Nearby Location News
ELB as EPC contractor for Gamsberg process, water plants 2016-10-19Engineering 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 2016-10-14Zinc 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/ …
Tango sells South African diamond mine for $3m 2016-03-24TSX-V-listed Tango Mining has agreed to sell subsidiary African Star Minerals, which owns the Northern Cape-based Oena diamond mine, to South Africa-registered Bothma Diamante for $3-million. The transaction, for which Tango received a binding offer, comprised two stages, with Stage 1 comprising a binding term sheet and sale and acquisition agreement for contracting that would see Bothma continue the alluvial diamond bulk-sampling programme at Oena.
General 2015-05-10Exploration drill program currently underway since October 2007, with drilling activities taking place on Aluriesfontein, Big Yellow, and Gaobis. 8 zones of mineralized continuity (grades of 100PPM to 150PPM) discovered. Combination of definition and exploration drilling to be conducted in 2009