Covid-19 interruptions, poor coal pricing forces Wescoal into group-wide retrenchments
WESCOAL said today it would embark on a retrenchment programme involving staff throughout the organisation following lower off-take from Eskom amid Covid-19 lockdowns earlier this...
Gertler says he paid $83m for royalties from Metalkol copper project...
DAN Gertler was behind the $83m purchase of royalties in Metalkol copper and cobalt project in Democratic Republic of Congo from state-owned mining company...
Zambia confident it can finance purchase of shares in Mopani Copper
ZAMBIA'S permanent secretary in the Ministry of Mines expected the country would finance the purchase of a larger stake in Mopani Copper Mines from...
Petra on knife edge as Covid-19 second wave threatens diamond price...
PETRA Diamonds reported a taxed loss of $223m, including $91.9m in impairments, for the 12 months ended June, and warned the market its viability...
De Montessus says Teranga deal ends M&A push, dismisses risk of...
FOLLOWING an incident-filled 12 months, which Endeavour Mining looks set to end scoring two out of three proposed takeover deals, CEO Sébastien De Montessus,...
Resgen secures extension of working capital facility keeping it afloat to...
RESOURCE Generation (Resgen) said it had secured funds that would provide it with sufficient working capital until end-February after shareholder Noble Resources agreed to...
Glencore among group of 36 firms asked to produce ‘Paris-aligned’ accounts
GLENCORE is one of 36 companies that has been asked by a group of investors to produce 'Paris-aligned accounts' that reflect the impact of...
Endeavour Mining joins ranks of top gold producers after announcing Teranga...
ENDEAVOUR Mining has signed a definitive agreement to acquire Teranga Mining through a plan of arrangement which represents a 5.1% premium as of the...
Glasenberg may delay departure from Glencore until global travel viable
IVAN Glasenberg, CEO of Glencore, could wait until well into 2021 before formally stepping down from the company he has run for the past...
Merger was “a low in my career”, says Mick Davis of...
IT’S not often that Mick Davis, knighted by the United Kingdom’s queen in 2015, has been called an asshole; at least, not to his...