Randgold replaces 2016 Loulo-Gounkoto complex gold output, updates Morila reclamation plan
Africa-focused gold producer Randgold Resources said Tuesday it had replaced 100% of the 707 116 oz gold it produced in 2016 at the Mali-based Loulo-Gounkoto complex through ongoing exploration, placing the operation on track to meet 2017 production guidance of 690 000 oz gold, despite some industrial action in the first quarter.
The complex’s resource profile was bolstered by extensions at Gara, within the Loulo lease, and the approval of the Gounkoto superpit, CEO Mark Bristow said in a statement.
(Wed, 26 Apr 2017 01:33:00 +0200)
BHP cuts coking coal, copper guidance, narrows iron-ore range
Diversified major BHP Billiton on Wednesday lowered its metallurgical coal and copper production targets, narrowed its iron-ore guidance and said that it plans to sell some noncore US shale gas acreage.
The mining major reduced its metallurgical coal production guidance for the 2017 financial year, which will end in June, to between 39-million and 41-million tonnes, from a previous guidance of 44-million tonnes. The lower production forecast is the result of third-party rail infrastructure damage caused by Cyclone Debbie.
(Wed, 26 Apr 2017 06:30:00 +0200)
Sibanye’s Stillwater buy wins strong shareholder support
Shareholders have voted overwhelmingly in favour of Sibanye acquiring Stillwater, the US platinum group metals (PGMs) company. The number of shares that voted in favour of the proposed deal made up 83% of Sibanye’s total issued share capital.
(Tue, 25 Apr 2017 16:35:00 +0200)
Anglo commits to innovative mining that’ll keep people out of harm’s way
Keeping people out of harm’s way, extracting more precious ore and less waste rock, recycling all the required water and producing only dry tailings are among the innovative steps diversified mining company Anglo American is firmly committed to taking. “The real future of mining lies in turning conventional thinking on its head. That’s our approach,” Anglo American CEO Mark Cutifani told shareholders unequivocally at the company’s annual general meeting in London, at which Anglo chairperson Sir John Parker gave the categorical assurance that the company is committed to the innovative use of technology to improve safety and productivity and reduce its environmental footprint.
(Tue, 25 Apr 2017 15:29:00 +0200)
Six new prospecting licences awarded to Botswana Diamonds
London Aim-listed Botswana Diamonds on Tuesday announced that its joint venture (JV) with the large Russian diamond company, Alrosa, had been awarded of six new prospecting licences in Botswana. Four are in the Central Kalahari Game Reserve (CKGR) and two are in the Orapa kimberlite province and extend to the end of March 2020. Those in the CKGR cover 3 135 km 2 and those in the Orapa area cover 482 km 2, localities selected after a review of historical data.
(Tue, 25 Apr 2017 11:05:00 +0200)
Debswana Diamond Company starts processing Cut 8 ore
Botswana's Debswana Diamond Company has started processing ore from the $3-billion expansion of its Jwaneng diamond mine, popularly known as Cut 8, the company said on Tuesday. The Cut 8 project, which Debswana started in 2010, is meant to uncover 100-million carats of diamonds and extend the life of the world's richest diamond mine to 2024.
(Tue, 25 Apr 2017 15:11:00 +0200)
Riots hit major bauxite mining hub in Guinea
Riots have paralysed a major bauxite mining hub in Guinea, Africa's top producer, as residents erected barricades and burned tyres to protest against high pollution levels and power cuts, government and company officials said on Tuesday. The unrest broke out on Monday night in the city of Boke, home to mining companies Societe Miniere de Boke (SMB) and Companie Bauxite de Guinee (CBG) which each export around 15 million tonnes of the aluminium ore annually.
(Wed, 26 Apr 2017 09:38:00 +0200)
Jan Nelson heading up copper explorer
Former Xtract Resources and Pan African Resources CEO Jan Nelson has joined Handa Copper – a TSX-V-listed company focusing on prospects in Africa – as CEO. Nelson, who quit as Aim-listed Xtract CEO in September last year, will head up the exploration company’s new management team, which will be based in Johannesburg.
(Mon, 24 Apr 2017 16:27:00 +0200)
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