Amplats sells stake in two mines to rival Sibanye-Stillwater

The Anglo American unit is selling its 50% stake in the Kroondal and Marikana platinum group metals mines in South Africa for just 1 rand ($0.0643).

Cecilia Jamasmie | January 31, 2022 | 7:03 am

Deal gives Perseus indirect access to Orca Gold's Block 14 project in Sudan and Montage Gold's Kone asset in Côte d’Ivoire.

Cecilia Jamasmie | January 31, 2022 | 3:49 am

Teck Resources’ QB2 to cost up to $500m more than planned

It estimates the covid-19 pandemic will impact the expansion project's cost by $900 to $1.1 billion, up from the $600 million anticipated.

Cecilia Jamasmie | January 28, 2022 | 7:55 am

The company’s 20-year-old presence in the stock draws to a close, as part of a plan to simplify its corporate structure.

Cecilia Jamasmie | January 28, 2022 | 3:55 am

It saw 2021 production jump by 29% to 32.3 million carats, as the miner boosted output to meet recovering demand.

Cecilia Jamasmie | January 27, 2022 | 6:52 am

It expects to produce between 680,000 and 760,000 tonnes in 2022, as the giant copper mine in Peru begins operations mid-year.

Cecilia Jamasmie | January 27, 2022 | 4:35 am

The miner said labour absences fuelled by the latest covid-19 variant would have a greater impact on production than anticipated.

Cecilia Jamasmie | January 26, 2022 | 7:01 am

The companies have partnered up to extract cobalt, lithium carbonate and nickel hydroxide from recycled battery materials.

Cecilia Jamasmie | January 26, 2022 | 3:49 am

The mines, in Barrick's hands since late 2019, delivered a combined output of over 500,000 ounces of gold last year.

Cecilia Jamasmie | January 25, 2022 | 6:28 am

The fresh funds will be used for moving the Omagh gold project in Northern Ireland into production and for working capital, the company said.

Cecilia Jamasmie | January 25, 2022 | 4:03 am