Modern Mining

North Mara gold mine achieves record monthly production

In its Q2-2019 Production Results, LSE-listed Acacia Mining, which operates three mines in north-west Tanzania, reports that gold production for the quarter was 19 % higher than the prior year period, mainly due to 39 % higher production at North Mara, offset by expected reductions in production at Buzwagi and Bulyanhulu. Gold ounces sold for the quarter of 143 325 ounces were 10 % below production due to the timing of gold shipments from North Mara which were weighted towards the end of June.

Partnership seeks to boost pipeline of female engineers

De Beers Group is investing US$315 000 over three years in programmes that aim to encourage young women to study STEM (science, technology, engineering and mathematics) subjects and to pursue engineering careers in South Africa, Namibia and Botswana.

Syama achieves commercial rates of ore production

Australia’s Resolute Mining, listed on the ASX and LSE, reports that its Syama Underground Mine in Mali has achieved commercial rates of ore production having mined and hauled in excess of 80 % of nameplate mine capacity.

Copper miner Sandfire to acquire MOD Resources

Sandfire Resources NL, listed on the ASX, and MOD Resources Limited, listed on the ASX and LSE, have announced the execution of a binding Scheme Implementation Deed (SID) for the implementation of a Scheme of Arrangement under which Sandfire will acquire 100 % of the issued and to be issued share capital of MOD. The deal values MOD at A$167 million.

Gem sells its Ghaghoo mine for US$5,4 million

LSE-listed Gem Diamonds has announced that it has entered into a binding agreement with Pro Civil (Pty) Ltd for the sale of 100 % of the share capital of Gem Diamonds Botswana Proprietary Limited (GDB). Pro Civil is a company registered in Botswana.

Barminco awarded A$800 million Khoemacau contract

Diversified mining services company Ausdrill, listed on the ASX, has announced that its subsidiary, leading hard-rock underground miner Barminco, has been awarded a five-year underground mining services contract at the Zone 5 copper/silver mine in Botswana from Khoemacau Copper Mining (Pty) Limited (Khoemacau) worth approximately A$800 million.