This second major cash injection brings the Chinese miner's total investment in Ivanhoe to $1 billion, which gives the Canadian company the equity cushion required to build its massive Kamoa-Kakula copper mine.
Africa Mining News
AMCU, one of the largest trade unions in South Africa's mining sector, has thousands of members at gold and platinum mines.
After almost three years of rating the mining giant’s stock as overweight, JPMorgan downgraded it to neutral on Wednesday.
The document divides operations into six levels, from zero (entirely manual) to five (fully autonomous), and assists in the preparation of a business case for autonomous mining, depending on level and needs.
Decision was made to give more artisanal and small-scale miners (ASM) the opportunity to benefit from the program, which helps them trace route of their diamonds throughout the supply chain.
Tsingshan signed a $1 billion outline agreement to build a 2 million tonne-per-annum steel plant in Zimbabwe in June last year.
The announcement came as the London Metal Exchange (LME) launched an initiative under which it could ban or delist brands that are not responsibly sourced by 2022.
The initiative could see it ban or delist brands that can’t prove they are responsibly sourced by 2022.
The move will hand Alpha Conde more authority over the country’s holdings in some of the world’s biggest bauxite deposits.
A ship loaded with 23,000 tonnes of ore set sail for China Friday, where it will be processed for a European buyer.
Drilling is set to begin April 24 on multiple exploration targets.
The find is the third Type II D-colour gem-quality diamond weighing more than 100 carats recovered since March and the fourth such rock discovered in the current financial year.
Niron Metals, an investment vehicle co-founded and headed by Davis, has struck a deal with Liberia allowing it to use a rail and port to export iron ore from Guinea's Zogota iron ore deposit.
Jeff Gerard named to the top job, taking over from Danny Callow.
Consolidated gold production was 230,859 ounces, 6% (12,704) ounces above budget.
The southern African nation has the second largest platinum deposits after South Africa.
Last month, Managem reported a 16% drop in 2018 revenue after metal prices fell on international markets and its Bakkoudou gold mine in Gabon closed.
The company, South Africa's largest gold producer, has run up losses of about 1.6 billion rand ($114 million) and about 110,000 ounces of missed gold output because of the labour action.
The restart of operations follows a refurbishing process designed by new operator CNM back in 2014.
Botswana's state-run Okavango Diamond Company has unveiled what is believed to be the largest blue diamond ever discovered in the southern African country.
A $565m funding package brings Cupric Canyon Capital one step closer to turning its Khoemacau project into a major copper and silver mine in northwestern Botswana.
Lead battery-powered energy storage highlighted by research consortium’s online map.
Rapaport says the model should guarantee that government diamond revenue provides vital infrastructure to the communities where the diamonds are found.
Opponents to mining projects in South Africa are often harassed, threatened and sometimes even killed, according to a report by a group of human rights advocates including Human Rights Watch.
United Nations officials and atomic regulators are poised to loosen rules on the industry, unlocking finance to take more radioactive material out of the ground without corresponding new checks.