October 23, 2017 Platinum miner Lonmin to cut over 1,000 jobs in South Africa South Africa's Solidarity union cites low commodity prices and rising costs as two main factors behind the job cuts.
October 23, 2017 Petra Diamonds revenue takes hit from Tanzania crackdown Petra Diamonds Ltd's first quarter revenue fell by 17 percent after Tanzanian government last month seized consignment of diamonds from its Williamson mine.
October 20, 2017 Acacia Mining takes further revenue hit, reviews Barrick-Tanzania deal Chief Financial Officer Andrew Wray said the company doesn't even have the ability to make the upfront $300 million payment Barrick has promised to the government of Tanzania as part…
October 19, 2017 Vale’s iron ore output hits another record Iron ore production rose 3.3% compared with the same period last year to hit a fresh quarterly record of 95.1 million tonnes.
October 19, 2017 Barrick to give Tanzania stake in mines, $300 million to end dispute The deal does not mean Tanzania will immediately lift the demand for Barrick's subsidiary Acacia Mining to pay $190 billion in allegedly unpaid taxes.
October 19, 2017 Anglogold Ashanti to raise $307 million with South African mine sales It will sell its newest mine to Harmony Gold for $300 million and another mine for 100 million rand ($7.4 million) to China's Heaven-Sent SA Sunshine Investment Company.
October 19, 2017 Robben Island solar microgrid demonstrates power of renewable energy for South African communities SOLA Future Energy has succeeded in designing and constructing a solar energy microgrid for Robben Island.
October 17, 2017 SEC charges Rio Tinto, former top executives with fraud Lawsuit against ex-CEO Tom Albanese, CFO Guy Elliott centers on $3.7 billion acquisition of Mozambique coal assets in 2011 later sold for just $50m.
October 17, 2017 Proceeds from massive diamond found by pastor to go to Sierra Leone’s poorest Over 50% of the proceeds will be used to fund clean water, electricity, school, medical facilities, bridges and roads, none of which are currently available in the village of Koryardu,…
October 16, 2017 Sibanye scraps planned closure of loss-making South African mines Precious metals miner said its platinum group metals (PGM) operations had delivered "solid operational results" in the first-half of 2017, prompting an upward revision to its 2017 production forecast and…
Codelco, SQM seal lithium venture in Chile’s Atacama desert NovaAndino Litio, the venture, will control all lithium exploration, production and sales in the Atacama salar until 2060. December 27, 2025 | 09:38 am
