Union rejects Metorex wage offer
Trade union Solidarity has rejected what it describes as the skimpy wage increase offer of 3% by Metorex's Consolidated Murchison Mine outside Phalaborwa during the first round of wage negotiations.
Zambia’s mining sector welcomes budget concession but costs still set to...
ZAMBIA'S mining sector welcomed a decision by the government to retain its value added tax (VAT) instead of replacing it with a non-refundable tax...
Orion Minerals scopes OCM for R649m in capital following proof of...
ORION Minerals said today it would recommission the Okiep Copper Mine (OCM) in South Africa's Northern Cape province for A$58m (R649m) producing annual peak copper...
Zambia mines minister lifts veil on alleged abuses committed by Vedanta’s...
THE Zambian government had applied to liquidate Konkola Copper Mines (KCM) because of the firm's alleged environmental and financial regulation breaches.
This is the view...
Ivanhoe’s Friedland expects foreign migration to Congo’s “higher grade” copper mines
THE Democratic Republic of Congo (DRC) is "the Saudi Arabia of copper, cobalt and hydroelectric generation potential", according to Robert Friedland, the executive co-chairman...
Glencore trims copper output guidance, says discussing “operating scenarios” with Zambia
COPPER production from Glencore's African assets would come in about 14% lower than set down in original guidance for the group's 2020 financial year.
The reduction,...
Glencore cancels Congo debt of $5.6bn in Gécamines equity deal
SWISS-based mining and marketing firm, Glencore, has headed off potentially disruptive legal action with Gécamines by agreeing today to dissolve $5.6bn in debt and...
Vedanta’s Konkola settles on 17% pay hike
Konkola Copper Mines, the Zambia miner owned by Vedanta Resources Plc, has awarded its workers a 17% pay increase, says a union official.
Metorex drops Ruashi output forecast
Metorex lowers its copper output forecast at its Ruashi plant by 20%, but there's an upside, with production costs expected to drop from improved cobalt credits.
Glencore pays $534m cash for Mutanda, higher stake in Katanga
GLENCORE is to buy full control of Mutanda Mining, a copper producer in the Democratic Republic of Congo, and lift its stake in the...