First Quantum calls off 2,500 job cull in favour of talks...
FIRST Quantum Minerals is to end plans to layoff 2,500 workers in Zambia due to higher tax plans in favour of continuing discussions with...
Rio Tinto plans to sell 46.6% stake in Simandou to Chinalco
RIO Tinto is to sell its 46.6% stake in Guinea iron ore project, Simandou, to Chinalco for between $1.1bn and $1.3bn, the Anglo-Australian group...
Kumba spin-out is Anglo’s ‘base case’ option
Mark Cutifani, CEO of Anglo American, said the unbundling of its 69% stake in Kumba Iron Ore was the base case option the group was currently studying.
GEM Diamonds to pay special dividends when special gems discovered at...
GEM Diamonds will consider paying special dividends should it discover high value stones at its Letšeng mine in Lesotho, said CFO, Michael Michael.
The UK-listed miner...
Implats approached over taking a stake in Zimbabwe’s Great Dyke Investments
IMPALA Platinum (Implats) may be in line to buy a stake in the platinum project being developed by Great Dyke Investments (GDI), according to...
Bridge collapse kills dozens at Congo copper mine
AT least 30 people died when a bridge collapsed at a semi-industrial copper mine in southeastern Congo on Saturday, said Reuters citing the country's...
Essar resuscitates 500ktpy Zim steel plant
India's Essar Group said it would restart plans to breathe new life into Zisco, the state-owned Zimbabwe steel producer, and build a 600MW power plant.
Gold price set to explode as Europe dithers
Gold experts Martin Murenbeeld and Frank Holmes reckon the gold price is about to explode because of the Eurozone crisis and the negative real interest rates ruling in many economies.
Vitol bails out of deal to buy RBCT stake from Gupta’s...
VITOL, the energy and commodities trading company, has walked away from a deal first proposed in 2016 to buy coal export entitlement through Richards...
Anglo may broaden battery minerals business in Finland
ANGLO American said on Monday it had concluded a business agreement with Finland to "support the country's battery metals strategy".
It said a memorandum of...