August 22, 2017

Glencore’s Zambian unit may shed 4,700 workers on power shortages

Mopani Copper Mines, Glencore’s Zambian unit, said on Tuesday it may lay off nearly 5,000 workers due to a dispute with its […]

August 21, 2017

Costs related to layoffs, lawsuit, take toll on AngloGold results

The miner, Africa's biggest gold producer, reported a loss of $176 million in the six months to June 30, compared to a profit of $52 million in the same period…

August 18, 2017

AngloGold Ashanti revives plans to spin off South Africa mines – Reuters

Should the spinoff happen, AngloGold would be the latest miner to reduce exposure to South Africa, where political instability, controversial new mining rules and a stronger rand have made it…

August 18, 2017

Zimbabwe tightens screws on miners’ export earnings in forex crunch

The country's Reserve Bank has ordered platinum and chrome miners to surrender 80 percent of their export earnings to the central bank as the country struggles to contain a crippling…

August 17, 2017

S.Africa’s Harmony Gold eyes acquisitions after FY earnings rise

South African miner Harmony Gold reported a 35 percent rise in full-year profit on Thursday and said it will look at growth, exploration and acquisitions to meet its 2019 production…

August 17, 2017

With Congo finances collapsing, desperate government has few options

Democratic Republic of Congo's government seeks to head off a collapse in national finances that is hitting the economy.

August 17, 2017

South Africa’s Sibanye Gold flags H1 earnings per share loss

South Africa's Sibanye Gold flagged up a first-half earnings per share loss on Thursday, citing provisions worth 1.1 billion rand ($84 million) for a possible settlement with miners who contracted…

August 17, 2017

De Beers partners with Stanford Graduate School of Business to empower youth and entrepreneurs in southern Africa

De Beers Group today announced a US$3 million investment in a three-year partnership with Stanford Graduate School of Business (GSB) to empower young, aspiring entrepreneurs and established business owners in…

August 17, 2017

Onerous procurement requirements of S. Africa’s 2017 Mining Charter to hit suppliers

While suppliers are not required to comply with the 2017 Charter, the procurement targets for Holders indirectly require them to meet such targets to remain competitive.

August 17, 2017

Gem Diamonds mulls sale of halted Botswana mine as half-year revenue falls

The miner said it remains cautious about the state of the global market for both rough and polished diamonds, noting that financing challenges persist.