The deal requires more than 50 percent approval in a vote by Sibanye investors, in addition to Lonmin’s shareholders’ approval.
Africa Mining News
Platinum miner Zimplats on Friday reported a 94 percent drop in after-tax profit to $2.6 million after incurring a higher deferred tax charge.
Over the past six months, platinum’s price has continued its multi-year decline, falling below $800 – close to its lowest level in a decade.
Operations have resumed at AngloGold Ashanti's Siguiri gold mine in Guinea
Congo is Africa's top copper producer and the world's leading miner of cobalt, which is a key component in electric vehicles and other electronic products.
A strike at AngloGold Ashanti's Siguiri gold mine in Guinea has halts operations.
Botswana's Minergy Limited said on Wednesday it has started construction at its Masama Coal Mine, which is set to be the country's first privately-owned coal mine, following government approval.
Diamond producer, ASX-listed Lucapa Diamond Company Limited (LOM) says the Company has begun to “shine bright” in the world of Special diamonds.
South Africa plans to publish a final version of its new Mining Charter for implementation by November.
Contracts to export over 140,000 tonnes of alumina from China were signed in July amid a favourable price arbitrage.
Kelvin Dushnisky, who leaves Acacia and its parent company Barrick, assumes as South Africa’s AngloGold Ashanti (JSE:ANG) new boss next week.
Anglo American Platinum has signed a contract for Topsoe’s world-leading Wet gas Sulfuric Acid (WSA) sulfur emissions control technology for their platinum smelter facility in Polokwane, South Africa. The WSA technology ensures compliance with environmental regulations and offers a perfect match to the often challenging requirements of metallurgical smelters and roasters and is a proven and cost-efficient technology to control sulfur emissions and produce commercial-grade sulfuric acid that can be sold.
The Polokwane smelter is becoming environmentally friendlier.
Liberia's Senate passed the Land Rights Bill last week after four years of debate. The law recognises customary land rights as equal to private ownership.
In Benin, six tonnes of organic waste are turned into biogas every week.
The country’s gold production fell for a ninth straight month in June as rising costs, aging infrastructure and accidents affect profit and output.
The project, majority owned by a unit of Sichuan Road & Bridge, is a group of four deposits on the outskirts of the capital Asmara.
Sibanye-Stillwater will look for growth in the bullion sector once it has improved its debt levels and outlined a blueprint for improving safety at its gold operations.
Vast Resource is expected to carry out an initial assessment of the Heritage Concession, in the Marange Diamond Fields area.
Deal is for Chevron's local and Botswana assets.
The Mining Promotion Initiative's main goal is to engage the government on industry concerns about the country’s new mining code.
NFC Africa, majority owned by China Non-ferrous Metals Company Limited launched output at a new $832 million Zambian copper mine, extending the firm's lifespan by over 20 years.
Stable power supply and relatively higher metal prices prove beneficial to Zambia's copper industry.
Bullion production grew for nine consecutive years to reach an all-time high in 2017.
Help from Latin America and Southeast Asia.