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.

May 15, 2019

Ivanhoe Mines secures full financing for first two mines in Congo

Ivanhoe can now finance Kakula and Kipushi mine to commercial production, and significantly advance, or achieve, production at the company’s Platreef Project in South Africa.

May 14, 2019

Barrick Gold prepping sale of Zambian copper mine in H2

The world's second largest bullion miner is preparing its Zambian copper mine Lumwana for sale in the second half of 2019, looking to target Chinese buyers.

May 14, 2019

South Africa’s Kumba Iron Ore sees higher H1 headline profit

The company said on Tuesday first-half headline earnings is expected to rise at least 160%, boosted by higher iron ore export prices and a weaker rand/US dollar exchange rate.

May 14, 2019

White Metal to purchase four copper properties in Namibia

The licenses the miner is acquiring cover historical copper-silver resources in the Kalahari Copper Belt and the Kaoko Belt.

May 14, 2019

Petra Diamonds fetches $15m for 425-carat legacy diamond

The exceptional D colour Type IIa gem was recovered in March from the company’s iconic Cullinan mine, the same that yielded the biggest diamond ever in 1905.

May 13, 2019

South Africa’s golden age is dead. Good riddance — opinion

The gold mining industry that built South Africa and produced about half of the yellow metal that’s ever been dug up seems now to be in terminal decline.

May 13, 2019

Zimbabwe faces worst power cuts in 3 years, mines hit

The power cuts started on Monday and would last up to eight hours during morning and evening peak periods.

May 13, 2019

B2Gold to produce 5m ounces of gold at Mali mine after $50m expansion

Average annual gold output would increase to more than 550,000 ounces in the five-year period 2020 – 2024, and over 400,000 ounces during the remaining seven years.

May 10, 2019

South Africa’s competition court to rule on Sibanye and Lonmin merger

The Association of Mineworkers and Construction Union (AMCU) lodged its appeal in protest against job cuts related to the deal.