2016-02-12Kimberley Diamonds Limited, through its Botswana subsidiary, Lerala Diamonds Mines Limited, entered into a contract for the open pit mining operations due to commence next month.The mining contract was awarded to Basil Read Botswana (Pty) Limited (Basil Read) following a two-stage competitive tender process.&..2016-02-11Rio Tinto Plc released its 2015 full year results and reported underlying earnings of $4.5 billion.Revenues and earnings- Consolidated sales revenues of $34.8 billion, $12.8 billion lower than last year, reflecting a$13.1 billion reduction from the sharp decline in commodity ..2016-02-09Randgold Resources Limited’s Chief Executive Officer, Mark Bristow, described 2015 as one of the best years in the company's history.Production and costs were in line with the company's annual guidance, with production setting a new record of more than 1.2 million ounces, up 6% on the previous year, and group total cash c..2016-02-09Intrepid Mines Limited released the final results from the 2015 phase 9 drilling programme at its Mumbwa project located in Zambia.Assays from drilling on target H have delivered further encouraging results. Best results include 38.5 metres at 1.58% copper from 8.5 metres including 17.5 metres at 2.03% copper and 0.01 g/t gold from..2016-02-09Strandline Resources Limited’s Tajiri prospect, located in Tanzania, has delivered high grade results.The Company drilled high grade heavy mineral sands over a 20km strike length. Detailed drilling at Tajiri and Tajiri North have outlined two coherent deposits, both 2-3km several hundred metres wide and 5 to 25 metres thick.2016-02-09Aquarius Platinum Limited released its HI FY15 results for the period ended 31 December 2015.Revenue (PGM sales, interest) for the half year of $78 million was down 31% compared to the pcp. The lower revenue reflects the difficult PGM metals price with Dollar prices dropping to average $825 compared to $1,165 in the pcp, a 29% decr..2016-02-09Kumba Iron Ore Limited released its audited preliminary summarised annual results for the year ended 31 December 2015.KEY FEATURES- No loss of life in 2015- 42% drop in average iron ore price to US$56/t severely impacted ear..2016-02-08Pan African Resources Plc released an updated trading statement for the six months ended 31 December 2015.Pan African advises shareholders that the Group EPS and HEPS for the currentinterim reporting period denominated in GBP are expected to be between:&l..2016-02-08Anglo American Platinum Limited released its summarised consolidated audited financial results for the year ended 31 December 2015.KEY FEATURES:Lost-time injury-frequency rate (LTIFR) per 200,000 hours worked(2014: 0.69)0.98
2016-02-08Edenville Energy Plc released an update on the progress made on ts Rukwa Coal-to-Power project in Tanzania.The Company met with Tanzania Electric Supply Company Ltd ("Tanesco") during January 2016. During these meetings, Tanesco presented a draft formal framework ("Framework Agreement") for progressing..2016-02-08Kibo Mining Plc has successfully completed the Integrated Bankable Feasibility Study of the Phase 1 of the Mbeya Coal to Power Project located in Tanzania.Key highlights- Successful int..2016-02-03Bounty Oil & Gas NL released an update on its Kiliwani North Gas project located in Tanzania.The Kiliwani North-1 well is currently undergoing final well integrity testing prior to first production. This follows the signing of a Gas Sales Agreement (“GSA”) in early January 2016.
