Tuesday, March 20, 2018

The Congo state owned base metals miner, Gecamines, required $160m to fire 6,000 people, about half of its staff.

Forbes Coal has closed on the first tranche of a $25m refinancing with a $4m bridging loan. The company also announced changes to its board.

The National Union of Mineworkers was considering an improved annual wage offer from gold producers represented by the Chamber of Mines.

Anglo-Australian mining group, Rio Tinto, expected its 2016 capital spending budget to fall by $500m to $5bn.

SOUTH African mining unions gave differing responses to the election of Cyril Ramaphosa to the top chair in the African National Congress (ANC), according...

Public Enterprises minister, Lynne Brown, raised her frustrations with Eskom CEO, Tshediso Matona, regarding running of the organisation ahead of his suspension.

Coal of Africa says the cost of developing its Vele Colliery in Limpopo had increased by 27%, due to delays caused by the suspension of development at the mine.

Zimbabwe's platinum sector required as much as $5.3bn in investment in order to produce enough metal that would justify a precious metals smelter.

A preferential power deal offered to BHP Billiton by South African power utility, Eskom, has cost the country about R11.5bn, according to a report.