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Nearby Location News

  • ELB as EPC contractor for Gamsberg process, water plants 2016-10-19
    Engineering solutions provider ELB’s Engineering Services subsidiary has been appointed by Black Mountain Mining, a subsidiary of Vedanta Resources, to provide engineering, procurement and construction (EPC) services at the Gamsberg zinc project, in the Northern Cape. The company will oversee the construction of the process, power and water plants at the project.
  • Gamsberg project cost lowered as zinc price outlook brightens 2016-10-14
    Zinc International, the subsidiary of the London-listed and India-rooted Vedanta, is managing to achieve what both Anglo American and Gold Fields failed to do before it – build a zinc mine at Gamsberg in the Northern Cape, which has been in the offing for more than 40 years. Zinc International, headed by CEO Deshnee Naidoo, has managed to shave $200-million off the project’s original capital estimate to take it down to $400-million.
  • Teck Announces Acquisition of Securities of Jet Gold 2016-08-31

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - Aug. 30, 2016) - Teck Resources Limited (TSX: TCK.A and TCK.B, NYSE: TCK) ("Teck") announced today that it acquired 8,333,333 common shares, and a $389,117 principal amount convertible debenture of Jet Gold Corp. ("Jet Gold"). Jet Gold issued the securities in satisfaction of $889,117 of indebtedness owing to a Teck subsidiary. Jet Gold had assumed the indebtedness in connection with its indirect acquisition of control over a 30% interest in Haib Minerals (PTY) Ltd., in which Teck indirectly holds a 70% interest. The common shares were issued for an aggregate price of $500,000, and the convertible debenture was issued for a price of $389,117. No cash consideration was paid by Teck and the purchase price was fully satisfied by set-off against the assumed indebtedness.

  • Vedanta's Tom Albanese may increase spending on Gamsberg project this year as venture is de-risked.http://www.miningmx.com/top-story/27355-vendanta-pondering-increase-2017-gamsberg-capex/ &hellip 2016-05-31

    Vedanta's Tom Albanese may increase spending on Gamsberg project this year as venture is de-risked.http://www.miningmx.com/top-story/27355-vendanta-pondering-increase-2017-gamsberg-capex/ …

  • Vedanta rephases capex at Gamsberg as part of cost-cutting measures 2016-02-09
    In light of tumbling commodity prices, global diversified metals and mining company Vedanta Resources has had to restructure costs across all of its businesses, including South Africa-based Gamsberg zinc project .  Vedanta Resources CEO Tom Albanese told delegates at the Investing in African Mining Indaba that the company had delivered on its $1.3-billion cost-savings plan across its global operations, reducing its net debt by $600-million.

Nababeep Information

  • General 2015-05-10
    Part of the O'Kiep historic mining district.

Related News

  • Xtract raises funds to revive Mozambique mine 2016-11-03
    Xtract Resources has entered into a £980 000 subscription agreement with YA II EQ to provide additional working capital to further develop its Manica gold mine, in Mozambique. Xtract chairperson Colin Bird reiterated that the company was now solely focused on its Manica project after having stopped investing in the Chepica gold/copper mine, in Chile.
  • Pasinex Resources Announces High Grade DSO Sulphide Mineral Sale from the 50% owned Pinargozu Zn Mine 2016-11-03

    TORONTO, ONTARIO--(Marketwired - Nov. 3, 2016) - Pasinex Resources Limited (CSE:PSE)(CSE:PSE.CN)(FRANKFURT:PNX) (the "Company" or "Pasinex") today announced its first sale of direct shipping (DSO) high-grade zinc sulphide material from its 50%-owned Pinargozu zinc mine in Turkey. The joint venture company Horzum AS reported a sale of 991 tonnes averaging 46.82% Zn. The approximate value of the product realized was over US$700 per tonne.

  • Eastmain Resources Reports Initial Drilling and Channel Sampling Results for Eleonore South, James Bay Region, Quebec 2016-11-03

    TORONTO, ONTARIO--(Marketwired - Nov. 3, 2016) - Eastmain Resources Inc. ("Eastmain" or the "Company") (TSX:ER) is pleased to announce the reports of the Moni gold prospect channel sampling results and the first five diamond drill holes of the 12-hole Phase 1 Program (see FIGURES 1 - 4 and TABLE 1 attached). Assays are pending on the remaining seven holes. The results of the entire Phase 1 program will be used to determine the Phase 2 program expected to begin in early 2017 at the Éléonore South Joint Venture Property, in James Bay, Quebec.

  • South32 makes first acquisition, pays $200m for Peabody mine in Australia 2016-11-03
    iversified miner South32 has made its first acquisition since demerging from major BHP Billiton, spending $200-million on US major Peabody Energy’s Metropolitan colliery and its 16.67% stake in the Port Kembla coal terminal, in New South Wales. “The Metropolitan colliery is a natural fit within our portfolio and the acquisition is consistent with our strategy to invest in high-quality mining operations where we can create value,” Souht32 CEO Graham Kerr said on Thursday.
  • Pasinex Resources Announces High Grade DSO Sulphide Mineral Sale from the 50% owned Pinargozu Zn Mine 2016-11-03

    TORONTO, ONTARIO--(Marketwired - Nov. 3, 2016) - Pasinex Resources Limited (CSE:PSE)(CSE:PSE.CN)(FRANKFURT:PNX) (the "Company" or "Pasinex") today announced its first sale of direct shipping (DSO) high-grade zinc sulphide material from its 50%-owned Pinargozu zinc mine in Turkey. The joint venture company Horzum AS reported a sale of 991 tonnes averaging 46.82% Zn. The approximate value of the product realized was over US$700 per tonne.

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