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.
TSX-listed Platinum Group Metals (PTM) on Thursday announced that the due diligence and the execution of binding legal agreements to sell Maseve Investment to Royal Bafokeng Platinum (RBPlat) had been concluded. The $74-million deal will see RBPlat pay Maseve an initial $58-million in cash to acquire the concentrator plant and certain surface assets of the Maseve mine.
LSE-listed Rainbow Rare Earths is on schedule for first production and sales of rare-earth concentrate from its Gakara rare-earth project, in Burundi, in the fourth quarter of this year. The first shipment is scheduled for the end of this year under a distribution and offtake agreement with multinational thyssenkrupp Raw Materials.
With the price of various commodities having improved during the 2017 financial year, diversified miner South32 remains optimistic about the aluminium, manganese and energy coal sectors for the year ahead. “Manganese led the way [in terms of price increases], and metallurgical coal, energy coal, zinc, lead and alumina all rose during the year, says South32 CEO Graham Kerr.