Analysts laud Glencore, Gécamines deal as Congo de-risked
THE net cash impact of Glencore's debt forgiveness agreement with the Democratic Republic of Congo's (DRC's) state-owned Gécamines was $190m to $250m, according to analysts...
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...
Glencore’s bigger DRC risk may be Joseph Kabila, not his new...
GLENCORE has under-performed most of its peer group this year, partly on concerns about developments in the Democratic Republic of Congo (DRC) where the...
Orion wins loan extension in order to focus on exploration
This article has been corrected to show the placement with a lender was at a premium, not a significant discount as previously reported.
ORION Minerals,...
UK fraud probe may be “cathartic” for Glencore’s DRC exposure
SHARES in Glencore dropped 4.4% on Friday which was equivalent to an implied equity value loss of $3.6bn compared with the group’s market capitalisation...
Independence Group builds Orion stake in A$5m placement
AUSTRALIAN-based gold and base metals miner Independence Group NL (IGO), whose interests include a 30% stake in AngloGold Ashanti’s Tropicana mine, has hiked its...
Vedanta regional ambitions given definition in Africa Base Metals
VEDANTA'S Southern Africa ambitions have been given greater definition following the creation of Africa Base Metals, an entity through which its zinc and copper...
Glencore et al fail to address key issues in DRC Mining...
MINING companies including Randgold Resources and Glencore said they were able to influence some regulations through which the Democratic Republic of Congo's (DRC's) 2018...
Vedanta to study $800m zinc smelter project in South Africa
VEDANTA is considering spending a further $700m to $800m developing South Africa's zinc industry following an announcement it was investigating building a refinery at...
Afritin takes its place as capital discovers appetite for exploration
THE mobile rings during an interview with Anthony Viljoen, CEO of Afritin Minerals. I tell him he can take it. "Don’t worry," he responds:...