Tuesday, June 19, 2018

Kalahari Minerals, says that APAC Resources, a major Hong Kong listed company focussed on natural resource investment opportunities and base metals trading, has agreed to acquire up to a 7.1% interest of its issued share capital.

Diversified SA miner African Rainbow Minerals plans to divest from a gold project in Namibia by June and finalise development of a copper project in Zambia this year, it says.

Kumba Iron Ore says it will review iron ore supplies to ArcelorMittal unless the steelmaker agrees to an interim pricing arrangement "in the near future".

Diamond mining junior Petra Diamonds, has announced that it is divesting of the Kono Diamond Project in Sierra Leone.

Wealth 4 U, which like most speculative mining ventures offered so much and delivered so little, will pay less than one cent for every rand hapless investors ploughed into the venture.

South Africa's biggest union says it has declared a wage dispute with the world's top diamond producer De Beers, and has asked an arbitration authority to mediate.

The National Union of Mineworkers (NUM) has declared a wage dispute with diamond giant De Beers.

Zimplats' metal output falls, but profits rise on firmer metal prices.

BHP Billiton, the world's largest mining group, has withdrawn from an electricity saving aluminium beneficiation plan because it allegedly earns more from exporting the metal directly.

Higher platinum group metal prices lifted Aquarius Platinum's revenues in the March quarter offsetting an 8% fall in production.