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.
JSE-listed diamond miner Trans Hex reported a group net profit of R52-million for the six months ended September 30, compared with the R199-million loss reported for the six months to September 30, 2017.
The company managed to raise its earnings a share to 37.6c apiece, compared with a loss of 89.7c apiece in the prior comparable period.
Barrick Gold Corp has reached an agreement with the Tanzanian government on a $300-million payment, a milestone toward resolving a dispute that has crippled the miner’s subsidiary in the African country, according to people familiar with the situation. Executives from the Toronto-based producer and Randgold Resources, which is being bought by Barrick, met with Tanzanian negotiators on December 7, said the people, who declined to be identified as the talks are private. During that meeting, the two sides made significant progress on a deal that includes Acacia Mining paying $300-million in installments. The terms are now being handed off to a tax working group in Tanzania for review, the people said.