<..2016-02-03KEFI Minerals has selected its preferred senior secured lenders for its Tulu Kapi gold project located in Ethiopia.The Lenders, a leading African Mining Bank and a leading African Development Bank, have indicated their non-binding terms for the project finance for Tulu Kapi, which include the following key features:2016-02-02Further to the trading statement released on SENS on 6 November 2015, Kumba Iron Ore Limited reported that it expects a decrease in Headline Earnings per Share and Basic Earnings per Share for the year ended 31 December 2015.The Company indicated that Headline Earnings per Share (“HEPS”) and Basic Earnings per S..2016-02-01Merafe Resources Limited, a South African-based ferrochrome exploration and development company, released its production report and trading statement for the year ended 31 December 2015.Merafe Resources expects Basic earnings per Share to be between 13 cents and 15 cents, an increase when compared to 8.6 cents recorded for the year..2016-02-01Aquarius Platinum Limited has released its production results for the second quarter ended 31 December 2015.Highlights:- Attributable production from operating mines up 0.5% compared to previous corresponding period, quarter ended Decemb..2016-01-26Anglo American Plc announced the value of rough diamond sales (Global Sightholder Sales and Auction Sales) for De Beers’ first sales cycle of 2016.Rough diamond sales during the first cycle of the year improved significantly to $540 million, compared with the $248 million value of the final sales cycle of 2015.2016-01-25Anglo American Platinum Limited, the SA-based platinum group metals producer, has released an updated trading statement for the year ended 31 December 2015.Anglo American advised its shareholders that Headline Earnings and Headline Earnings per Share were anticipated to be 20% lower when compared to the previous period en..2016-01-22Nyota Minerals Limited announced that the Company has completed a placing of 375,000,000 new ordinary shares to various institutional investor clients of Smaller Company Capital Limited at an issue price of £0.0005 (0.05 pence) to raise £187,500 (approximately A$387,400) before expenses. Smaller Company Capital Ltd acted as sole broker to the Placing.<..2016-01-15The Board of Directors of Sentula hereby advises shareholders that Sentula has appointed Questco Proprietary Limited as sponsor to the Company, with effect from 17 January 2016.Questco replaces Merchantec Capital, whose appointment has, by mutual consent, been terminated.2016-01-15Gold Fields Limited announced the appointment of Steven Reid as an Independent Non-Executive Director to the Board of Directors of the Company with effect from 1 February 2016.Reid has served as a director of Silver Standard Resources Inc since January 2013 and a director of Eldorado Gold Corporation since May 2013. He has over 35 ..2016-01-15Rockwell Diamonds Incorporated released its unaudited interim consolidated financial statements for the three month period ended 30 November 2015.Highlights:- Rockwell achieved 715,015 lost time injury free hours (“LTIFH”) at its MOR operations as ..2016-01-13Coal of Africa Limited advised that the Integrated Water Use License (IWUL) for its Vele Colliery in the Limpopo Province has been renewed for a further twenty years. In March 2011, Vele’s original IWUL was granted for a period of five years.Furthermore, the IWUL has been amended in line with the requirements for the Plant Modifica..2016-01-11Bauba Platinum Limited during the last quarter of 2015 saw the market price of chrome-ore experience severe pressure with the price dropping from $175 to $120 per tonne.The adverse changes in the chrome-ore market, specifically those pertaining to price, have resulted in the Company’s chrome project becoming financially u..2015-12-23Keaton Energy Holdings Limited has released a cautionary announcement to shareholders released on SENS on 29 September 2015 and 9 November 2015 relating to the proposed offer received to acquire the entire issued share capital and claims against Leeuw Mining and Exploration Proprietary Limited and Amalahle Exploration Proprietary Limited ("AEP") (collectively "the KZN Ass..2015-12-21Randgold Resources Limited will not proceed with Obuasi Joint Venture; Obuasi to continue with its Limited Operating Phase at a lower cost.Randgold Resources Limited has informed AngloGold Ashanti that it wishes to terminate the conditional Investment Agreement concluded in September 2015, for a joint venture to redevelop..2015-12-18DiamondCorp Plc reported that production ramp up has commenced from the Upper K4 Block (“UK4”) at the Lace mine, in the Free State Province of South Africa.The first UK4 production is coming from the 310m level, where the slot is being opened up to the drive vertically above it on the 290m level. Once the slot is mined by the end o..2015-12-15Buffalo Coal Corporation has announced that further to its press releases dated May 21, 2015, September 10, 2015, November 11, 2015 and December 3, 2015.12.15The common shares of the Company will commence trading on the TSX Venture Exchange effective as of the open of trading on December 18, 2015 under its existing stock symbol, “B..2015-12-11African Rainbow Minerals limited’s headline earnings for the six months ended 31 December 2015 are currently anticipated to be at least 20% (R205 million) less than those for the same period in the previous financial year.Headline earnings per share are anticipated to be at least 20% (95 cents) less than those for the same period i..2015-12-11Petra Diamonds Limited has released results of its second tender for H1 FY16.