Resolute terminates Mako royalty ahead of refinancing syndicated loan facility
RESOLUTE Mining said the $12m termination of a royalty held over a small portion of production at its Mako Gold Mine in Senegal would...
Zambia lays ground work for minerals trading company
ZAMBIA this week approved the creation of a special purpose vehicle that will invest and trade in the country's mineral resources, said Bloomberg News.
It...
Banks should be compelled to invest in new coal mines –...
SOUTH African banks Nedbank and Standard Bank should be compelled to invest in building new coal mines, said Bloomberg News citing the comments of...
Hard sanctions on Russian palladium unlikely to stem metal flows, says...
THE palladium price was about 7% higher as the market absorbed the sanctioning by the UK government of Vladimir Potanin, described by Bloomberg News...
Iron ore, copper prices surge onwards and upwards as “green demand”...
IRON ore futures increased 10% to more than $226/t whilst the copper price continued to rise despite last week's record-making gains through $10,000/t.
The iron...
Central Rand Gold handed a lifeline
Central Rand Gold has been granted a stay of execution as the Minister of Mineral Resources agreed to temporarily reverse her decision on the cancellation of the group’s mining right.
Rio Tinto finally sells Zululand Anthracite
Rio Tinto has finally managed to dispose of the Zululand Anthracite Colliery (ZAC) in Kwa-Zulu Natal which it acquired when the group paid $3.9...
BHP sees no repeat of iron ore imbalance
BHP Billiton says it doesn’t expect a repeat of the "spectacular imbalance' between
steel supply and Chinese demand, according to a Reuters report.
AngloGold explores other avenues for returns after stellar Q1
ANGLOGOLD Ashanti would consider additional shareholder returns if the gold price remained at current levels for the remainder of the financial year.
This was after...
Pressure turned up a notch on Petra as net debt climbs...
THE pressure on Petra Diamonds' balance sheet was turned up a notch at the close of the first quarter after net debt came in...