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Rhodium ETF completes Standard Bank PGM exchange traded fund stable

On Friday, 4 December Standard Bank will list the first rhodium-backed exchange traded fund, (ETF) in South Africa and Africa, completing its suite of available ETFs across the platinum group metal space. AfricaRhodium ETF, which...

North River Resources aims to raise $4M to fund Namib project

Namibia – Aim-listed North River Resources aims to raise US$4.0 million to help it progress its Namib Lead-Zinc project in Namibia to a construction decision. The phase one fundraising requirement of $4.0 million will enable...

Paladin Energy CEO John Borshoff steps down

John Borshoff, CEO of ASX-listed uranium mining company Paladin Energy, will be stepping down from his position as CEO, 21 years after founding the company. It is no secret that Paladin has been struggling as...

Bannerman Resources shows positive results from Etango heap leach demonstration plant

Namibia - During the June 2015 quarter Bannerman Resources, the ASX/TSX/NSX-listed uranium company, achieved a significant milestone, notably the successful commissioning of the Etango heap leach demonstration plant and completion of Phase 1 of the demonstration...

Paladin Energy: Cash flow positive in 2016 following cost cutting initiatives

Global uranium company Paladin Energy is implementing a number of cash reduction initiatives which will enable the company to become cash flow positive in 2016 – even at current low uranium prices. The company expects to...

African countries retract resource nationalism, promote investment – EY

While resource nationalism remains an issue in many African countries, several countries are experiencing retreats and have returned their focus to investment attraction, changing their laws to encourage mining investment. This has been experienced particularly...

Namibia and De Beers agree on milestone 10-year diamond sales agreement

The Namibian government and global diamond mining giant De Beers have agreed, in principle, on the terms of a new 10-year sales agreement for the sorting, valuing and sales of all of Namdeb Holdings’ diamonds. Namdeb Holdings' diamonds...

Kombat Copper drilling programme reveals near-surface mineral resource

Namibia – Canadian exploration and development company Kombat Copper has received the final assay results from its recently completed 35-hole diamond drill program, which indicates a near-surface mineral resource along specific intervals of the...

Illegal strike at Husab mine ends, no resolution reached

Namibia - Nearly 200 Namibian workers at Swakop Uranium’s Husab mine near Swakopmund ended their illegal strike on site last week following a dispute with contractor Group Five. The strike action started on 5 June to...

Kombat Copper: High grade copper intersections from Namibia revealed

Namibia - Kombat Copper, the TSX-V listed copper explorer, has received assay results from nine additional holes of its 35 hole diamond drill programme at its copper mine in Namibia. The results observed to date...

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