BCL mine group, which has been under liquidation since 2016, is selling its 51 percent stake in Maibwe Diamonds for an undisclosed amount.
Africa Mining News
Sparsely-populated Botswana is the world's top diamond producer by value.
Sibanye has faced strong criticism from unions, local media and the government after the earthquake at its Driefontein gold mine that killed the miners.
Congo's prime minister wants to immediately implement the new mining code without any concessions to industry demands that key provisions be amended.
Mining companies would have have to contribute 1 percent of their annual turnover to a new community development agency.
The miner's Zimbabwean subsidiary, Zimplats, has released 23,903 hectares of its mining claims to the government.
Area is close to the Venetia mine, operated by De Beers, which delivers around 40% of South Africa’s annual diamond production.
The South African company, which competes with AngloGold , Gold Fields and Sibanye-Stillwater at home, sold 55 million new shares, or 15 percent stake, at 19.12 rand each, an 11.7 percent discount to the closing price on Tuesday.
President Joao Lourenço said changes aim at attracting more investment, increasing production and securing higher government revenue.
The South African Reserve Bank forecasts the economy will expand 1.7 percent this year in 2019 and 2 percent in 2020.
The proceeds will be used to used to pay down part of Harmony Gold's outstanding $150 million bridge loan for the Moab Khotsong mine.
The plant is expected to improve B2Gold’s economic returns, reduce impacts on the environment and become a potential funding source for community development.
Even best-case, mass early roll-out of new cobalt-light batteries won’t solve cobalt supply issues says new report.
Top supplier of battery raw material ups output 34% year on year.
Mines Minister Winston Chitando had last month promised to remove the requirements, which he said caused panic among foreign mining firms.
The decision is a setback for the Swiss commodity trader, which is facing multiple disputes in the central African nation.
The mine has probable reserves of 5 million tons at a grade of 31 carats per 100 tons and inferred resources of 10.3 million tons at 31 carats per 100 tons.
Tharisa would join Karo Resources, founded by mining entrepreneur Loucas Pouroulis, in building the mine.
Sibanye had net debt of 23.7 billion rand ($1.9 billion) at the end of December.
The company, which began operations a year ago, said the move seeks to strengthen its communication with key stake holders and consumers.
Gold mining giants in Ghana such as Newmont, Gold Fields and AngloGold Ashanti welcome new government tests to certify the value of their exports.
Regulations to implement the new code are due to be signed into law next week.
The South African gold producer is setting aside pursuit of new acquisitions for a year as it focuses on its existing operations and nearby prospects instead, the bullion producer's chief executive told Reuters late on Tuesday.
While the global mining industry is quickly becoming more digitally mature, that transformation continues to focus on productivity and profitability, rather than on much needed innovation, a new study shows.
Neighboring Guinea is now China’s largest supplier of bauxite after overtaking Australia in 2017.