Is Zimbabwe’s mining missing the train?
ZIMBABWE'S crumbling rail system may be worse than even South Africa’s. It is a huge stumbling block for its mining industry, raising transport costs...
Lundin family bet on Montage Gold delivers 2,000% return
A C$17.5M investment by the Lundin family in Canadian-listed Montage Gold has generated a return of more than 2,000% in under two years owing...
Congo gold trader targets new artisanal haul
THE Democratic Republic of Congo's state-owned gold trading company is targeting sales of 15 tons this year from the country's artisanal mining sector, with...
Ghana proceeds with 12% gold royalty despite US, China outcry
GHANA will implement a new sliding-scale gold royalty regime on Tuesday despite opposition from the US, China and other Western governments, as well as...
Kenmare facing VAT hit after Mozambique springs tax surprise
SHARES in Kenmare Resources fell 7.5% on Monday after it said Mozambique had unilaterally sought to impose regulatory changes that could have negative tax...
Pan African to buy out Aussie JV partner in £163m deal
PAN African Resources announced on Monday it was to buy out its joint venture partner in its Australian Tennant Creek joint venture in an...
Motsepe says his best place is “outside politics”
PATRICE Mostepe, non-executive chairperson of African Rainbow Minerals (ARM), appeared to distance himself from a bid for the ANC presidency, saying he was better...
Implats in talks with Tharisa on $545m Karo project
THARISA is in discussions to sell metals concentrate mined from its proposed $545m Karo Platinum mine in Zimbabwe to Impala Platinum (Implats).
Discussions, which are...
ARM confirms bid to build Ngqura manganese terminal
AFRICAN Rainbow Minerals (ARM), the Patrice Motsepe company, confirmed it was participating in a bid to build and operate a new manganese export facility...
Glencore backs Kazakh entrepreneur’s ERG stake bid
GLENCORE has proposed an $800m pre-payment arrangement to help finance a little-known Kazakh entrepreneur’s $1.4bn bid for a 40% stake in Eurasian Resources Group,...