-Petra has recently closed its second tender of H1 FY 2016 (1 July to 31 December 2015), with 606,080 carats sold yielding US$86.2 million in revenues, including the sale of the 23.16 carat pink stone from Williamson for US$10.05 million, as repo..2015-12-11Glencore Plc has released an update regarding the progress made against the debt reduction initiatives.Highlights:Positive free cash flow:-More than $2 billion of free cash flow at spot prices; Glencore will rem..2015-12-09Tharisa Plc released its condensed financial results for the year ended 30 September 2015.Highlights:PGM production (6E) up 50.9% 118.0 koz (2014: 78.2 koz)chrome concentrate product..2015-12-09Jubilee Platinum Plc has announced the third and final tranche payment to conclude the acquisition of the beneficial interest in the DCM platinum project.Highlights:-100% beneficial interest in the DCM Platinum Project concluded-35 000 tons per month process..2015-12-08StratMin Global Resources Plc has announced the achievement of operational level breakeven and a comprehensive update on progress achieved since appointment of its new CEO, Brett Boynton, and entering into a strategic partnership with Tirupati Carbons & Chemicals (P) Limited.Production output over the ..2015-12-07Wescoal Holdings Limited has referred shareholders to the circular dated 17 November 2015 containing details of the combined claw-back and rights offer to Shareholders of a maximum of 49 041 904 new Wescoal shares (“Combined claw-back and rights offer shares”) at an issue price of 132 cents each (the “Combined claw-back and rights offer”).
2015-12-07Coal of Africa Limited has announced that, following the announcement on 26 November 2015 regarding the recommended offer to be made for Universal Coal Plc, it has entered into a subscription agreement with M&G Investment Management Limited ("M&G"), pursuant to which M&G has agreed to subscribe for new Coal shares for an aggregate subscription amount of..2015-12-03Petra Diamonds Limited announced the acquisition of an interest in the Kimberley Mines in South Africa from De Beers Consolidated Mines Proprietary Limited in a consortium with Ekapa Mining (Pty) Limited ("Ekapa Mining"), an established Kimberley-based diamond tailings producer.Highlights:<..2015-12-03Edenville Energy Plc announced the completion of a placing of 625,000,000 new ordinary shares of 0.02p each in the capital of the Company at 0.04 pence per New Ordinary Share.The funds from the Placing will bring new money into the Company and will be used to advance work on the power plant engineering tasks with Runh Power, along ..2015-12-03DiamondCorp Plc announced the proposed placing of new ordinary shares of 0.1 pence each in the Company in order to raise gross proceeds of up to £4 million (the “Placing”). The Placing is being conducted through a bookbuilding process which will be launched immediately following this announcement and will be made to new and existing eligible institutional and other investors.2015-12-02Sable Metals & Mineral Limited has released its trading update for the period ended 31 August 2015.Sable advises shareholders that the loss and headline loss are expected to be between 1.50 and 2.10 cents per share compared to a loss and headline loss of 4.43 cents per share for the comparable period equating to a..2015-12-01Anglo American Plc has announced the appointment of Didier Charreton as Group Director – Human Resources and as a member of the Group Management Committee, effective 1 December 2015 and based in the UK.Didier has held a number of senior global HR roles across his more than 25-year career, most recently as the Chief Human ..2015-11-19Gold Fields Limited released its quarterly results for the period ended September 2015.Highlights:$948 per ounce All-in-sustaining costs$961 per ounce All-in-costs2015-11-19Petmin Limited has released its operational update for the quarter ended 30 September 2015.Production of metallurgical anthracite for the quarter increased by 4% to 352 179 tonnes (2014: 340 010 tonnes). Sales volumes increased by 29% to 355 201 tonnes (2014: 276 396 tonnes) as demand for Somkhele anthracite products rema..2015-11-16SacOil Holdings Limited, through its subsidiary Mena International Petroleum Company Limited, commenced with drilling of the Lagia 11 well on 13 November 2015, at its 100% owned Lagia oil field in Sinai, onshore Egypt.The drilling forms part of the Phase 2 field development operations.
