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 BlueRock Diamonds has sold the 8.97 ct diamond and the 16.28 ct diamond, that it recovered earlier this month at its Kareevlei diamond mine, in the Kimberley region of South Africa. The 8.97 ct diamond achieved a price of $8 306/ct, valuing it at $74 513, while the 16.28 ct diamond sold for $4 849/ct, valuing it at $78 947.
The Minerals Council South Africa on Friday expressed its concern about the consequences of Association of Mineworkers and Construction Union’s (AMCU’s) planned secondary strikes at mining companies where the union is recognised in the gold and platinum sectors.
Fifteen companies have, so far, received notices of secondary strike action from AMCU, including Lonmin, effective from the night shift of February 28 to around March 7, said the council.
Barrick Gold, the world’s second-largest gold producer, confirmed it has considered a bid for Newmont Mining Corp. as the Canadian mining giant looks for ways to boost production.
Barrick has reviewed the opportunity to merge with Newmont in an “all-share nil premium transaction,” but no decision was taken, the company said in a statement Friday.