May 10, 2024

Sibanye seeks to loosen borrowing restrictions as earnings plunge

Sibanye CEO Neal Froneman said in the update that declining earnings could impact the company's debt covenants.

May 10, 2024

Rio Tinto has not ruled out bid for Anglo American — report

While Rio has a smaller market capitalization than rival BHP, it's large enough to make an all-share offer for some or all of Anglo American.

May 10, 2024

Lucara Diamond records strong quarter at Karowe mine

Key milestones, including the recovery of high-quality diamonds at the Botswana mine and a new long-term sales deal, contributed to the results.

May 9, 2024

Montage Gold receives environmental OK for Koné project, mine permit expected in H2

Koné is regarded as one of the highest quality gold projects in Africa.

May 9, 2024

Botswana vows to protect interests in potential BHP-Anglo deal

Botswana has not been formally approached by either BHP or Anglo.

May 9, 2024

South Africa wins battle for $43 million in sunken silver bars

British exploration firm Argentum cannot claim compensation for recovering the silver found amid the wreckage of the SS Tilawa ship.

May 8, 2024

Lab diamonds just won a battle, not the war

Despite the hype, man-made diamonds only account for 20% of global diamond jewellery sales and analysts expect their price to fall.

May 8, 2024

B2Gold’s Goose project in Nunavut delayed to mid-2025

B2Gold now expects to pour first gold at the Nunavut mine in the second quarter of 2025, ramping up to full production by year-end.

May 7, 2024

Leo Lithium sells Mali project stake to Ganfeng for $342 million

A new mining code in Mali means the government's potential stake in the Goulamina project will likely rise to 30% from 20% previously.

May 7, 2024

South African unions urge Anglo holders to reject BHP bid

BHP’s proposal includes a plan for Anglo to spin off its Johannesburg-listed platinum and iron ore units before an eventual takeover.