Naidoo returns to Vedanta to oversee critical minerals drive
VEDANTA Resources, the London-based parent company of Vedanta Ltd, has appointed South African mining executive Deshnee Naidoo as its CEO.
Naidoo was previously head of...
Zambia’s debt cover fears may be behind gemstones tax hike
GRIZZLY by name, grisly by nature. Senegalese-owned family business Grizzly Mining flooded the Zambian emerald market to such an extent last year that it...
Mining’s big guns will return to “oven-ready” Anglo
ANGLO American is tipped to be among the most likely takeover target of European mining stocks, according to a report by Bloomberg News on...
Sibanye-Stillwater M&A chief quits as firm targets austerity
THE person hired by Sibanye-Stillwater four years ago to drive its merger and acquisition strategy has resigned from the company.
The miner announced on Monday...
Anglo shares plummet as ‘bid premium’ disappears
SHARES in Anglo American fell more than six percent on Monday morning in Johannesburg following a report BHP had backed off from making a...
Glencore could end share torpor with improved dividends
A DECISION in August by Glencore management to retain the group's coal assets raises the possibility of much-improved cash dividends and cash generation, analysts say.
That's...
Fatalities on South African mines fall to record low in 2024
SOUTH Africa's mining industry reported a record low in fatalities in 2024, a performance described by mines minister Gwede Mantashe as registering "significant strides".
Department...
Glencore says remains open to dealmaking
MINER and commodity trader Glencore said it is open to merger and acquisitions that create value for its shareholders.
"As we have always said, M&A...
Rio, Glencore talks signal pressure in securing metal supply
MERGER discussions between Glencore and Rio Tinto which are said to have taken place last year was a sign of how mining companies were...
Congo jails three Chinese citizens in illegal mining crackdown
A COURT in the Democratic Republic of Congo has sentenced three Chinese citizens to seven years in prison after they were arrested in possession...