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Golden Queen Announces November Operational Results And Positive Reconciliation Of Ore Tonnage And Grade In The East Pit

Thursday, 14 Dec 2017

Dec 14 (Reuters) - Golden Queen Mining Co Ltd ::GOLDEN QUEEN ANNOUNCES NOVEMBER OPERATIONAL RESULTS AND POSITIVE RECONCILIATION OF ORE TONNAGE AND GRADE IN THE EAST PIT.GOLDEN QUEEN MINING CO LTD - FOR NOV, CO HAD TOTAL GOLD PRODUCTION OF 3,860 OUNCES AND REVENUE OF US$5.4M FROM ITS SOLEDAD MOUNTAIN GOLD-SILVER MINE.

Guyana Goldfields Plans To Release Optimized Mine Plan For Aurora Gold Mine In Q1

Thursday, 14 Dec 2017

Dec 14 (Reuters) - Guyana Goldfields Inc ::GUYANA GOLDFIELDS INC. CONTINUES TO OPTIMIZE THE AURORA GOLD MINE.GUYANA GOLDFIELDS - PLANS TO RELEASE AN OPTIMIZED MINE PLAN FOR ITS AURORA GOLD MINE IN Q1 2018.GUYANA GOLDFIELDS INC - EXPECTS OPTIMIZED MINE PLAN TO REDUCE CAPITAL AND OPERATING COSTS, SPECIFICALLY IN EARLY YEARS OF MINE LIFE.GUYANA GOLDFIELDS INC - ALSO EXPECTS OPTIMIZED MINE PLAN TO ACCELERATE CASH FLOW AND PROVIDE MORE CONSISTENT OPERATING AND FINANCIAL RESULTS..GUYANA GOLDFIELDS- MINE PLAN INVESTIGATES SHIFT FROM OWNER-OPERATED MINING FLEET TO CONTRACT MINING.

Revised Sibanye-Stillwater Business Plan Could Affect A Further 890 Staff

Thursday, 14 Dec 2017

Dec 14 (Reuters) - Lonmin Plc ::LONMIN TO PUBLISH ANNUAL FINANCIAL STATEMENTS IN JANUARY 2018- SIBANYE PRESENTANTION.SIBANYE SAYS EXPECTS COMPETITION CLEARANCE TO BE OBTAINED IN H2 2018.LONMIN SHAREHOLDER APPROVAL AND COURT MEETING EXPECTED IN H2 2018.SIBANYE-STILLWATER SHAREHOLDER APPROVAL EXPECTED IN H2 2018.LONMIN CEO SAYS BELIEVES OFFER IS IN THE BEST INTERESTS OF LONMIN, LONMIN SHAREHOLDERS AND OTHER STAKEHOLDERS.LONMIN CEO SAYS LONMIN CONTINUES TO BE HAMSTRUNG BY LIQUIDITY CONCERNS.SIBANYE-STILLWATER REVISED MINE PLAN SEES JOB CUTS OF APPROX 12,600 EMPLOYEES OVER THREE YEARS AS LONMIN GENERATION ONE SHAFTS REACH END OF LIFE.REVISED SIBANYE-STILLWATER BUSINESS PLAN COULD AFFECT A FURTHER 890 STAFF.

