Israeli financier Dan Gertler's firm disputes report outlining purchase from Congo state-owned miner of royalty streams from Glencore-owned copper mines.
Africa Mining News
Company is said to have found out about the emails referring to a questionable $10.5m payment to a consultant over the Guinea project more than a year ago, not 'just' in August, as it claimed.
The world’s top diamond producer by value said results were in line with expected seasonal demand patterns.
But US gold mining industry will stagnate says BMI Research in new study.
The EICC and CFSI Launch the Multi-Industry Responsible Raw Materials Initiative (RRMI).
Canada’s Lundin, which owns 24% of Tenke, has finally agreed to sell its stake to a private equity firm from Asia’s richest nation.
Global Witness: Royalty stream from Glencore's KCC copper-cobalt operation transferred to offshore company controlled by Israeli billionaire Dan Gertler.
Speculation is running and some of what is being said strikes at the heart of the culture and values of the company, chief executive officer Jean-Sébastien Jacques said in an internal memo.
Offer came on the heels of Kirkland Lake's move to buy fellow bullion miner Newmarket Gold (TSX:NMI) in an all-stock deal worth about Cdn$1 billion ($764 million).
Safety related stoppages in South Africa take part of the blame for year-on-year fall in production at world's third largest gold miner.
Consolidation in South African's platinum mining sector continued on Friday with Lonmin's decision to buy Amplats' stake in the Pandora platinum mine.
The world's fifth largest gold miner increased production, had stronger cash flows and paid shareholders a dividend in the first quarter of its 2017 financial year.
Amendments aim at streamlining inter-departmental processes and addressing the discretionary nature of certain ministerial powers.
Alan Davies suspended after miner found payments made to consultant in 2011, when he was in charge of the iron ore project.
Countries heavily reliant on their extractive sectors need to step up efforts to lure investors or they will see their infrastructure sectors stalled, warn analysts.
The stock jumped after it announced it had fetched $8.3 million for 1,864 carats of rough diamonds from its Lulo project.
The deal includes a 17% interest in the Port Kembla Coal Terminal, south of Sydney.
"It would of obvious strategic benefit for China to control a major iron ore deposit and add new supply to discipline the market."
While output was down for most commodities it mines and sales, it has improved earnings forecast for its trading unit.
The gold miner also expects to be in a position to increase dividends by the end of the year.
DRC prime minister throws weight behind Chinese buyers of Freeport's controlling stake in Tenke Fungurume.
The Toronto-based gold producer revealed that its net earnings were $2.5 million, or zero a share, in the three months through September.
Orion has revealed further high-grade drilling results from its ongoing diamond drilling program at the historical Prieska Copper Mine.
Graff plans to showcase it around the world before setting it as a jewel.
Artisanal and small-scale mining offers opportunities to generate jobs, reduce poverty, and provide livelihoods, but this sector has been largely ignored by policy-makers and donors, an UNCTAD official said.