Thursday, June 21, 2018

Botswana has asked South Africa to speed up the transfer of nickel mineral rights it bought last year for $337m.

Public Service and Administration Minister Richard Baloyi has admitted that the hijacking of Kalahari Resources created a "perception driven cloud of mistrust on our company registration systems".

Diamond laws promulgated more than five years ago had failed to deliver the expected increase in employment.

Glencore is to invest $950m over three years to expand operations at its Mopani Copper Mines as part of a plan to refurbish assets and lower production costs.

South African hopes that water from Lesotho will be increased 50% while Lesotho will benefit from an improvement in infrastructure.

The Industrial Development Corporation was not considering selling any assets as this would send it "cap in hand" to the National Treasury to cover borrowings.

Jindal Steel & Power, India's third largest steelmaker by value, was in discussions with the Liberian government to buy the Wologizi iron ore mine.

Randgold Resources CEO, Mark Bristow, said he was heartened by the Congo's decision to restart negotiations regarding mining code changes.

SA’s mining industry aims to formulate an industrial policy framework that would house transformation in the sector, says the SA Mining Development Association chair.

Northam Platinum had appointed Tenova Pyromet to build a second platinum group metal furnace estimated to cost R500m.