July 25, 2019

Billionaire Anil Agarwal sells Anglo stake

Volcan was Anglo American's biggest shareholder, with a nearly 20% stake.

July 25, 2019

Diamond market weakness prompts De Beers to curb supply

The move comes as trade tensions between the US and China pushed earnings down 27% in first-half of the year.

July 25, 2019

Firestone meets annual production targets despite market weakness

The miner dug up 829,458 carats in the fiscal year ended June from Liqhobong, in Lesotho, which is its only operating mine.

July 24, 2019

Chinese firms to build gold smelter, refineries in Tanzania

The government said it had set up 28 mineral trading centres since March to improve revenue collection from small-scale miners.

July 23, 2019

RANKED: Top 10 lowest cost gold mines in the world Q1

Average all-in sustaining costs (AISC) incurred by gold miners rose from $988/oz in Q4 2018 to $1,000/oz in Q1 2019.

July 23, 2019

Zambia presses on with liquidating Vedanta unit assets despite ruling

Mines Minister Richard Musukwa said foreign judgments are not enforceable in Zambia until they are registered in local courts.

July 23, 2019

Boart Longyear receives B-BBEE certification, achieving fully compliant Level 4 contributor status in South Africa

Boart Longyear’s Level 4 status was achieved through its ratings on ownership, management, skills development, enterprise, supplier and socio-economic development.

July 23, 2019

South African court blocks Zambian plan to sell Vedanta copper mine

Zambia's Mines Minister Richard Musukwa said the government had advised its attorneys in South Africa to appeal the judgment.

July 22, 2019

Amplats earnings jump, warns against unsustainable wage hikes

The majority union in the platinum sector has demanded a hike of $1,145 per month, or around 48%.

July 22, 2019

Guinea seeks developers for Simandou iron ore deposit

Companies until Aug. 2 to outline their bids, as the country seeks to revive interest in the world's largest undeveloped iron ore deposit.