Gold pauses as China’s central bank baulks at record prices
THE recent slump in the gold price – down about 2.8% in the last 30 days – may be due to a hiatus in...
Bill Gates’ KoBold may spend $2.3bn building Zambia copper mine
A MINING exploration company in which Bill Gates has a stake could spend $2.3bn building a new major copper mine in Zambia, said Bloomberg...
Thungela brushes off share issue reverse at AGM
THUNGELA Resources brushed off a reverse in its annual general meeting last week in which shareholders voted down its resolution on issuing shares for...
De Beers CEO says firm will be better outside Anglo
DE Beers was already planning to become independent of Anglo American prior to the parent firm's restructuring announcement, said News24.
Citing De Beers CEO Al...
Selling De Beers is high jeopardy for Anglo boss, analysts say
BOTSWANA may seek to increase its stake in De Beers as part of the diamond company's sale by majority shareholder Anglo American.
Reuters cited a...
SSC Group buys controlling stake in Lesedi Drilling
PRIVATELY-held mining engineering company SSC Group has bought a controlling interest in Lesedi Drilling & Mining Contracting Company and its subsidiaries, the company announced...
Sibanye-Stillwater eases pressure with new debt covenants
SIBANYE-Stillwater has won some breathing space for its under pressure balance sheet after agreeing with lenders to raise thresholds over R6.5bn in company debt.
The...
RBM declares “all systems go” on Zulti South expansion
RICHARDS Bay Minerals (RBM) declared 'all systems go' for its Zulti South mineral sands project after restoring community stability at the KwaZulu-Natal province operation.
The...
Glencore in talks to exit Kazzinc operations
GLENCORE was considering selling its stake in Kazzinc as CEO Gary Nagle continues the group's strategy of portfolio simplification, said Bloomberg News.
Glencore is also...
Gemfields registers early resource for Mozambique gold prospect
GEMFIELDS described drilling results from its Nairoto Gold Project in Mozambique as "exciting initial and early stage news" after defining an inferred mineral resource...