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Guinea eyes bigger mines stakes, tougher rules

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Guinea's new mining code will give the state a free 15% stake in projects with an option to acquire another 20%, according to a draft report.

Uranium prices set to recover

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The uranium market will remain in deficit until 2020 and prices will start to recover in the second half of this year, according to a research report by RBC Capital Markets.

Another obligation to hit Zim miners

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Zimbabwe is considering legislation to force miners to fund development in local communities, reports a local newspaper.

Gold One gains steam on takeover talk

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Gold One International’s share price rally is gaining momentum as the market awaits news of a full-scale takeover of the gold junior.

Rio reaches accord with Guinea over Simandou

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Rio Tinto says it will pay the government of Guinea $700m after reaching an agreement to resolve all outstanding disputes over its Simandou iron ore project.

AngloPlat keeps target despite output drop

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UPDATED: Anglo Platinum has kept its full-year production target, despite a 5% fall in first-quarter output attributed to safety stoppages.

Nkwe, rival told to kiss and make up

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Nkwe Platinum will be forced to sit down and talk with its court rival over prospecting rights on a farm it lost in a Constitutional Court judgment last year.

Shanduka takes over Sentula

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Cyril Ramaphosa's unlisted mining group Shanduka Resources is to list its coal assets on the JSE through a takeover of Sentula Mining, which will be renamed Shanduka Mining.

Kumba output hit by excessive rainfall

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Kumba Iron Ore has reported a 23% decline in quarterly production, hit by excessive rainfall at all operations.

Namibia’s state miner pockets key rights

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Namibia's government has awarded its state-owned mining company "exclusive exploration and mining' rights to a host of strategic minerals, according to a news report.