the quarter ended September 30, 2010 ("Q3 2010").
Automation/remote control, bulk handling and storage, South African technology and services are three of the main articles currently being written by John and Paul for the January issue of International Mining. The automation/remote control article, for instance, will examine the big new orders for autonomous trucks, look at the latest in blasthole drill automation and peer underground to see the latest technologies being employed there, AND MORE. Do contact the editors, before early December, if you have contributions you wish to suggest for any of these articles.
DRC-based Boss Mining SPRL, owned by Eurasian Natural Resources Corporation PLC (ENRC), has awarded FLSmidth four different orders for equipment at its copper operation in Kakanda in the Katanga Province of the DRC. The value of this bundled equipment package makes it one of the largest orders placed with FLSmidth in South Africa for minerals processing equipment since its acquisition of Dorr-Oliver Eimco in 2007.
Business Times reports thousands of people face evacuation from greater Johannesburg in the Gauteng province – the economic heartland of South Africa – due to toxic sludge from abandoned gold mines laced with high radiation levels. Acid mine water, the result of groundwater flowing through underground shafts, is decanting from an old uranium mine and rising by half a metre a day beneath the city of 7 million people. Mass evacuation of informal settlements is one of several recommendations in a government-commissioned plan drafted in June to deal with 380 acid mine dumps – many of them radioactive – left over from more than century of underground mining. Uranium is often mined as a byproduct of gold in South Africa.