<..2015-11-12Sentula Mining Limited has released its trading statement for the six months ended 30 September 2015.A review of the financial results for the period by management has indicated that the basic loss per share (“LPS”) is expected to be between 5.32 cents and 5.99 cents, reflecting a decrease in the loss of between 60.0% and..2015-11-11Exxaro Resources Limited has released its trading update for the year ended 31 December 2015 and will release its reviewed annual financial results for the year ending 31 December 2015 on 3 March 2016.The group’s net operating loss reported for the year ended 31 December 2014 is expected to improve by at least R658 million (20%) fo..2015-11-11Impala Platinum Holdings Limited has announced the resignation of Brett Nagle as a Non-Executive Director of the Board of Directors of the Company with immediate effect.The Board expresses its appreciation to Nagle for his contribution during his tenure and wishes him well in his future endeavours.&..2015-11-11Gem Diamonds Limited has released its trading operational and sales performance update for the period ended 30 September 2015.Letšeng:Prices firm, costs down and production up-Revised 2015 pro..2015-11-11SacOil Holdings Limited has released a trading statement for the six month period ended 31 August 2015.As previously reported, the Group has embarked on a turnaround strategy driven by the rationalisation and balancing of the Group’s existing portfolio of assets to reposition the Group. The impact of these activities on t..2015-11-10Jubilee Platinum Plc commences with construction of its surface platinum project.Highlights:- Jubilee has commenced with construction of the processing facility for its Platinum Processing Project- &..2015-11-02Lonmin Plc announced its production results for the 3 and 12 months to 30 September 2015.This follows Lonmin’s year-end trading update, business plan and funding strategy released on 21 October 2015.As announced on 21 October 2015, Lonmin is taking decisive action to..2015-10-30Impala Platinum Holdings Limited has released its production report for the first quarter ended 30 September 2015.Safe production remains our principle priority and is a key component in delivering on the Group’s strategic objectives. Regrettably, an employee passed away in a fall-of-ground incident at the jointly-managed..2015-10-29Resource Generation Limited has released a quarterly report update for the three month period ended 30 September 2015.Negotiations continued during the quarter with various parties to provide project finance for the construction of the Boikarabelo mine.One of these p..2015-10-26Oando Plc released its results for the six months ended 30 June 2015.Financial Highlights:- Turnover decreased by 7%, N180 billion compared to N194.6 billion (H1 2014)- &am..2015-10-21Wescoal Holdings Limited released its unaudited condensed consolidated interim results for the six month period ended 30 September 2015.- Elandspruit mine operational and proven expected production capacity and quality as anticipated.- Trading division’ operating EBITDA at R28,..2015-10-21Lonmin Plc has released a trading update for the year ended 30 September 2015.On an unaudited basis, Lonmin's sales of platinum exceeded its guidance for the year ended 30 September 2015, achieving sales of 751,560 platinum ounces compared to forecast guidance of 730,000 platinum ounces.2015-10-21Base Resources Limited released a quarterly operational update at its Kwale Mineral Sands Operations located in Kenya, East Africa.With the consistent achievement of design availabilities and throughputs in both the wet concentrator plant (“WCP”) and mineral separation plant (“MSP”) and recoveries in the WCP, the focus r..2015-10-20Northam Platinum Limited has concluded a three year wage agreement between mining contractor, Murray and Roberts Cementation and its representative unions, the Association of Mineworkers and Construction Union, the National Union of Mineworkers and Solidarity across MRC operations.This agreement will consequently be appli..2015-10-19Royal Bafokeng Platinum Limited has released its quarterly review and production report for the period ended 30 September 2015.Key features- Tragically one scraper winch related fatal accident ..2015-10-16Rockwell Diamonds Incorporated has released its financial results for the three month period