The Minerals Council South Africa said it does not support some elements in the latest draft of an industry charter.
Africa Mining News
Gwede Mantashe said that 20 out of 45 mining deaths reported since the start of 2018 have taken place at Sibanye-Stillwater’s mining sites.
A week choc-a-bloc with billion dollar copper, iron ore and cobalt deals ends with huge drop in prices and sell-off in stocks of mining's biggest names.
Glencore reached a deal with Gecamines on Tuesday to end a legal dispute over Kamoto Copper Co.
The charter produced in 2017, drafted by previous Minerals Minister Mosebenzi Zwane, threatened as many as 100,000 jobs.
Agreeing a new version of the charter is seen as instrumental to securing further investment in the mining sector.
Glencore says its subsidiaries will pay Gertler what he’s owed, only the funds will be transferred in euros and U.S. citizens won’t be involved.
The Swiss firm will make mining royalty payments to Dan Gertler in euros so that it doesn’t fall foul of US sanctions, which were placed on the Israeli billionaire last year.
Heavily in debt and with dwindling output, Gecamines has long complained about its joint venture terms.
The plant would form part of a larger Grand Inga hydropower complex spanning the Congo River.
Decision gives 18 months more than planned to the operation, which would result in additional production of 470 million pounds of zinc and 52 million pounds of copper during that period.
Shareholders approved the discounted rights issue at a special meeting in London held Wednesday.
It gives the company access to 23,903 hectares of land in the country Great Dyke, which has a potential for 96 million ounces of platinum and palladium.
After six months of lobbying, companies including Glencore and Randgold Resources have got nowhere in their battle to push back against a new mining law that voids existing agreements and increases their costs.
Vedanta's Deshnee Naidoo told Reuters, adding that KCM is on track to produce 400,000 tonnes of copper a year in the next few years.
Search for the fifth miner continues.
Ensuring that women benefit equally to men from the mining of high value minerals, like gold, is a problem in African countries that are harnessing mineral resources to improve development.
Project is expected to extend Fort Knox mine life to 2030 and generate 17% internal rate of return (IRR) at a low capital cost.
Massawa was discovered by Randgold in 2007 and is one of the larger undeveloped gold deposits in West Africa.
The labor group calls for an increase in benefits ranging from severance pay to transport costs and longer maternity leave.
CITIC Metal will own 20% of the Canadian miner, which makes its biggest shareholder.
The fully automated underground section of the mine is scheduled for commissioning in late 2018.
Code sets Congo on collision course with mining firms.
Congolese-American businessman and convicted fraudster Charles Brown claims he's owed $1 billion in compensation for a 19% stake he previously held in Mutanda Mining, and which Glencore allegedly sold in two fraudulent transactions, in 2007 and 2012.
Are the dark days for platinum set to last?