Matthew Hill

Potential diamond mine buyers few, says Harry Winston boss

5th April 2012 There is a “narrowed field” of potential suitors for diamonds mines, owing to the complexities of the market, Canada’s Harry Winston chairperson and CEO Robert Gannicott said on Thursday. “It’s not easily undertaken by someone who is just a financial investor... I think a role is required, at... →

CIC Energy sells C$10m stake to Vitol

27th March 2012 Shares in CIC Energy, hoping to build a coal mine and power station in Botswana, rose on Tuesday after the company agreed to sell a 9.1% stake to Geneva-based energy trader Vitol for C$10-million, or C$1.90 a share, representing a 79% premium to the company's closing price on the TSX the previous... →

Canadian uranium ownership policy to remain for now: Oliver

6th March 2012 Foreign-owned uranium companies hoping to build uranium mines in Canada, including diversified giant Rio Tinto and Australia’s Paladin Energy might be disappointed that the federal government still has no plans to change a policy that restricts production of the nuclear fuel to majority owned... →

Economic jitters haven't frozen mining credit - HudBay's Garofalo

10th August 2011 As markets continued to sway on Wednesday, base metals producer HudBay Minerals CEO David Garofalo assured investors that there had been no credit freeze for mining companies with good projects. His company may raise $400-million to $500-million in debt to build the Constancia copper mine in... →

HCI Khusela eyes first production from SA coal mines this month

2nd July 2008 Coal junior HCI Khusela Coal (HKC) would begin production from its first two mines this month, after the Department of Minerals and Energy granted it mining rights, it said on Tuesday night. The company would invest some R300-million into the development of its Palesa mine, near... →

SA’s golden era as one of world’s top gold producers ending

31st January 2008 South Africa’s gold mining production could drop to levels below the 200 t mark this year, levels last seen about 100 years ago, owing to the power crisis that is set to plague it deep into the year. This information came after reports that China swiped South Africa’s long-held title... →

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