GHANA is drawing up its most extensive rewrite of mining rules in twenty years – a move that would sharply cut how long companies can run mines in Africa’s top gold producer before having to renew ...
KENMARE Resources downgraded its ilmenite production forecast for this year owing to delays at a $341m project aimed at accessing a new section of the company’s Moma mine in Mozambique. The UK-listed ...
ANGLO American said its 85%-owned De Beers may cut diamond production further owing to a deterioration in second quarter market conditions. “Trading conditions became more challenging in the second ...
CRYPTOCURRENCY company Tether Holdings has amassed approximately 140 tons of gold worth $23bn in a Swiss nuclear bunker, making it the world’s largest known private bullion hoard outside banks and ...
SOUTH African mines minister Gwede Mantashe rejected a business proposal offering the United States access to Africa’s critical minerals, citing concerns that Sibanye Stillwater was advancing its own ...
THE Minerals Council of South Africa is looking for a stabilisation in the country’s mining industry ahead of a possible turnaround this but it depends on Eskom and Transnet, two beleaguered ...
Base metals exploration development company Arc Minerals says its copper JV with Anglo American in Zambia remains firmly on track. Anglo in May rebuffed an all-share takeover bid from BHP which was ...
A CHINESE lithium producer has begun construction of a lithium processing plant in Zimbabwe as the southern African country tightens controls on raw mineral exports to encourage higher-value refining ...
US electricity consumption is rising so rapidly that coal usage could increase dramatically, said Bloomberg News citing comments by Peabody Energy Corp. The surge in power demand, combined with US ...
Five hundred gram gold bars. Photographer: Chris Ratcliffe/Bloomberg via Getty Images DEMAND for gold reached a record $146bn in the third quarter as investors flocked to the metal and – importantly – ...
EVERY August for the past six years since we acquired the Lonmin operations, I have taken time to reflect deeply as we prepare to commemorate the Marikana tragedy. The primary intention behind our ...
SIBANYE-Stillwater reduced its gold reserves 15.7% following the closure of shafts at its Kloof and Beatrix mines in the last 12 months. This comes as the rand gold price reaches an all time high of ...
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