ended 31 August 2015.Highlights:- Rockwell continued to make progress with its promised restructuring..2015-10-15Keaton Energy Holdings Limited has released its first half production update for the half year ended 30 September 2015.Vanggatfontein reported a LTIFR of 0.38 (H1 FY2015: 0.04) and Vaalkrantz a LTIFR of 0.17 (H1 FY2015:0.12). Safety remains a management focus area and Keaton Energy continues to strive for a zero harm envi..2015-10-14Pan African Resources Plc has concluded wage negotiations at its gold mining operations and entered into multi-year agreements with the unions representing employees.Barberton Mines has concluded a two-year agreement with the National Union of Mineworkers and the United Association of South Africa ("UASA") on wa..2015-10-14Kibo Mining Plc has significantly improved financials for the Mbeya Coal to Power Project's ("MCPP") coal mine component.The Company and its advisers Minxcon Projects have now completed a financial optimization study for the MCPP coal mine, based on feasibility results received to date.2015-10-09Tharisa Plc released its production report for the three month period ended 30 September 2015.Optimal waste and inter-burden removal was a key focus area in this quarter to ensure that sufficient reef in the required blend was available for processing. This focus, together with the re-opening of the West Pit, contributed ..2015-10-08Botswana Diamonds Plc released an update on their joint venture drilling programme on license PL 210 in the Orapa region of Botswana.A three hole drilling programme has been completed. The programme targeted an anomaly discovered by Alrosa using their Transient Electromagnetic Method (TEM) reinforced by soil sampling which had earl..2015-10-08Centamin has released its preliminary production results for the quarter ended 30 September 2015 from its Sukari Gold Mine in Egypt.Preliminary total gold production for the quarter was 105 413 ounces, a 13% increase on Q3 2014 and in line with production in the second quarter 2015. Full year production guidance of betwee..2015-10-07Giyani Gold Corporation released its interim financial statements for the six months ended 30 June 2015.The Company had a net loss of $1,431,089 for the six months ending June 30, 2015, compared to a loss of $1,667,150 for the previous period.Corporate, general and administrat..2015-10-06Mozambi Resources Limited has announced that a Reverse Circulation drilling rig has been mobilised to site and drilling has now commenced at Chiwata prospect located in Tanzania.Drilling will be targeting large and jumbo flake graphite confirmed in ground assays on the 13th of August 2015. The Company planned a 1 800m RC drilling p..2015-10-06Bounty Oil and Gas NL has announced that that the Tanzania Petroleum Development Corporation has notified Aminex Plc, the joint venture operator, of its intention to a 5% working interest in the Kiliwani North Development License and will become a full working interest partner going forward.Under the terms of the Nyuni Ea..2015-10-05Erin Energy Corporation has released an Operational Updates regarding oil discovered in place of approximately 500 MMbbls offshore Ghana.The Company announced that the resource volume assessment of the three previously discovered fields (Tano North, Tano West, and Tano South) has been completed in the Expanded S..2015-10-05Jubilee Platinum Plc announced that on 30 September 2015 it formally transferred ownership and related risk and benefit in 100% of the issued shares in Jubilee Smelting and Refining Proprietary Limited, the owner of the Middelburg Smelter and 70% of the issued shares in Power Alt Proprietary Limited, the owner of the Power Plant for a combined consideration of R 110.5 million.2015-10-02Harmony Gold Mining Company Limited has reached a three year wage agreement with the National Union of Mineworkers, UASA and Solidarity, effective from 1 July 2015. Increases range from 6% for miners, artisans and officials to 10.4% for category 4 employees.The new increase will ensure that all category 4 to 8 employees and B-lower..2015-10-01Black Rock Mining Limited has announced highly encouraging results from the next two drill holes at the Cascade prospect at the Mahenge project located in Tanzania.These results reiterate that Cascade has the potential to be both larger in size and higher in grade than the