Sunday, July 22, 2018

Guinea has lifted a state of emergency in a sign of rising stability in the iron ore and bauxite rich West African state since elections marred by street violence.

Proposed regulatory reforms to SA's "ambiguous" mining policy will be implemented by the middle of next year, says the department of mineral resources.

Zimbabwe's cabinet has agreed that the government will takeover all alluvial diamond mining and own a 51% share for other minerals, reports state media.

The African Exploration, Mining and Financing Corporation is to become a stand-alone entity that will constitute the nucleus for the state-owned mining company, says government.

Despite the evidence, Brait and Coronation stick with the "uninspiring" opencast mining contractor.

ArcelorMittal has finalised details of a spin-off of its stainless steel division, which may spark consolidation in a sector burdened by over-capacity.

ArcelorMittal plans to list its stainless steel division in the first quarter of next year, according to a report.

Xstrata has never been approached by its biggest shareholder, Glencore, with a merger proposal, says CEO Mick Davis.

Hundreds of workers at BHP Billiton's aluminium smelter in Richards Bay have gone on strike, demanding better wages and changes in work conditions, a union official says.

Police have arrested 358 illegal miners at Aurora Empowerment System's Grootvlei mine after a shootout at an abandoned shaft.