Tuesday, March 20, 2018

Kibo Mining said it had finalised the terms of reference for its power purchase and a grid connection agreements with the Tanzanian government.

Village Main Reef said it had retained a broker to help it consider options related to its assets and the company itself.

Workers at Sherritt International's Ambatovy nickel project are considering strike action amid fears of job cuts.

South African mining equities were under the kosh again as metal prices continued to sink.

Mining production grew 22% in October in South Africa owing to higher output of gold and iron ore.

Gold Fields would report gold production of 535,000 ounces in the June quarter, roughly a 30,000 oz improvement quarter-on-quarter.

Kumba Iron Ore would post a one fifth decline in earnings for the 2014 financial year owing to a decline in iron ore prices.

An adviser to shareholders of Rio Tinto has asked that the group's executive pay policy should be opposed at its annual general meeting this month.

A committee commissioned by Guinea recommended that BSG Resources and Vale be stripped of the right to mine Simandou, a large iron ore resource.