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Leagold sets 2019 guidance at up to 420 000 oz
Published: 22 Jan 19
Canadian junior Leagold Mining has set a production target for 2019 of between 380 000 oz and 420 000 oz, at an all-in sustaining cost (AISC) of between $920/oz and $970/oz. This guidance range incorporates the company’s first full year of contributions from the three mines in Brazil that it acquired in May 2018.
Africa's position as the world's hottest oil and gas frontier to be entrenched this year
Published: 22 Jan 19
The year ahead will be key for the advancement of new exploration and production development projects from West to East Africa in the hydrocarbons market, entrenching the continent’s position as the word’s hottest oil and gas frontier, the African Energy Chamber (AEC) has said. The year however also brings a new set of dynamics and challenges that could influence the future of the industry, from presidential elections to megaprojects developments, amidst intensifying international competition, the AEC said on Monday.
PRASA to have permanent group CEO by April – Minister
Published: 22 Jan 19
Transport Minister Blade Nzimande expects the process to appoint a permanent group CEO for the Passenger Railway Agency of South Africa (PRASA) to be completed by April. He stated this in a reply to a Parliamentary question by Democratic Alliance MP Chris Hunsinger, dated January 9.
AMSA extends water treatment contract with Veolia Water Technologies AMSA extends water treatment contract with Veolia Water Technologies
Published: 22 Jan 19
Veolia Water Technologies South Africa has been re-awarded the operational and chemical water treatment contract for ArcelorMittal South Africa’s (AMSA’s) Vanderbijlpark Works operation. Veolia has operated the facility’s water-related infrastructure and supplied and managed its chemical dosing requirements since 2014.
PIC suspends exec, manager pending investigation
Published: 22 Jan 19
The Public Investment Corporation (PIC) has resolved to suspend listed investments executive head Fidelis Madavo and assistant portfolio manager Victor Seanie effective immediately amid investigations into alleged irregularities. This follows responses that were given to the Standing Committee on Public Accounts in Parliament in December.
Trans-Siberian hits production records
Published: 22 Jan 19
LSE-listed Russian miner Trans-Siberian Gold (TSG) has achieved quarterly and yearly gold production records at its Asacha gold mine, producing 13 069 oz in the December quarter, taking full-year output to 42 128 oz. The company indicated that its gold production would be between 40 000 oz and 44 000 oz in 2019.
Stornoway announces two board appointments
Published: 22 Jan 19
Quebec-based diamond miner Stornoway Diamonds has appointed Hubert Lacroix and Angelina Mehta to its board of directors. Lacroix has more than 30 years of experience in business and law and has expertise in corporate governance
Roxgold ups 2019 guidance on back of strong 2018 gold production
Published: 22 Jan 19
TSX-listed Roxgold expects to produce between 145 000 oz and 155 000 oz gold in 2019, at an all-in sustaining cost of between $765oz and $795/oz. The company produced 132 656 oz in 2018, exceeding its revised guidance of between 120 000 oz and 130 000 oz.
There's a golden shelter from recession risks at these mines
Published: 22 Jan 19
There’s a better potential haven than gold for investors spooked by the risk of a recession this year – mid-sized producers who’ve outperformed both bullion and the rest of the mining industry. Companies including Canada’s Kirkland Lake Gold and Australia’s Northern Star Resources have scope to extend gains and should be in focus for investors looking for a safe harbor, according to Joe Foster, New York-based portfolio manager for the $600-million Van Eck International Investors Gold Fund.
SAA extends flight cancellations to Blantyre over airport safety failings SAA extends flight cancellations to Blantyre over airport safety failings
Published: 22 Jan 19
South African national flag carrier South African Airways (SAA) announced on Tuesday that it was extending its cancellation of flights between Johannesburg and Blantyre, Malawi. The extension means that the flights to and from Blantyre scheduled for Wednesday January 23 have now been cancelled. Passengers can be re-routed, if they wish, on to SAA’s flights between Johannesburg and Lilongwe in Malawi. Lilongwe is Malawi’s capital and Blantyre is the country’s commercial centre. The two cities are about 360 km apart, by road, and are connected by domestic air flights, railway as well as by bus and car. SAA originally cancelled its Johannesburg-Blantyre flights for Saturday and Monday, as a result of the annual audit (carried out by the South African Civil Aviation Authority or SACAA) discovering serious safety non-compliance at the Malawian airport. Reportedly, serious failings included a lack of a reliable fire engine and ambulance (due to lack of maintenance) and an inadequate and vandalised perimeter fence.
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