October 23, 2022

Giant gold mine in South Africa emulates Toyota to boost profit

Gold Fields looked at Toyota’s processes in a bid to turn South Deep into a so-called tier 1 mine.

October 22, 2022

Barrick to expand East African footprint following positive results at North Mara, Bulyanhulu gold mines

Barrick plans to expand its East African footprint using the North Mara and Bulyanhulu gold mines in Tanzania as a foundation for this endeavour.

October 21, 2022

Gold Fields acquisition target Yamana assets valued at $6-$8 billion – CIBC

An independent evaluation by CIBC has put Yamana's mineral assets at between $6 billion and $8 billion, in line with Gold Fields' initial offer price.

October 21, 2022

Rare pink diamond of 170 carats to go on sale this month

The 170-carat “Lulo Rose” may be the largest recovered in the last three centuries, Lucapa Diamond said in July.

October 21, 2022

Paladin Energy adds more offtake orders ahead of Langer Heinrich restart

Langer Heinrich uranium mine in Namibia to restart by the first quarter of 2023.

October 21, 2022

DRC improves extractive sector transparency but more needed – anti-graft body

The DRC has published around 200 contracts and related documents in the last two years.

October 21, 2022

South Africa’s Treasury to trim budget deficits further on mining royalties

Barclays' economist Michael Kafe said revenues were on track to exceed budgeted estimates and part of the windfall would be allocated to the public wage bill.

October 20, 2022

Namibia, EU reach provisional deal on rare earth minerals

"In principal we have agreed on conditions, whatever the materials, we are going to process them here," mines and energy minister said.

October 20, 2022

Suspected Islamist militants attack ruby mine in northeastern Mozambique

The raid took place on an operation 12 kilometres southeast of Gemfields’s 75%-owned Montepuez Ruby Mining.

October 19, 2022

South Africa’s EV dream threatens $8.5 billion in climate aid

South Africa is the world’s 13th-biggest source of greenhouse-gas emissions and relies on coal for more than 80% of its electricity.