Should the spinoff happen, AngloGold would be the latest miner to reduce exposure to South Africa, where political instability, controversial new mining rules and a stronger rand have made it less attractive to operate.
Africa Mining News
The country's Reserve Bank has ordered platinum and chrome miners to surrender 80 percent of their export earnings to the central bank as the country struggles to contain a crippling dollar note shortage.
South African miner Harmony Gold reported a 35 percent rise in full-year profit on Thursday and said it will look at growth, exploration and acquisitions to meet its 2019 production targets.
De Beers partners with Stanford Graduate School of Business to empower youth and entrepreneurs in southern Africa
De Beers Group today announced a US$3 million investment in a three-year partnership with Stanford Graduate School of Business (GSB) to empower young, aspiring entrepreneurs and established business owners in Botswana, Namibia and South Africa.
While suppliers are not required to comply with the 2017 Charter, the procurement targets for Holders indirectly require them to meet such targets to remain competitive.
The miner said it remains cautious about the state of the global market for both rough and polished diamonds, noting that financing challenges persist.
The government owes mining companies about $700 million in VAT reimbursements from before last year's suspension.
The deal comes after a trip by the Guinean mines minister, Abdoulaye Magassouba, to China and follows other major Chinese investments in the resource-rich West African nation.
Israeli diamond billionaire Beny Steinmetz, four others, in custody of Israeli police on suspicion of fraud, forgery, obstruction of justice and bribery.
In an exclusive Critical Resource Q&A, leading mining entrepreneur Ross Beaty gives his investment tips, puts the boot in on the Trump agenda, and calls for more renewables and less consumption to avoid ecological collapse.
Zambia's state power company made the decision amid an ongoing dispute over the implementation of new electricity tariffs in the country.
ArcelorMittal South Africa is considering job cuts and restructuring to save costs in a challenging global steel market and recession at home, it said on Tuesday.
The diamond miner decided to offload those units to focus on its Tongo-Tonguma project in Sierra Leone, which has the potential to generate earnings of $45 million a year.
Total in-situ are earth oxides are estimated to be in the range of 47 to 67%.
Glencore's Zambian Mopani Copper Mines unit suspended operations in certain areas on Saturday after the Copperbelt Energy Corporation (CEC) restricted power supply to its sites in both the Kitwe and Mufulira regions.
Researchers worked out a way for a canola oil polymer to trap mercury metal, mercury vapour and organo-mercury compounds
Platinum miner Lonmin Plc said on Monday it would cut costs and sell some assets, including processing capacity of up to 500,000 ounces per year, as it battles to overcome a weak market and to preserve jobs.
Workers call the situation "a jobs bloodbath"
Chalkstone was born out of counter-insurgency tactics used by troops in Afghanistan, but its unique methodology is now being used by miners, which can map-out power structures and counter the potentially crippling risk of strikes and political opposition.
The company that unearthed the world's second-largest diamond but has so far failed to sell it, is mulling a partnership to sell the giant stone if a buyers is not found within the next six to eight weeks.
South Africa's mineral resources department has withdrawn its plan to impose a moratorium suspending the issuance of new mining and prospecting rights, which had drawn a court challenge by an industry group.
The Fireye range of flame monitoring and combustion control equipment for industries as diverse as petrochemical and power generation is now available from HMA South Africa, the newly-appointed exclusive distributor for the region.
The Canadian diamond miner now expects to produce between 265,000 carats and 285,000 carats, compared with the previously targeted 290,000-310,000 carats.
South Africa's Sibanye Gold will restructure operations in its domestic market, a move that could affect 7,400 of its employees, the gold and platinum miner said on Thursday.
The buyer, Perth-based Red 5, is also acquiring Saracen Mineral Holdings' King of the Hills mine.