Sibanye-Stillwater proposes to acquire Lonmin in deal valued at 285 mln pounds

Thursday, 14 Dec 2017

Dec 14 (Reuters) - Sibanye-Stillwater ::‍PROPOSED ACQUISITION OF LONMIN BY SIBANYE-STILLWATER​.‍EXPECTS TRANSACTION TO BE NET ASSET VALUE ACCRETIVE ON CLOSING, EARNINGS AND CASH FLOW ACCRETIVE IN RESPECT OF SIBANYE-STILLWATER SHARES FROM 2021​.‍UNDER TERMS OF OFFER EACH LONMIN SHAREHOLDER WILL BE ENTITLED TO RECEIVE FOR EACH LONMIN SHARE 0.967 NEW SIBANYE-STILLWATER SHARES​.‍EACH LONMIN SHAREHOLDER WILL BE ENTITLED TO RECEIVE FOR EACH LONMIN SHARE 0.967 NEW SIBANYE-STILLWATER SHARES​.‍OFFER VALUES EACH LONMIN SHARE AT 86.3 PENCE AND REPRESENTS PREMIUM OF ABOUT 35 PCT TO CLOSING PRICE PER LONMIN SHARE OF 63.8 PENCE ON 13 DEC 2017​.REALISED R550 MILLION/ANNUM IN ANNUALISED OPERATIONAL SYNERGIES AS AT 30 JUNE 2017, SEES R1 BILLION OF ANNUALISED SYNERGIES BY 2018​.‍IDENTIFIED EXPECTED TOTAL PRE-TAX RUN-RATE SYNERGIES OF APPROXIMATELY R1,500 MILLION BY 2021​.‍ESTIMATES IMPLEMENTATION OF OVERHEAD SYNERGIES WOULD GIVE RISE TO EXPECTED ONE-OFF COSTS OF R80 MILLION, HEADCOUNT REDUCTION OF ABOUT 700​.‍IMPLEMENTATION OF PROCESSING SYNERGIES WOULD GIVE RISE TO EXPECTED ONE-OFF COSTS OF APPROXIMATELY R1,000 MILLION​.‍ASIDE FROM ONE-OFF COSTS REFERRED, DOES NOT EXPECT ANY MATERIAL DIS-SYNERGIES TO ARISE IN CONNECTION WITH ACQUISITION​.LONMIN BELIEVES IF LOW PGM PRICES PERSIST, REGARDLESS OF ACQUISITION IMPLEMENTED, POTENTIALLY IN EXCESS OF 12,000 JOBS IN LONMIN WOULD BE AT RISK OVER NEXT 3 YRS.

Nrw Holdings Executes Contract With Gascoyne For Mining Works

Tuesday, 12 Dec 2017

Dec 13 (Reuters) - Nrw Holdings Ltd ::GASCOYNE RESOURCES AND NRW HAVE FINALISED TERMS FOR MINING WORKS AT DALGARANGA GOLD PROJECT; HAVE EXECUTED CONTRACT.- CONTRACT IS FOR OPEN PIT MINING AND EXPECTED TO GENERATE ABOUT $324 MILLION REVENUE OVER 72 MONTHS.

Impression Healthcare Appoints Troy Valentine As Chairman

Tuesday, 12 Dec 2017

Dec 13 (Reuters) - Impression Healthcare Ltd ::APPOINTS TROY VALENTINE AS CHAIRMAN.

Newcrest To Divest Bonikro Operation

Tuesday, 12 Dec 2017

Dec 13 (Reuters) - Newcrest Mining Ltd ::NEWCREST AGREES TO DIVEST BONIKRO FOR $81M.$72M CASH PAYABLE ON TRANSACTION COMPLETION.SIGNED AGREEMENT TO SELL 89.89% INTEREST IN BONIKRO OPERATION TO CONSORTIUM CONSISTING OF F&M GOLD RESOURCES AND AFRICA FINANCE CORP.GUIDANCE FOR FY18 WILL BE UPDATED FOLLOWING TRANSACTION COMPLETION.‍CO EXPECTS TO RECOGNISE A SMALL NET PROFIT ON SALE​.EXPECTED THAT TRANSACTION WILL COMPLETE IN MARCH 2018 QUARTER.

Yorbeau Acquires Prospective Zinc Property In The Chibougamau Camp

Tuesday, 12 Dec 2017

Dec 12 (Reuters) - Les Ressources Yorbeau Inc ::YORBEAU ACQUIRES PROSPECTIVE ZINC PROPERTY IN THE CHIBOUGAMAU CAMP.

Avesoro Resources Acquires Heavy Mining Equipment

Tuesday, 12 Dec 2017

Dec 12 (Reuters) - Avesoro Resources Inc ::ACQUISITION OF HEAVY MINING EQUIPMENT.AVESORO RESOURCES INC SAYS CO'S UNIT BEA MOUNTAIN MINING CORP ENTERED INTO FURTHER EQUIPMENT FINANCE FACILITY AGREEMENTS WITH MAPA İNŞAAT VE TICARET A.Ş..AVESORO RESOURCES SAYS AGREEMENTS IS TO FACILITATE PURCHASE OF HEAVY MINING EQUIPMENT & ADDITIONAL AUXILIARY EQUIPMENT TOTALING ABOUT $17.1 MILLION.

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