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Central banks add 193 t of gold to reserves in H1 Central banks add 193 t of gold to reserves in H1
Published: 20 Sep 18
Central banks have added 193.3 t of gold to their reserves in the first six months of this year, which is an 8% increase compared with the 178.6 t bought in the same period last year, making it the strongest first half for central bank gold buying since 2015. The World Gold Council (WGC) states that gold is an important part of central banks’ foreign exchange reserves.
Minergy lauds Botswana regulatory authorities Minergy lauds Botswana regulatory authorities
Published: 20 Sep 18
Minergy CEO Andre Bojé is full of praise for Botswana’s regulatory authorities, who he says use legislation to assist mining investment. Minergy, which is listed on the Botswana Stock Exchange, has begun work on its maiden 390-million-tonne Masama, located in the Mmamabula coalfield, 50 km north of the capital city Gabarone.
BHP seeks approval for $50m US pact over fatal Brazil dam burst
Published: 20 Sep 18
BHP Billiton has asked a US judge to approve a $50-million settlement of claims that it fraudulently inflated its share price by overstating its ability to manage safety risks before a fatal 2015 dam burst at a Brazilian mine. The Anglo-Australian mining company's preliminary settlement of class-action litigation led by two Alabama pension plans was filed on Wednesday night with the US District Court in Manhattan.
Kareevlei output rises 81% y/y in H1
Published: 20 Sep 18
Diamond mining company BlueRock Diamonds has achieved an 81% increase year-on-year increase in production at its Kareevlei diamond mine, in the Kimberley region, to 73 028 t for the six months ended June 30. This represents an active period for the company, culminating in the restabilisation of production, which is now approaching 1 500 t/d.
Cabinet’s approval of new Mining Charter a ‘positive’ step – law firm Cabinet’s approval of new Mining Charter a ‘positive’ step – law firm
Published: 20 Sep 18
Multinational law firm Herbert Smith Freehills on Thursday welcomed Cabinet’s approval of the new Mining Charter, as well as of the withdrawal of the Mineral and Petroleum Resources Development Act (MPRDA) Amendment Bill, as proposed by Mineral Resources Minister Gwede Mantashe earlier this month. Herbert Smith Freehills director Patrick Leyden said both approvals are positive and a clear indication of the Minister’s mandate to act quickly and decisively to resurrect South Africa’s ailing mining sector.
Gold wage talks deadlock again between Sibanye and AMCU
Published: 20 Sep 18
Wage negotiations between the Association of Mineworkers and Construction Union (AMCU) and Sibanye-Stillwater reached a deadlock once again on Thursday. "No agreement has been reached and wage talks continue," AMCU said in a terse statement.
Toro appoints new CFO
Published: 20 Sep 18
West Africa-focused Toro Gold has appointed Martin Page CFO, effective October 8. This follows the retirement of former CFO Gary Townsend, who remains available to the company on a reduced hours basis to provide continuity and support over the next 12 months.
Life After Coal continues fight against coal-fired IPP projects
Published: 20 Sep 18
The Life After Coal Campaign contends that two proposed independent power producer (IPP) coal-fired power stations will never be built. The organisation is opposed to the construction of the proposed 557 MW Thabametsi project, near Lephalale, in Limpopo, and the proposed 306 MW Khanyisa project near eMalahleni, in Mpumalanga.
Serabi fills new COO position with Brazilian national
Published: 20 Sep 18
Brazil-focused gold mining and development company Serabi on Thursday announced the appointment of Roney Almeida to the newly established position of COO. Almeida, a Brazilian national and resident in Belo Horizonte, will report to Serabi CEO Mike Hodgson.
Deep sea robots reveal mineral riches in the abyss Deep sea robots reveal mineral riches in the abyss
Published: 20 Sep 18
From the safety of their research vessel, scientists are exploring one of Earth's last frontiers - the sea floor - to discover more about valuable minerals vital in the manufacture of smartphones. The scientists, from the University of Bergen in Norway, are sending robots 2 500 m down into the waters between Norway and Greenland, to try to understand the environments potentially rich with rare earth minerals.
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