NEWS
LATEST NEWS IN THE MINING INDUSTRY
LATEST NEWS IN THE MINING INDUSTRY
The successful development of gold producer Randgold Resources’ Kibali gold mine in the north-eastern Orientale province of the Democratic Republic of Congo (DRC) has demonstrated the capacity of mining to boost the economies of African countries and improve the lives of their people, company CEO Mark Bristow said to local media on a facility visit to the mine shortly after arriving there with his BoyzonBikes fundraising motorbike ride earlier this month.
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JOHANNESBURG (miningweekly.com) – Outgoing Impala Platinum (Implats) CEO Terence Goodlace will, from July 1, join the Gold Fields board as nonexecutive director. Goodlace, who has been CEO of Implats since 2012, has also previously worked as CEO of Metorex and COO at Gold Fields. ADVERTISEMENT He is also a nonexecutive director of Zimplats and serves as a council member of the Chamber of Mines. He holds an MBA from the University of Wales, a BCom degree from the University of South Africa and a National Diploma in Metalliferous Mining from the Witwatersrand Technikon School of Mines.
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JOHANNESBURG (miningweekly.com) – Resource and exploration company Tyranna Resources has initiated a formal dispute process as a result of repeated claims allegedly made by emerging gold producer WPG Resources that part of exploration licence 5661, which surrounds South Australia’s Challenger gold mineral lease, does not form part of Tyranna’s operations. The ASX-listed company, a merger between Trafford Resources and Ironclad Mining, announced on Tuesday that it had initiated the dispute to protect its “leading ownership position” of the gold assets within the tenement immediately surrounding Challenger gold mine in the far north of South Australia.
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TORONTO (miningweekly.com) – Yukon Territory-focused Wellgreen Platinum has appointed former Romarco Gold chief executive Dianne Garrett as its new president, CEO and director. Garrett brought with her more than 20 years of experience in the mining industry, most aptly demonstrated in her role at Romarco which, under her leadership, grew from a market valuation of C$20-million in 2002, to being sold for more than C$550-million to OceanaGold in 2015.
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JOHANNESBURG (miningweekly.com) – JSE-listed Northam Platinum has successfully raised R250-million through the issue of R250-million of new domestic medium-term notes. Northam in February announced that it had entered into a subscription agreement with the Industrial Development Corporation (IDC), which would subscribe for R250-million of new domestic medium-term notes. The notes were issued on Friday.
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