The SAIMM is a professional institute with local and international links aimed at assisting members source information about technological developments in the mining, metallurgical and related sectors.
Aim-listed Bushveld Minerals’ Bushveld Vametco subsidiary put in a solid performance for the third quarter ended September 30, which was supported by a rising vanadium price that traded at an average of $39.40/kg. Bushveld Minerals and Yellow Dragon Holdings in April jointly acquired Bushveld Vametco Alloys, the South African vanadium mining operation, near Brits, in the North West, from Evraz Group.
Gold development and exploration company Gold Road, which is building the Gruyere gold mine in a joint venture with South Africa’s Gold Fields, has entered into forward sales with two major banks for up to 200 000 oz of Australian dollar denominated forward sales.
To date, the company has locked in forward sales contracts for 25 000 oz at an average price of A$1 705 under the hedging facilities with the banks.
Aim-listed resource development company Savannah Resources has completed construction of the pilot plant for its bulk metallurgical test work programme at the Mutamba mineral sands project, in Mozambique. The Mutamba project, located in the Gaza and Inhambane provinces, is being developed in a consortium with mining major Rio Tinto.