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Barrick Gold eyes assets, exploration as it plots new phase Barrick Gold eyes assets, exploration as it plots new phase
Published: 17 Nov 18
Barrick Gold, soon to become the world's largest bullion miner, is interested in adding more copper assets as long as the red metal is accompanied by bullion, executives said on Friday. Barrick, which expects to complete its $6.1-billion takeover of Randgold Resources January 1, outlined plans for exploration, expansion, streamlining and asset sales at an investor presentation in London.
Barrick Gold aims to boost dividend in future – incoming CFO
Published: 16 Nov 18
Barrick Gold intends to grow future dividends via stronger operating cash flows, non-core asset sales and lower overhead and interest costs, the incoming CFO said in an investor presentation Friday. "The company has made it very clear that paying dividends will be a key deliverable and important objective for the new group," Graham Shuttleworth said via webcast from London.
Difficulties continue for Afarak in Q3
Published: 16 Nov 18
Industry seasonal effects, coupled with some internal adversities, primarily in the ferro-alloys segment, continue to make this a difficult year for specialty alloys producer Afarak. During the company’s third-quarter period, ended September 30, the benchmark price for ferrochrome fell further, leading to lower revenues on a quarter-on-quarter and year-on-year basis.
Russian Jan-July gold output flat at 157.19 t
Published: 16 Nov 18
Russia produced 157.19 t of gold in the first seven months of 2018, exactly the same amount as in the same period last year, the Finance Ministry said on Friday. Production for the period included 129.34 t of mined gold compared with 126.39 t a year ago, the Ministry said.
PSG Wealth to move into Ingress development in Midrand PSG Wealth to move into Ingress development in Midrand Has Video
Published: 16 Nov 18
JSE-listed property developer Attacq and wealth management firm PSG Wealth on Friday held a sodturning ceremony to officiate the development of the Ingress office park, in the Waterfall precinct, in Midrand. PSG will take up residency in a four-storey 4 376 m2 building, with the construction deadline set for August 2019 at the Ingress’ Phase 1 development.
Gold miner smuggles in workers by night to bypass strikers
Published: 16 Nov 18
Gold Fields is having to sneak maintenance teams into its South Deep mine in South Africa after protesters shot at vehicles trying to enter the site, where workers have been on strike since Nov. 2. Small teams of essential workers are using secret entrances to enter the mine and sometimes have to be smuggled in during the night to pump water, monitor equipment and undertake general maintenance work, said company spokesperson Sven Lunsche.
ACSA, Wits Access Management System challenge winner announced ACSA, Wits Access Management System challenge winner announced
Published: 16 Nov 18
Team Authentic8 was on Friday declared the winner of the Airports Company South Africa (ACSA) and University of the Witwatersrand's (Wits') Tshimologong Digital Innovation Precinct’s security access management hackathon, also called the Access Management System Challenge. The announcement was made at a demo day in Braamfontein.
Vusi Khanyile appointed WWF-SA chairperson Vusi Khanyile appointed WWF-SA chairperson
Published: 16 Nov 18
Former Thebe Investment Corporation chairperson Vusumzi (Vusi) Khanyile has been elected the new chairperson of World Wide Fund-South Africa’s (WWF-SA) board of directors at the nongovernmental organisation’s fiftieth annual general meeting. He takes over from Valli Moosa, who has chaired the board since 2011.
Upcoming protest not the first amid talks of transition away from coal – SAWEA
Published: 16 Nov 18
The South African Wind Energy Association (SAWEA) has defended the industry’s job creation potential. This comes ahead of a peaceful march by the National Union of Mineworkers (NUM), which is planned for November 17, to protest potential job losses in the coal-fired power generation sector as a result of South Africa’s plans to increase its use of renewable energy sources.
India state may cancel NMDC's Donimalai mine lease in levy dispute
Published: 16 Nov 18
The government of India's Karnataka state on Friday warned NMDC that it will cancel the lease of its Donimalai iron-ore mine if the State-owned miner refuses to pay an additional levy on the sale of its ore. Karnataka's threat to cancel the lease stems from a dispute between NDMC, India's biggest iron ore miner, and the state government over its decision to impose an 80% premium on ore sales from Donimalai.
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