Market News
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Zimbabwe: Metallon\'s Revenue Up Seven Percent
Posted on :Friday , 25th September 2015
Metallon Corporation's revenue for the first half of the year went up 7 percent to $58 million from around $54 million recorded in the first half of last year spurred by an increase in production during the period under review.
Gold production for the period increased to 48,143 ounces from 45,524 ounces for the first half 2014 despite lower prices recorded during th. . .
Gemfields mine in Zambia richer than initially thought
Posted on :Friday , 25th September 2015
Emeralds and rubies miner Gemfields (LON:GEM) said Wednesday an independent report by consultancy firm SRK shows the Kagem mine in Zambia is set to produce 1.10 billion carats over a 25 year mine life, which is more than initially anticipated.
The company said the total amount of indicated and inferred mineral resource at the emerald mine, 75% owned by Gemfields, is now estimated. . .Mwadui mine life extended 20 years
Posted on :Thursday , 24th September 2015
The mine, partly owned by Petra Diamonds of South Africa, development plan is expected to deliver 350,000 carats per annum (ctpa) from a grade of approximately 7.0 carats per hundred tonnes (cpht).
A statement recently, shows that Petra’s current mine plan for Williamson, in Mwadui in Shinyanga, has a life extending to 2033. “ÉBut given that the M. . .East Africa: Bomag launches new compact and powerful machinery for the Build and Mining industry
Posted on :Thursday , 24th September 2015
Bomag has extended its range of products with the addition of a new recycler and soil stabiliser, the MPH 364
Bomag MPH 364 BomagClearly arranged operating controls allow the machine operator to work easily.MPH 364 is a compact and powerful machine .The new construction machine has an operating weight of 17 tonnes and a working width of 2,005 mm. The compact d. . .Africa\'s Obuasi gold mine to be redeveloped
Posted on :Wednesday , 23rd September 2015
USA-based Randgold Resources Limited and South Africa’s AngloGold Ashanti Limited have have decided to form a joint venture to redevelop and operate AngloGold Ashanti’s Obuasi gold mine in Ghana
goldmining Calistemon wcThe Obuasi gold mine will be enabled with ramp access for better transportation of materials and workers.The two companies signed a. . .Please Select an Option
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