The SAIMM is a professional institute with local and international links aimed at assisting members source information about technological developments in the mining, metallurgical and related sectors.
Aim-listed Edenville Energy has raised £2-million through an oversubscribed subscription of 250-million new ordinary shares at 0.8p apiece. The company also issued 125-million warrants to the subscribers on the basis of one warrant for every two new ordinary shares, exercisable at 1.08p per warrant, at any time over the next 18 months.
Zimbabwe-focused gold producer Metallon Corporation grew its earnings before interest, taxes, depreciation and amortisation (Ebitda) by 40% to $18.6-million in 2016, from $13.3-million in 2015. “2016 was a year of positive progress for Metallon. The business delivered an outstanding Ebitda . . . This was attributable to solid production from operations, especially at How Mine, improved cost efficiencies and a strong gold price,” CEO Ken Mekani said in a statement on Monday.
JSE-listed Petmin expects its basic earnings a share for the six months ended December 31, to be about 216% higher year-on-year at 8.3c, compared with a loss of 7.15c for the six months ended December 31, 2015. Petmin had incurred a R115-million impairment on the investment in the Veremo project in the six months to December 2015.