Gecamines seeking to shake up Congo’s joint venture agreements
THE Democratic Republic of Congo (DRC) is seeking to get more copper production from joint ventures it's involved in as well as secure offtake...
Petra cuts output target amid sluggish diamond price recovery
PETRA Diamonds remained stuck firmly in the red for the six months to end-December and the outlook for the full year to end-June is...
Kumba to cut up to 490 jobs in line with reduced...
KUMBA Iron Ore said on Tuesday about 490 jobs were under threat in terms of a restructuring of the business in which cost savings...
Copper 360 issues R100m in shares to fund Nama Copper deal
SHARES in Copper 360 rebounded 18% in Johannesburg on Monday after the mineral development company announced it had raised an additional R100m through the...
Amplats to restructure mines potentially affecting 3,700 jobs
ANGLO American Platinum (Amplats) announced a restructuring review across its operating base potentially affecting 3,700 fixed term employees as well as 620 contracting companies.
The...
Northam Platinum “pauses, defers, curtails” projects as sales fall 25%
NORTHAM Platinum said on Monday it had adjusted capital projects across its three mines following a deterioration in the platinum group metal (PGM) market.
Commenting...
Lucara re-enters diamond sales agreement with HB Antwerp
LUCARA Diamond Corp, the Toronto-listed miner, has re-entered a diamond sales agreement with cutter and polisher HB Group for goods larger than 10.8 carats...
CEOs confounded by disconnect between shares and gold price
THE massive underperformance of gold equities compared with movements in physical gold appears to be due to different views on the metal between major...
B2Gold employees killed in Mali after attack on convoy
B2GOLD said three employees were killed and several others injured in an attack on a company convoy in Mali about 75km west of Bamako,...
SA mining fears Govt’s new cadastre is no quick fix
IN January, South Africa’s department of mineral resources & energy (DMRE) finally unveiled its preferred technology provider for a new minerals cadastre. The cadastre,...