SA mining companies agreed to postpone a legal challenge to the government’s new industry rules after Ramaphosa said he’s committed to finding a solution.
Africa Mining News
Glencore and Randgold are clubbing together in a bid to stop sweeping legal reforms, claiming their interests were poorly served by the industry body.
Petra was hurt mainly by a strike at its South Africa operations and the blocking of a consignment of diamonds in Tanzania.
Amplats' investment stance highlights the fragile state of platinum mining in South Africa.
New report says "deals in lithium, copper and cobalt are expected to feature high on the agenda of management teams across the industry."
8,126 grams per meter!
Tanzania's top gold producer said in conversations with potential investors over a stake in some or all of its operations in the East African nation.
Output of the steelmaking material reached 366.5 million tonnes last year, boosted by record high productionat Vale's northern system, which composed of its Carajás, Serra Leste and the massive S11D mine.
Artisanal and Small-Scale Mining (ASM) has become a major of revenue for millions of people in about 80 countries worldwide, with more than 100 million people currently depending on the activity for their livelihoods. But at what costs?
New gemstones mining and marketing company is stepping up efforts to kick off operations at some of its key assets and help organize what it calls "a highly disorganized and fragmented industry."
Proceeds from the placing will fund ongoing diamond exploration in South Africa and Botswana, and will also provide the company with additional working capital, the company said.
Mine development stalled under Mugabe, whose policies led to a collapse in the economy and hyperinflation.
As part of Gemfields' philosophy of “total transparency”, the company revealed is facing claims of human rights abuses in Mozambique, where it mines rubies.
A worker died on Monday night while clearing a blocked ore pass at the company’s Driefontein gold operation in South Africa.
The miner has also scrapped its 2017 dividend after full-year core earnings fell by more than a third because of a ban on unprocessed mineral exports in Tanzania.
The largest diamond recovered in the first test run was 6.6 carats.
Even with rising gold prices and a strengthened balance sheet, the world’s largest gold producer left shareholders with the worst returns among its top North American peers last year.
Thor, which is already listed in Toronto's TSX Venture Exchange, will use the proceeds of the new listing mainly to fund its Segilola Gold Project.
The unit of Anglo American said reversal, net of tax and non-controlling interest, was 2.6 billion rand and would be included in its basic earnings.
The three-times delayed $5 million-deal should help the miner dodge bankruptcy for its units in the West African country.
Company has opened negotiations with local people in Ivory Coast in an effort to head off protests at two gold mines where the company aims to boost production by nearly 4% this year.
Namdeb, a 50/50 joint venture between the Namibian government and Anglo American’s diamond unit De Beers, has put its Elizabeth Bay Mine up for sale.
Endeavour Mining Corp. one of the fastest-growing gold producers in Africa, says bigger isn’t always better.
Nation to consider applications from platinum, diamonds mining companies exempted from requirement that they be at least 51 pct owned by black citizens.
Robert Friedland, founder and executive chairman of Ivanhoe Mines, said he would be happy to pay higher taxes if there is stability in Congo's rules and transparency in the accounting of those royalties.