1 August 2018 |
After being on the market for about 8 months De Beers has been unable to find a buyer for its Voorspoed diamond mine in the Free State Province and is now closing it down. The Voorspoed Diamond Mine is a perfect fit for the Labour Union at the mine to takeover with State assistance to save jobs. |
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17 May 2018 |
Status Quo remains - No resolution of uncertainty in the mining industry. New version of the Mineral and Petroleum Resources Development Act (MPRDA) only up for discussion during August 2018. |
27 February 2018 |
Thabex is investigating diamond projects in collaboration with Diamex JV:
1. In eastern Cameroun
2. Alluvial diamond concessions in Angola
3. West Coast alluvial diamond potential of certain EPL's in Namibia |
17 February 2018 |
Winds of change are blowing fast and furious in Southern Africa, both Zimbabwe and South Africa have new Presidents. The main difference is, economic policy, Zimbabwe has acknowledged the destrustive economic policy of land reform without compensation over many years. However, South Africa is just starting to experiment with this failed economic policy. |
8 February 2018 |
Deputy Minister of Mines announces plans the legalise illegal mining in South Africa. Perhaps a new Inspectorate of Mine Safety is also on the cards, to ensure that health and safety is also regulated for these newly to be legalised miners? |
6 February 2018 |
The South African Minister of Mines fails to give any indication of resolving the mining industry's policy uncertainty which will impede future foreign and local capital investment in new mining projects in the country. |
30 November 2017 |
Policy uncertainty with regards to the New Mining Charter, the Draft Amendment Bill of the Mining act and the various High Court Cases surrounding their implementation is causing a rethink by potential foreign investors in South African mining projects. As a result Thabex is implementing a business shift towards projects in Sub-Sahara Africa. |
30 June 2017 |
Thabex enters into a Joint Venture Agreement with Diamex JV (Pty) Ltd to provide consulting, exploration and mine development services in the Sub-Sahara region. |
19 October 2016 |
In view of the improved metals markets, Salt River Resources ("SRR") is finalising its PFS. The SRR project is planning to produce about 90 000 tonnes per annum of Zinc concentrates - 11 things every metal investor needs to know about zinc |
7 June 2016 |
Salt River Resources ("SRR") entered into an agreement with London based mining services group Universal Mining Group to provide, inter alia, Engineering Services, management Services and Construction Services to SRR |
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19 February 2016 |
Salt River Resources has been informed by the DMR that it is presently assessing the company's Social Labour Plan as it relates to the various communities. |
22 July 2015 |
In view of the present less than favourable market condictions, PureDiamonds Resources (Pty) Ltd (formerly Tradepost 121 (Pty) Ltd), a subsidiary of Thabex Ltd, is continuing to investigate alternative mining methods for its proposed mining operation at Monastery Mine with possibly implementing the MineRP 2-4D Collaborator (see www.MineRP.com) . |
9 June 2015 |
An internal appeal in terms of the Mining Act by the Schimper Family Trust against the granting of the Mining Right to Monastery Mine (Pty) Ltd on a 117ha area of the farms The Monastery 237 and Laura 267, lodged on or about 14 February 2014, was adjudicated by the Appeal Authority of the DMR, the Minister of Mineral Resources, and was subsequently dismissed. |
6 June 2015 |
ESKOM in Upington confirms that it is continuing the assessment of Salt River Resoures Ltd's application for an initial 1MW electricity supply and a final 25MW supply. |
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