Modern Mining

Cardinal Resources, listed on the ASX and TSX, has announced the results of a Preliminary Economic Assessment (PEA) of the Namdini gold project in Ghana, West Africa. According to Cardinal, the PEA confirms Namdini to be a technically and financially robust low-cost mining opportunity, with the potential to generate strong positive cashflows.

In its production and financial results for the third quarter ended 31 December 2017, Vedanta Resources says that the US$400 million Gamsberg zinc project in the Northern Cape is on track for first production in mid-CY2018, with a 9-12 month ramp up to full production of 250 kt/a of zinc in concentrate.

Toro Gold, a private gold exploration and development company, has announced that first gold has been poured at its Mako mine in Eastern Senegal. The mine is owned and operated by Petowal Mining Company SA, and a pour of 1 325 ounces (41,2 kg) was completed on 26 January 2018, which is approximately two weeks ahead of the planned date in the construction schedule.

For the seventh consecutive year, Randgold Resources has increased its gold production, boosting output in 2017 by 5 % to 1,31 million ounces, ahead of its guidance, while shrinking total cash cost per ounce by 3 % to US$620.

ChromTech Holdings, the South African mine-to-market chrome producer established in 2006, has announced the completion of its R230 million chrome tailings retreatment plant at platinum producer Lonmin.

Randgold Resources’ Loulo-Gounkoto gold mining complex in Mali is on track to improve on its record performance in 2016, with last year’s production expected to reach a new peak and at lower cash costs of production, Chiaka Berthe, the company’s General Manager of its West African operations, said recently.

Contact Modern Mining

Title: Editor
Name: Arthur Tassell
Email: mining@crown.co.za
Phone: +27 11 622-4770
Fax: +27 11 615-6108

Title: Advertising Manager
Name: Bennie Venter
Email: benniev@crown.co.za
Phone: +27 11 622-4770
Fax: +27 11 615-6108

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