recently drilled Epanko north prospect. Drilling ..2015-10-01Mozambi Resources Limited has announced that results from the ground electromagnetic (EM)survey at Chiwata confirm conductive targets along strike from the known graphite mineralisation.Results of the survey will be used to help target the holes in an upcoming drilling programme. Survey results indicate that graphite mine..2015-10-01Ferrum Crescent Limited has released its final results for the year ended 30 June 2015.Highlights- Drilling campaign completed to investigate the extent of Zone D at Moonlight Deposit andprovide informati..2015-09-28Goldplat Plc has released its preliminary results for the year ended 30 June 2015.Overview• Focused on growth of market-leading gold recovery operations in South Africa and Ghana, with additional ups..2015-09-23Goldplat Plc has announced further progress on capital projects aimed at improving the production and efficiency of its gold recovery operations in South Africa, Goldplat Recovery (Pty) Limited and an update at its Kilimapesa gold mine located in Kenya.Goldplat Recovery capital projects<..2015-09-23Edenville Energy Plc has released an update concerning its Mining License Application for the Rukwa coal project and recent discussions with potential EPC (Engineering, Procurement and Construction) partners in Tanzania.The submission of the Mining Licence Application to the Tanzanian Ministry of Energy and Minerals (MEM..2015-09-23Vast Resources Plc has commenced with production at its 584 hectare Pickstone-Peerless gold mine in Zimbabwe, with its first gold smelt producing 8.5 kilogram of gold bullion, which will be delivered to the Fidelity refinery in Harare.This milestone follows the maiden sale of approximately 450 tonnes of copper concentrat..2015-09-22Coal Of Africa Limited has successfully completed the shareholder approved share placement to Yishun Brightrise Investment PTE Limited.The 183 231 261 ordinary shares were issued to Yishun, at 5.15 pence per share, in terms of the subscription agreement entered into between the Company and Yishun in relation thereto and raised £9 4..2015-09-22Syrah Resources Limited has released an update regarding its development activities at the Balama project located in Mozambique.During September 2015, the Company successfully completed a fully underwritten AUD211 million capital raising to advance the development of the Balama project. A Feasibility Study compl..2015-09-18
Petra Diamonds Limited has released its preliminary results for the year ended 30 June 2015.Financial Highlights2015-09-18The Waterberg Coal Company Limited has requested an extension to its current voluntary suspension in the trading of its securities due to expire on 21 September 2015.On 17 September 2015, The Waterberg Coal Company Limited has entered into a non-binding term sheet with Sibanye Gold Limited. Whereby, in..2015-09-17Kibaran Resources Limited has announced that the completion of the Company’s updated production growth strategy for its flagship projects in Tanzania in East Africa has resulted in a significant increase in potential graphite concentrate tonnages per annum.The new work has confirmed that Kibaran Resources’ Epanko and Mere..2015-09-17FAR Limited and its Senegal joint venture partners have begun a new 3D seismic survey over its Sangomar Deep, Sangomar and Rufisque permits, offshore Senegal.The Polarcus Adira 3D seismic vessel will acquire data in the north and east parts of the permits along trend from existing mapped prospects where there is currentl..2015-09-17Atlatsa Resources Corporation has advised that, together with its joint venture partner, Anglo American Platinum Limited, has determined to implement a restructure plan at Bokoni Platinum Mine Proprietary Limited, located in South Africa.The Bokoni Mine remains in development with its key Middelpunt Hill UG2 and Brakfontein Merensk..2015-09-16Eastern Platinum Limited has announced that the Competition Authorities of South Africa has granted unconditional approval for the transaction whereby Hebei Zhongbo Platinum Co. Limited will acquire the Company’s entire platinum group metals (“PGM”) business and all investments and loan agreements that Eastern Platinum has with its subsidiary companies.
&..2015-09-16Pan African Resources Plc has released its provisional audited results for the year ended 30 June 2015.
