De Beers’ Namibia venture puts mine up for sale, at least 130 jobs to go
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.
Latest Stories
Gold price: Value of ETF bullion tops $100 billion for first time in 5 years
New report shows money continues to pour into gold-backed exchange traded funds with North American investors responsible for 75% of January inflows.
Former millwright suing Copper Mountain for wrongful dismissal
Gordon MacMillan filed a notice of civil claim, claiming “harassment and bullying permeated all levels of the defendant’s organizational structure.”
Political shifts lift investor mood in southern African mining
Mining is a long-term game, but in southern Africa dramatic political changes have transformed the investment mood for the better in the space of a year.
African gold miner Endeavour would rather be agile than huge
Endeavour Mining Corp. one of the fastest-growing gold producers in Africa, says bigger isn’t always better.
Zimbabwe to consider waivers on platinum, diamonds ownership law
Nation to consider applications from platinum, diamonds mining companies exempted from requirement that they be at least 51 pct owned by black citizens.
Copper steadies, iron ore price climbs on blockbuster Chinese imports
Chinese traders chase copper concentrate and iron ore cargoes lifting January import volumes 25% and 19% over already record-breaking 2017.
South Africa’s Gold Fields says headline earnings to fall up to 12 pct
The miner flagged headline earnings per share of $0.23 to $0.26 per share for the year ended Dec. 31, 2017.
Mining boom delivers record resource export revenues for Australia
Trade data from AUS Bureau of Statistics has confirmed importance of the mining industry to Australian economy and continuing benefits of the mining boom.
