May 17, 2019

Zambian president threatens Glencore, Vedanta with ‘divorce’

The threat marks an escalation in tensions between the mining industry in Africa’s second-biggest copper producer and the state, after an increase in royalties and plans to introduce new taxes.

May 17, 2019

South African court clears way for Sibanye’s acquisition of Lonmin

The transaction would create the world’s No.2 platinum producer as Lonmin is the world’s third-largest while Sibanye-Stillwater is the fourth.

May 17, 2019

Diamond Fields and Denham Mining join forces at Beravina zircon project in Madagascar

Beravina is a hard rock zircon deposit with a NI 43-101 Inferred Mineral Resource estimate of 1.5 million tons at 22.7% zircon (ZrSiO4) equivalent to 15.3% ZrO2.

May 17, 2019

Billionaire Friedland close to deal with BHP on Guinea iron ore

If successful, talks will see him move to develop the Nimba deposit on Guinea’s border with Liberia, which has sat undeveloped for years.

May 16, 2019

Sibanye-Stillwater plans to resume dividend payments in 2020

The company also expects to halve the amount of job cuts previously announced in the gold division to around 3,000.

May 16, 2019

Gold miner sues Zimbabwe central bank for not paying in dollars

Zimbabwe’s biggest gold producer sued the country’s central bank for $132m because it has been paying for the metal in a local quasi-currency rather than US dollars.

May 16, 2019

De Beers, Namibia to spend $468m on world’s first custom-built diamond searching ship

The new vessel is expected to add about 500,000 carat a year of production capacity to Debmarine Namibia, a 50/50 joint venture between De Beers and the African nation's government.

May 15, 2019

Army puts backers off multibillion-dollar Zimbabwe platinum mine

A plan to build Zimbabwe’s biggest platinum mine at a cost of about $4 billion is floundering because a military stake in the project has deterred potential backers.

May 15, 2019

Platinum firms gear up for tough South Africa wage talks

A rise in producer profits is likely to provoke higher wage demands from labour unions including the militant AMCU.

May 15, 2019

Lonmin likely to cut fewer jobs due to revenue boost – CEO

Higher prices for a basket of Lonmin's metals and a weaker South African rand helped the London-listed miner to an annual pre-tax profit in 2018, its first since 2013.