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BlueRock sells two D-colour Kareevlei diamonds
Published: 22 Feb 19
Aim-listed BlueRock Diamonds has sold the 8.97 ct diamond and the 16.28 ct diamond, that it recovered earlier this month at its Kareevlei diamond mine, in the Kimberley region of South Africa. The 8.97 ct diamond achieved a price of $8 306/ct, valuing it at $74 513, while the 16.28 ct diamond sold for $4 849/ct, valuing it at $78 947.
AMCU strike action further undermines struggling gold, platinum sectors – Minerals Council AMCU strike action further undermines struggling gold, platinum sectors – Minerals Council
Published: 22 Feb 19
The Minerals Council South Africa on Friday expressed its concern about the consequences of Association of Mineworkers and Construction Union’s (AMCU’s) planned secondary strikes at mining companies where the union is recognised in the gold and platinum sectors. Fifteen companies have, so far, received notices of secondary strike action from AMCU, including Lonmin, effective from the night shift of February 28 to around March 7, said the council.
Crusader MD and chair step down from board as Copulos returns
Published: 22 Feb 19
ASX- and Aim-listed Crusader Resources announced on Friday that MD Marcus Engelbrecht and chairperson Andrew Vickerman would step down from the board and that former chairperson Stephen Copulos would return as director. The resignation of Engelbrecht and Vickerman, who succeeded Copulos when the company listed in London in April last year, as directors is related to an agreement with the Copulos Group to underwrite $2.5-million of the recently announced $4.2-million rights issue to continue develop the Borborema gold project, in Brazil.
Barrick confirms it has studied offer for Newmont Barrick confirms it has studied offer for Newmont
Published: 22 Feb 19
Barrick Gold, the world’s second-largest gold producer, confirmed it has considered a bid for Newmont Mining Corp. as the Canadian mining giant looks for ways to boost production. Barrick has reviewed the opportunity to merge with Newmont in an “all-share nil premium transaction,” but no decision was taken, the company said in a statement Friday.
Gloria coal mine death toll rises to 18
Published: 22 Feb 19
Rescue and body retrieval workers on Friday afternoon brought to the surface 13 more bodies of suspected copper cable thieves from the underground area at Gloria coal mine near Middelburg in Mpumalanga, provincial police spokesman Brigadier Leonard Hlathi said. “The workers could not continue with the operations due to the severe smoke which prohibited them, and they will apparently go down again on Monday,” said Hlathi.
Eldorado Gold aims for 500 000 oz next year Eldorado Gold aims for 500 000 oz next year
Published: 22 Feb 19
Canada-headquartered Eldorado Gold is well positioned to grow its yearly production to more than half-a-million ounces next year, supported by the restart of mining and heap leaching at Kisladag and continuing the momentum of Lamaque. The company grew its production to 349 147 oz of gold in 2018, including 35 350 oz of pre-commercial production from Lamaque, in Quebec. This compares with 2017 production of 292 971 oz and the original 2018 guidance of 290 000 oz to 330 000 oz.
Lucara records strong 2018 operational performance at Karowe mine
Published: 22 Feb 19
Lucara Diamonds’ Karowe mine, in Botswana, achieved a strong operational performance in 2018, meeting or exceeding guidance in all areas, the company said on Thursday. Tonnes mined for the year ended December 31, 2018, reached 18.1-million, in line with guidance of 15.5-million to 18.7-million tonnes.
Eskom was the 'main stage in the theatre of corruption', says Mabuza Eskom was the 'main stage in the theatre of corruption', says Mabuza
Published: 22 Feb 19
Eskom chairperson Jabu Mabuza told the Zondo Inquiry on Friday that the current board of directors discovered that the power utility was "the main stage in the theatre of corruption" when it was appointed in January 2018. Asked by evidence leader Vincent Maleka to detail the state of affairs when he arrived at Eskom, Mabuza detailed a raft of problems that were plaguing the power utility, including graft, malfeasance, and low morale among staff members. 
Acid spill on vehicles near Glencore mine in the DRC kills 18 people
Published: 22 Feb 19
At least 18 people were killed when a truck transporting acid to a mine owned by Glencore in the Democratic Republic of Congo crashed and spilled its contents, a provincial health minister said. The tanker was heading to the Mutanda Mine, a copper and cobalt operation near Kolwezi in the southeast of the country, Samy Kayombo Mukanza, the health minister for Lualuba province, said. Nine people are also injured, he said.
Bill C-69 threatens natural resources investments, institute warns Bill C-69 threatens natural resources investments, institute warns
Published: 22 Feb 19
Bill C-69 – the legislation the Canadian government introduced last year to overhaul federal environmental assessments for major projects – threatens to further depress investment in the “already depressed” natural resources sector, research institute CD Howe has warned. In a new report, ‘A crisis of our own making: Prospects for major natural projects in Canada’ authored by Grant Bishop and Grant Sprague, CD Howe warns that projects will be “unnecessary exposed” to political risk.
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