Kinross Considering Two-phased Expansion for Tasiast

Kinross Gold is completing early-stage engineering work on a potential two-phased expansion at its Tasiast gold mine in northwest Mauritania. A feasibility study of an initial phase one expansion to increase mill throughput capacity from the current 8,000 mt/d to 12,000 mt/d is scheduled for completion in the first quarter of 2016.

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PwC Report Documents South Africa’s Mining Industry Challenges

The financial year to June 30 was extremely challenging for South Africa’s mining industry, PwC stated in the seventh annual edition of its SA Mine series. Local cost pressures, labor action, and the ongoing downswing in commodity prices resulted in shrinking margins, as mining companies grappled to improve productivity and find a place in the demanding global and local mining environment.

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Sibanye offers $294 Million for Aquarius in Friendly Deal

Sibanye Gold announced in early October a $294 million cash offer for Aquarius Platinum, following up on an agreement announced a month earlier to acquire the Rustenburg mining operations of Anglo American Platinum (Amplats) on the Western Limb of South Africa’s Bushveld Complex (E&MJ, October 2015, p. 5).

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