Sunday, September 23, 2018

The Geneva home of Beny Steinmetz, who heads up BSG Resources, was raided by Swiss police in the last two weeks. No documents were taken.

The slump in the price of iron ore did not mean BHP Billiton and Rio Tinto would fail to deliver cash to investors as margins in the businesses were still large.

A new mining tax due to be implemented next year would help Rwanda to a doubling of revenue from mining activities.

Sable Mining would be able to find the money required to build its Nimba iron ore mine in Guinea, said newly appointed chairman, Jim Cochrane.

South Africa's parliament is to hold public hearings into government plans to build 9,600MW in nuclear energy which may see it clash with the energy department.

Rivers in the west Rand of Johannesburg are contaminated with uranium owing to the large amount of ore mined and kept above surface containing the mineral.

A report by JP Morgan Cazenove said unless mining companies restructure the way they pay employees industrial action will continue for many years to come.

Tanzania is to sell shares in its power utility to the public this year and split it into separate generation, transmission and distribution units.

Lafarge Mining, the company with interests in limestone, has been awarded a Level 3 status in its recent Empower-Logic BBBEE verification, according to the firm.

Finding 4 million ounces of gold equivalent at Kili Teke in Papua New Guinea was step one in growing a magnificent resource, said Harmony CEO, Graham Briggs.