&..2015-09-16Paragon Diamonds Limited has announced the results of two independent studies carried out by The MSA Group on the Mothae Kimberlite Project located in Lesotho, that Paragon is in the process of acquiring.The conclusions exceed management’s initial expectations, as detailed in the announcement of 5 May 2015, that Mothae represents a..2015-09-16Gem Diamonds Limited has announced the sale of an exceptional 357carat white diamond (recovered at the Letšeng mine in July 2015) which achieved $ 19.3 million on tender in Antwerp.Chief Executive Officer Gem Diamonds, Clifford Elphick, commented, "The Letšeng mine has produced two remarkable +300 carat diamonds during the yea..2015-09-15Central Rand Gold has released its unaudited condensed consolidated Interim Results for the six month period ended 30 June 2015.The loss before interest, tax and depreciation for the period under review amounted to US$0.7m, which is a significant improvement on prior year period operational loss of US$2.6m.2015-09-14Delrand Resources Limited has announced that further to its 19 August 2015 press release, its common shares will begin trading on NEX, a separate board of the TSX Venture Exchange on 14 September 2015.As previously announced, the voluntary delisting of the Company’s common shares from the Toronto Stock Exchange will be ef..2015-09-14Botswana Diamonds Plc has released an exploration update regarding its activities in Botswana.A 7-person Russian team of geologists and mineralogists has arrived in Botswana and work is now underway on Prospecting Licenses PL206, PL 085 and PL210.On PL 206, heavy co..2015-09-11Buffalo Coal Corporation announced that further to its press release dated 22 May 2015, has applied for a voluntary delisting of its common shares on the Toronto Stock Exchange and expects to submit an application for the listing and posting of the Common Shares on the TSX Venture Exchange (TSXV).The Company believes that listing t..2015-09-10ArcelorMittal South Africa Limited has announced the appointment of Neville Nicolau as an Independent Non-Executive Director of the Board with affect from 10 September 2015 and the appointment of Lungile Cele as an Independent Non-Executive Director of the Board with effect from 04 January 2016.Nicolau holds a BTech in Mi..2015-09-09Glencore Plc has commenced with a review of the business, operations and expenses of its 74.4% owned subsidiary, Katanga Mining Limited, as well as its Mopani copper mines.These reviews are underway due to the current challenging environment for commodities.The Company reporte..2015-09-08Magnis Resources Limited has been granted a Special Mining License by the Ministry of Energy and Minerals of Tanzania for the Nachu graphite project.The license approval will enable the Company to finalise funding arrangements for further project developments. The Company reported that the license was granted to..2015-09-08Petmin Limited has announced that Lebo Mogotsi, current Executive Deputy Chairperson, will serve as the Non-Executive Deputy Chairperson with effect from the Company’s 2015 Annual General Meeting.Subsequent the conclusion of the Annual General Meeting, Mogotsi will no longer serve as an executive member of the Company. Furthermore,..2015-09-08Gemfields Plc has released results from its auction of higher quality rough emerald extracted by its 75% owned subsidiary, Kagem Mining Limited as well as higher quality amethyst extracted from Kariba Minerals Limited, a 50% owned subsidiary, both operations are located in ZambiaThe Company reported that the em..2015-09-08West African Resources Limited has released results from its first-pass shallow oxide Reverse Circulation drilling conducted at the M3 prospect, in the Tanlouka gold project, located in Burkina Faso.Drilling confirmed shallow high-grade oxide mineralisation of 32 metres at 5.02 g/t gold including 13 metres at 7 g/t gold f..2015-09-07The Waterberg Coal Company Limited has requested an extension to its voluntary suspension in the trading of its securities due to expire on 7 September 2015.The Company is currently seeking for an extension in order to finalise a proposed third party funding arrangement to replace its existing funding facility with Standard Bank of..2015-09-04Predictive Discovery Limited has released an update on its activities in West Africa.The Company reported that an exploration target near the Bongou gold deposit in Burkina Faso has been calculated on drilled prospects demonstrating a range of approximately 9.4 to 10.4 million tonnes averaging between 1.5 to 1.7 g/t gold ..2015-09-03ArcelorMittal South Africa Limited is currently engaging with its stakeholders, Government and organised labour to review its Vereeniging works, in South Africa.The Company continues to engage in discussions around whether to mothball some of the plants and place others under care and maintenance.