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Avesoro lifts FY18 output by 15% y/y, progresses New Liberty undergound PFS
Published: 17 Jan 19
TSX- and Aim-listed gold producer Avesoro Resources exceeded its 2018 full year guidance, with 220 458 oz of gold produced from its New Liberty mine, in Liberia, and the Youga mine, in Burkina Faso. Avesoro’s yearly production increased by 15% compared with 2017, with a 44% year-on-year increase in production at New Liberty, to 109 707 oz, offset by a 4% year-on-year decrease in production at Youga, to 110 751 oz.
Strike called off at Wollongong mine
Published: 17 Jan 19
ASX-listed Wollongong Coal on Thursday told shareholders that the protected industrial action at its Wongawalli Colliery, in New South Wales, had come to an end. On January 11, contract workers at the project went on strike relating to proposed enterprise agreement between the labour hire contractor and its employees.
Whitehaven reports record quarter
Published: 17 Jan 19
Coal miner Whitehaven Coal has reported record quarterly run-of-mine production of 7.4-million tonnes, and a first half production of 11-million tonnes. The miner on Thursday told shareholders that it was on track to meet its full year production guidance of between 22-million and 23-million tonnes of saleable coal.
Paladin continues uranium sales
Published: 17 Jan 19
ASX-listed Paladin Energy has continued the sale of its uranium oxide (U3O8) stockpiles during the quarter ended December, with some 475 000 lb U3O8 sold during the quarter at an average price of $31.41/lb. Paladin in May of last year took the decision to place its Langer Heinrich operation, in Namibia, on care and maintenance, as uranium prices remained low.
SARB expected to keep rates steady after November hike SARB expected to keep rates steady after November hike
Published: 17 Jan 19
South Africa's central bank is likely to keep its benchmark repo rate unchanged on Thursday after raising it by 25 basis points last November to stem inflation central bank expected to keep rates steady after November hikepressures.central bank expected to keep rates steady after November hike Reserve Bank Governor Lesetja Kganyago is due to announce the bank's latest decision at a news conference starting at 3 pm, after a three-day meeting of the monetary policy committee he chairs.
Old Conradie hospital project could be 'make or break' for housing system, says Zille
Published: 17 Jan 19
Western Cape Premier Helen Zille said the "pioneering" housing project expected at the site of the derelict old Conradie Hospital in Cape Town could "make or break" the current housing system. A R3-billion mixed-income residential project, set for the vast grounds of the old hospital could provide the solution for the country's "failed" free housing system, Zille said on Wednesday. "No government in the world can provide free houses for everybody," Zille said at the 22 ha site between Thornton ...
Woodside Q4 revenue jumps 43%
Published: 17 Jan 19
Australian oil and gas major Woodside has reported a 43% increase in sales revenue for the fourth quarter of 2018, compared with the previous corresponding period, and a 10% increase in production. Woodside on Thursday reported that production during the three months to December had reached 24.1-million barrels of oil equivalent, as the Pluto liquefied natural gas (LNG) project achieved a 99.7% reliability rate, and the Wheatstone LNG train 1 and train 2 continued to exceed expectations.
Divers locate one body in flooded Indian mine after 35 days
Published: 17 Jan 19
Indian navy divers found the body of one of 15 miners who went missing in a flooded coal mine in a remote corner of the country more than a month ago, officials said on Thursday. Rescuers have been struggling to pump water out of the 370-feet-deep illegal "rat-hole" coal mine in the northeastern state of Meghalaya, where the men have been trapped for 35 days.
B2Gold production surges as new Mali mine outperforms
Published: 17 Jan 19
For ten consecutive years, Canada’s B2Gold has booked record gold production and 2018 was no different, with the miner lifting output by 51% to 953 504 oz in what it describes as a “year of transformational growth”. Production received a major boost from the new large Fekola mine, in Mali, which achieved commercial production on November 30, 2017, and from record production at the Masbate mine, in the Philippines.
South32 delivers solid Q2 results; announces leadership shuffle South32 delivers solid Q2 results; announces leadership shuffle
Published: 17 Jan 19
Diversified miner South32 has reported a solid production performance in the December quarter, with the miner maintaining its production guidance for the full year to June 2019. “We achieved a strong quarter of production, maintaining full-year guidance for all operations with the exception of Illawara metallurgical coal, where improved longwall performance has underpinned a 7% increase to our prior estimate,” South32 CEO Graham Kerr reported on Thursday.
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