The South African firm has secured control of the gemstones producer and plans to delist it.
Africa Mining News
Metso investing $4 million in crusher wear parts manufacturing in Africa to meet growing demand from miners
Metso is increasing its manufacturing capacity for large crusher wear parts castings used in minerals processing by investing in a second melting furnace at the Isithebe foundry in South Africa. The EUR 3.5 million (almost $4 million) investment will ensure the availability of Metso’s heavy crusher wear parts globally.
Expansion opportunity comparisons for Africa have been likened to the growth stories of China or India at the infancy of their economic transformations
Manufacturers of products ranging from batteries to electronic devices, and wind turbines to hybrid cars, are scouring the world to secure critical supplies of rare earths
The company, which has been present in the south-eastern African country for more than a decade, says that by 2021 will be producing 3,000 tonnes of rare earths per year.
Pala Investments Limited, a multi-strategy investment company focused on the mining and metals value chain, is pleased to announce the closing of its investment in Cobalt 27 Capital Corp. in connection with Cobalt 27's public offering of 22,222,225 common shares in the capital of Cobalt 27 on June 23, 2017.
Gemfields has been at the centre of a bidding war between the South African private equity group and Fosun Gold, a unit of Fosun International.
Jeweller completes first export of responsible & conflict-free artisanal gold from Eastern Congo to Canada
First time any consumer good will be made out of conflict-free artisanal gold from Congo that is fully traced from mine to consumer
Hundreds of villagers near the North Mara gold mine in Tanzania invaded the mine for several days last week in an attempt to steal gold ore.
The Democratic Republic of Congo has all the ingredients of a sustainable mining industry but the development of that potential will require a mutually beneficial partnership between the country’s government and the mining sector.
South Africa-listed Pallinghurst now needs just 60% of Gemfields’ shareholders to back its unsolicited takeover offer.
The precious stones miner has recommended shareholders to accept offer, despite considering it “unfair.”
It’s a buyer’s market—if you know what you’re looking for.
Workers at the mine downed tools over a week ago, angered by the company’s actions to eradicate illegal miners from its operations.
The country will require local miners to be 30% black-owned and has set a 12-month deadline for them to comply with the new rules.
Them mv SS Nujoma is the sixth diamond exploration vessel to join the fleet of Debmarine Namibia, a 50/50 joint venture between the government of that African country and De Beers.
It sold $54.8 million worth of rubies, a record high for any Gemfields auction and a 24% increase in revenue from the previous record.
Barrick confirmed chairman John Thornton met President John Magufuli for talks Wednesday, but didn't mention the details of what, if anything, had been agreed.
Gemfields, which mines for emeralds and amethysts in Zambia and for rubies in Mozambique, had already received a buyout offer from largest shareholder Pallinghurst Resources.
Cyclone Debbie forcing Asian steelmakers to diversify supply – Mozambique could be big beneficiary.
The growing market for electric vehicles will significantly impact demand for copper over the next decade, according to new research commissioned by the International Copper Association.
Government accused the gold miner of operating illegally in the country and said it has been evading taxes.
The last time Gem Diamonds had had made a significant discovery at its Letšeng mine before April this year was in 2015.
Is the bad and the ugly over and the good returning to the mining industry? PwC seems to think so.
Stuart Chambers, 61 and former chairman of UK chip designer Arm, will join Anglo as a non-executive director in September, replacing Parker in November.