Moolmans secures R10.6 billion contract for Gamsberg Mine

Aveng’s mining subsidiary, Moolmans, has secured a 60-month, R10.6 billion (A$911 million) contract with Black Mountain Mining (Pty) Ltd, jointly owned by Vedanta and Exxaro Resources, for the Gamsberg Mine in the Northern Cape, South Africa. Moolmans will significantly increase contracted volumes, supporting Black Mountain Mining’s growth strategy. A dedicated team will oversee the ramp-up […]

AVENG RELEASES INTERIM FY25 RESULTS

CONTINUED COMMITMENT TO SUCCESS OF BUSINESS SEGMENTS SALIENT FEATURES Revenue of A$1.4 billion (R16.6 billion); December 2023: A$1.5 billion (R18.6 billion) Operating loss before capital items of A$31.0 million (R356 million); December 2023: A$15.5 million (R192 million) earnings Operating loss before capital items includes A$76.7 million (R885 million) for losses on J108 and Kidston projects. […]