Mining

African Aura Mining, the new name by which Mano River Resources is known following the completion of a merger late last year, is a Toronto/London listed gold and iron ore development company considered to have excellent earning prospects in both Liberia and Cameroon.

Last year’s metals recovery affected local copper and gold producers most, interest in base metals and SA coal was high, and only African diamond miners really suffered throughout the period.

Australian-listed OM Holdings has signed a R430mn deal with South African black-empowered company Ntsimbintle Mining for a new manganese mine to be built in the Northern Cape.

Caterpillar has developed a new hardened steel Quarry Body for select models of Cat trucks to extend wear life and decrease cost per ton in appropriate applications.