News

Australian company Celsius Resources intends to raise A$3.9-million to advance its Opuwo cobalt project. “This capital raising allows the company to be fully funded for the rapid advancement of the exciting Opuwo cobalt project over the next 12 months,” said Celsius Managing Durector Brendan Borg. The company has completed a …

The amphibious, multipurpose Watermaster dredger is gaining growing interest from the Southern African mining industry. “Because of the interest from the African mining industry in the Watermaster, we expect to expand further on the continent as this market develops,” says Vuokko Laurila, Regional Manager for Watermaster in Southern Africa. Watermaster …

Bell Equipment has signed an agreement with global excavator specialist – Kobelco Construction Machinery Co. Ltd (Kobelco), for exclusive distribution and support of the company’s excavators in the Southern African region. Stephen Jones, Bell Equipment Group Marketing Director said the partnership should provide both companies with the stability needed to …

Bell Equipment has announced intentions to enter Southern Africa’s tipper truck market through a partnership with KAMAZ, a Russian-based company. Synonymous with providing purpose designed trucks to the harshest applications, KAMAZ’s consistent strong performance in the challenging Dakar Rally is to spur, the company’s portfolio expansion. “After a long period …

De Beers’ rough diamond production for quarter three of 2017 increased 46 per cent to 9.2 million carats in line with the higher production forecast for 2017. According to the company, the development reflects stable trading conditions as well as the contribution from the ramp-up of Gahcho Kué in Canada. …

Government has granted Bannerman Resources’ Etango Uranium Project a mineral deposit retention licence with a five year extendable term. According to the company, the retention licence covers an area of 7,295 hectares, which includes the Etango ore body, two satellite deposits at Hyena and Ondjamba and all planned mine infrastructure. …

The auditor general’s latest report has exposed perennial non-compliance within the mining industry. Government has learnt that environmental, pollution and other long-term damage to the environment by mines have not been monitored. Tabled before the National Assembly recently, the audit report for 2011/12 to 2014/15 indicates that mining sites across …

British junior diamond miner Firestone Diamonds’ Liqhobong Mine in Lesotho has discovered a 134 carat gem-quality light yellow diamond. According to the company, the discovery is the largest diamond, delivered by Liqhobong so far during the early stages of mining. The company’s board believes this recovery, the second of over a hundred …

AIM-quoted diamond outfit, Firestone Diamonds’ latest diamond sale sold 195,330 carats for US$13.5 million. Firestone’s July and September 2017 diamond sale included the company’s second US$1 million stone, achieving an average value of US$69/ct. According to the company, the average realised value per carat represents the continued lower than expected …

Trigon Metals has received the environmental approvals required to commence exploration at the company’s open pit mining project Kombat. Government recently awarded the company an environmental clearance certificate for proposed exploration on the mining licences held by Manila Investments (Pty) Ltd, an 80% owned subsidiary of Trigon. Valid for three …