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.
More than a third of the yearly gold production of Pan African Resources is destined to arise from low-cost, low-risk tailings businesses, which have long lives ahead of them. Pan African CEO Cobus Loots told investors, analysts and journalists at the company’s presentation of financial results on Wednesday that the London- and Johannesburg-listed mid-tier mining company expects to produce 190 000 oz-plus of gold in its 2018 financial year. (Also watch attached Creamer Media video).
Public Enterprises Minister Lynne Brown has received answers from Eskom to outstanding questions about its relationship with Trillian, a Gupta-linked company, her office said on Wednesday. “Minister Brown last night received Eskom’s responses to her queries. She noted progress and Eskom will soon announce more details,” her office said.
Tanzania's President on Friday ordered the military to build walls around its tanzanite mines and directed the central bank to buy the precious stone to boost reserves – the latest twist in a spat with mining firms over alleged tax evasion. "All tanzanite gemstones will be controlled and will pass through one gate and he (President John Magufuli) ordered the (central) Bank of Tanzania to take part in the tanzanite buying trade," a statement from the presidency said.