Wednesday, July 30, 2014
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TWP Holdings' Story of Platinum DVD

StoryofPlatinum

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Mining Weekly Headlines

  • Exxaro to write down RoC asset for R5.8bn
    Diversified mining giant Exxaro said on Wednesday that the pre-tax impairment of the company’s investment in the Mayoko iron-ore project, in the Republic of Congo (RoC), had been concluded, with the impairment loss amounting to R5.8-billion. This amount included an impairment of the original acquisition cost of R2.9-billion, the carrying...
  • Zimplats posts ‘satisfactory’ Q2 performance
    In a quarterly performance described by the company as “satisfactory”, platinum miner Zimplats increased its ore mined for the three months ended June 30 by 10% to 1.54-million tons, owing mainly to production ramp-up at the Mupfuti mine and improved productivity at its other operations. In addition, head grade of...
  • Oando acquires ConocoPhillips Nigerian oil and gas business for $1.5bn
    Nigeria-focused oil and gas explorer Oando Energy Resources (OER) on Wednesday announced that it had completed the acquisition of the Nigerian upstream oil and gas business of New York-listed ConocoPhillips for a total cash consideration of $1.5-billion as well as a deferred cash consideration of $33-million. OER believed that the...
  • Excellon Resources narrows Q2 loss as output rises
    Despite recording the lowest quarterly average silver price in several years, Mexico’s highest-grade silver producer Excellon Resources late Tuesday reported that it had managed to narrow its net loss for the three months ended June 30, as higher output and sales offset sagging prices. The Toronto-based miner, which operates the 40...