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Diamond exploration intensifying close to mine that paid for itself in 3.5 days Diamond exploration intensifying close to mine that paid for itself in 3.5 days Has Video
Published: 18 Oct 17
London- and Botswana-listed Botswana Diamonds which is funding diamond exploration on three sites in South Africa, expects to declare an inferred resource by year-end at its Thorny River project in Limpopo, which is located very close to the Marsfontein mine that had an astonishing three-and-a-half-day payback. The De Beers Southern Era Marsfontein joint venture of 1998 to 2000 had an average grade of 172 carats per hundred tonnes (cpht) and a diamond value of more than $200/ct – but it was only 0.4 ha in size.
Sibanye Platinum’s favourable wage agreement creates certainty – Solidarity 
Published: 18 Oct 17
Trade union Solidarity says it has reached a favourable three-year wage agreement on behalf of its members at Sibanye Platinum’s Kroondal mine.  The agreement is effective from July 1, and will be valid until June 30, 2020.
Niger must halt job cuts at Areva's uranium mine, group says
Published: 18 Oct 17
Activists in Niger urged President Mahamadou Issoufou to negotiate with Areva SA after the French company said it will cut 200 jobs at one of its uranium mines in the West African nation to adjust to lower prices for the nuclear fuel. “It’s absolutely untrue that the only solution is to lay off staff,” said Al-Moustapha Alhacen, head of Aghirin’man, a nongovernmental organization in the northern Nigerien desert town of Arlit, about 1 200 km (745 miles) from the capital, Niamey. “Areva must accept to negotiate.”
As banks flee diamond trading, a startup plans to fill the gap
Published: 18 Oct 17
As major banks abandon the diamond trading world, one new lender is preparing to jump in. Dfin, a London-based corporate finance firm that specializes in the diamond sector, plans to lend $250-million to diamond polishers, cutters and traders -- known in the industry as the midstream -- over the next two years, according to Dfin pitch documents seen by Bloomberg News. Within the next four years, it aims to expand lending to about $375-million, the documents show.
Vast making progress on Baita Plai licence
Published: 18 Oct 17
Aim-listed Vast Resources said on Wednesday that it had made “significant progress” with the finalisation of the Baita Plai association licence, which forms a key part of its expansion plans in Romania. Vast said that the Baita SA board had held a meeting this week, where it had requested its shareholder, the Ministry of Economy, to approve the association on the licence for the exploitation and processing of polymetallic ore from the previously producing Baita Plai mine. The Ministry has 30 days to do so.
Chamber files for review of 'disastrous' Mining Charter Chamber files for review of 'disastrous' Mining Charter
Published: 18 Oct 17
The Chamber of Mines filed an application in the North Gauteng High court on Tuesday to have a judicial review and setting aside of the Mining Charter. According to the founding affidavit, the Charter released by Mineral Resources Minister Mosebenzi Zwane on June 15 had, and continues to have, a “disastrous effect” on the mining industry, including on investors and employees.
South African mining industry must modernise – Chamber of Mines
Published: 18 Oct 17
The South African mining industry has to modernise as a matter of urgency in order to halt job cuts in the industry, as well as to create more jobs, says Chamber of Mines modernisation and safety head Sietse van der Woude. Delivering a keynote address at diversified engineering solutions company Siemens’ Mining Technology Day, on Wednesday, he outlined a “dismal” future for the domestic mining industry if it does not implement new technology or invest in modernisation and mechanisation.
Ncondezi raises £750 000
Published: 18 Oct 17
Aim-listed Ncondezi Energy has raised £750 000, before expenses, through an oversubscribed placing of 15-million ordinary shares at a price of 5p a share. The company will use the funds raised by the placing to cover nonproject corporate costs until the end of August 2018, before the maturity of the shareholder loan, as well as to secure the company's position as it finalises the exclusivity arrangement with its proposed partner.
Zwane to Parliament – Am I being investigated?
Published: 18 Oct 17
"Am I being investigated? I need to know so that we can start dealing with facts and not allegations that are in the media." Those were the introductory remarks from Mineral Resources Minister Mosebenzi Zwane who is currently appearing before Parliament's portfolio committee on mineral resources to answer on allegations of state capture.
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