&l..2015-09-03Shanta Gold Limited has released its interim results for the six month period ended 30 June 2015.Strip ratios and future mining costs relating to the Bauhinia Creek and Luika pits, located in Tanzania, have been significantly reduced due the redesigning and re-optimising of the pits. The redevelopment of the pits had reduced ore pr..2015-09-03African Potash Limited has entered into a Memorandum of Understanding with a Malawian fertiliser company to supply over 50 000 tonnes of fertiliser.The agreement follows the announcement of the landmark trading agreement with the Common Market for Eastern and Southern Africa (COMESA ACTESA) and the Mask Africa Crowd Farm Fund Limit..2015-09-03Atlatsa Resources Corporation remains unsure of when its interim financial results for the three and six months ended 30 June 2015 will be released due to the uncertainties surrounding its operations, financial condition and the state of commodity markets.The Company remains in discussions with Anglo American Platinum Limited surro..2015-09-03Lonmin Plc has released an update on the steps taken to reduce the company’s cost base and underpin its ability to remain sustainable with the depressed platinum price.To date 1 400 employees have left the Company and Lonmin’s cash costs as at 31 July 2015 were R10 499 per ounce of platinum group metals, below the cost guidance of ..2015-09-03Sable Mining Africa has advised shareholders that it has completed the Delta Mining Consolidated Limited transaction as well as an additional sale of a non-core asset in Liberia.As previously announced, Sable Mining Africa has sold its 63.5% stake in Delta Mining Consolidated Limited to Anglo African Capital Limited for a cash cons..2015-09-01Sovereign Metals Limited has released Scoping Study results for its Duwi flake graphite project in Malawi.The study considered two production scenarios, the first one is the 1.5 million tonne per annum base case and the second one is the 0.55 million tonne per annum low tonnage case.2015-09-01Magnum Mining and Exploration Limited has entered into a sale and purchase agreement with African Tantalum (Pty) Limited regarding its remaining 40% interest in the Tantalite Valley project located in Namibia.Magnum Mining and Exploration, under the terms of the sale and purchase agreement will sell the 40% shareholding f..2015-09-01Malawi Ministry of Natural Resources, Energy and Mining has concluded an agreement with Globe Metals and Mining Limited, to provide exploration and mining access rights to the Katengeza graphite prospect.The Company reported that the Malawi Ministry of Natural Resources, Energy and Mining removed a significant section of..2015-08-27Premier African Minerals Limited has released an update on its 49% owned RHA tungsten project located in Zimbabwe.The RHA process plant modifications, designed to improve on efficiency of the crushing circuits were installed and operational benefits of the plant have been confirmed. The plant’s through-put has improved significantl..2015-08-26On 27 February 2015, West African Minerals Corporation announced the implementation of a new stream-lined budget for 2015 to reduced expenditure, including the proposal to relinquish its licenses in Sierra Leone, which would reduce costs to $50 000 in the 2015 budget.The Company sold its entire interest in the share capital of its ..2015-08-26Avocet Mining Plc released its unaudited interim results for the six month period ended 30 June 2015.Gold production was 11% lower, at 39 859 ounces, for H1 FY15 compared to gold production of 44 798 ounces recorded for H1 FY14, reflecting complex ore body and knock-on effects of the strike at the Inata gold mine located ..2015-08-25West African Resources Limited has released its results from the shallow oxide Reverse Circulation drilling at its Mankarga 1 prospect at the Tanlouka permit located in Burkina Faso.Results from the drilling programme confirmed shallow oxide mineralisation at Mankarga 1 prospect.
- The group headline earnings in ZAR terms was R213.6 million (2014: R452.0 million) and in GBP terms was GBP11.9 million (2014: GBP26.8 million).
..2015-08-24Waterberg Coal Company Limited requested an extension to its current voluntary suspension in the trading of its securities on the ASX which expired on Monday 24 August 2015 prior to commencement of trade.The Company is seeking the extension to the voluntary suspension to allow time to finalise a proposed third party funding arrange..2015-08-24Tlou Energy Limited has successfully completed the drilling of the first two new lateral production wells at the Selemo project in Botswana.The Company is investigating a dual listing on the AIM market of the London Stock Exchange. A final decision in regards to the listing process will be made in the next few months.<..2015-08-21Northam Platinum Limited has released its preliminary results for the year ended 30 June 2015.During the year, the Company secured the R606 billion Black Economic Empowerment equity transaction with Zambezi Platinum Limited for a 10 year period.Northam Plat..2015-08-20Gem Diamonds Limited has released its half year results for the six months ended 30 June 2015.Revenue in H1 FY15 was reported to be $118.0 million, down from the $148.9 million reported for H1 FY14. Underlying EBITDA had decreased from $63.5 million as reported for H1 FY14 to $46.1 million for H1 FY15.