Africa Top Stories

Record bullion prices give South African gold miners a lifeline

The country's gold miners have traded at a discount to…

Teranga’s Wahgnion exceeds planned production by 25%

The company has also raised Wahgnion’s 2020 output guidance to…

Latest Stories

Lonmin says no to takeover bid by Xstrata

Despite market rumours indicating otherwise, South Africa’s platinum producer Lonmin (LON:LMI) rejected Friday a reverse takeover bid by Xstrata (LON:XTA), its unhappy largest shareholder, as it announced a loss before tax of $698 million in the financial year ending in September.

AngloGold mines on the mend – CEO

AngloGold Ashanti (NYSE:AU) CEO, Mark Cutifani, reassured investors on Thursday the firm would turn the corner after several strikes in the mining sector left it with major losses.

Congo to discuss mining code changes with companies

The Democratic Republic of Congo's intentions to increase the government stake in mining projects by 35% will be first discussed with mining companies and also consulted with the World Bank and the IMF, said a source from the country’s ministry of mines.