July 9, 2018

2,500 job cuts weren’t enough for world’s no. 2 platinum miner

Implats isn’t the only one facing difficulties, with about half of the industry’s production estimated to be unprofitable.

July 9, 2018

Tiger Resources’ $260M Congo asset sale to Chinese firm collapses

Tiger expects to release a new Life of Mine Plan for the assets in 6-8 weeks.

July 8, 2018

South Africa mines minister delays finalisation of draft mining charter

Uncertainty around the charter has deterred investment into a sector that accounts for 8 percent of gross domestic product in the world's top platinum producer.

July 6, 2018

Zambia delays projects to cut debt and woo IMF back to talks

The IMF has warned the southern African nation is at high risk of debt distress, while investors have grown skeptical about the amount of external loans.

July 6, 2018

Barrick’s Acacia Mining keeps suffering from Tanzania row

Gold production for the three months to June dropped 36% to 133,778 ounces as operations at two its three mines - Bulyanhulu and Buzwagi – were scaled back.

July 5, 2018

First Quantum given time to solve $7.9 bn Zambian tax row

First Quantum, which operates the Kansanshi and Kalumbila mines in the country, accounted for more than half of Zambia’s copper production last year and is the biggest individual taxpayer.

July 5, 2018

Thermal coal prices hit 6-year high

Seaborne price for coal used in electricity generation scales $120 a tonne as South Africa diverts exports for domestic use and Asian demand spikes.

July 5, 2018

Finds at Lucapa’s Lulo project jump on record mined diamonds

Production at Lucapa's 40%-owned Lulo project, in Angola, rose 20% during the June quarter.

July 5, 2018

S. Africa seeks re-opening of shuttered mines to boost economy

Mineral Resources Minister Gwede Mantashe believes mines on care and maintenance are bad for the economy.

July 5, 2018

Petra Diamonds sells stake in Kimberley Ekapa JV for $22 million

The Kimberley Ekapa joint venture focuses on mining in the South African town of Kimberley.