December 5, 2016

Kumba receives the 2016 ET Carbon Disclosure Leader award

Kumba Iron Ore, a business unit of Anglo American has been named as one of the Carbon Disclosure Leaders for 2016 by Engaged Tracking (ET) Index Research and the only…

December 5, 2016

New Islamic banking rules make gold an accepted investment

Transactions must be fully backed by physical metal and settled on the same day to observe Islam's distinction between real economic activity and speculation.

December 5, 2016

Gold’s slim price recovery this year boosts supply fears

Situation has worsened as a result of a shortage of new discoveries, cost cutting measures and miners digging out higher-grade material for a short-term gain, say experts.

December 4, 2016

New $264m Zimbabwe platinum mine to last 34 years 

Completing the $264-million mine will boost the platinum reserves of Zimplats from 3 million to 9 million ounces.

December 2, 2016

Cameroon involved in Central African ‘conflict diamonds’ trade — report

Cameroon is allowing conflict diamonds from the Central African Republic to cross over its borders and into the legal supply chain due to poor controls, smuggling and corruption, a new…

December 1, 2016

Gemfields postpones emerald auction over India’s ‘demonetization’

The auction of emeralds from the miner's Kagem operation in Zambia will now be in February.

December 1, 2016

Norilsk Nickel launches legal action against BCL over non-payment for African asset sale

A legal claims against BCL in the Botswanan courts and in the London Court of International Arbitration to recover the USD 271.3 million

December 1, 2016

Glencore to resume dividend in 2017 as debt reduction on track

Soaring coal prices have helped Glencore, the world’s biggest provider of the thermal kind, straighten its balance sheet.

November 30, 2016

Phosphate mining firms set sights on Southern Africa’s sea floor

Southern Africa finds itself at the center of the offshore bulk sediment mining debate as international companies rush to strip mine phosphate deposits in coastal waters of South Africa and…

November 28, 2016

SEC said to be probing Rio Mozambique coal deal

World number two miner acquired Southern African coal assets for $3.7 billion in 2011 – sold it for $50 million three years later.