Lonmin chairman Beamish says Sibanye-Stillwater deal crucial for survival
A $200m refinancing of Lonmin’s balance sheet in its 2018 financial year should not be seen as the solution to its liquidity challenges, said...
Kibo won’t abandon Mbeya project despite Tanzania’s shocker rejection of tender
SHARES in Kibo Energy stayed near all-time lows today despite a shareholder letter seeking to calm nerves following the rejection on February 14 of...
MOD Resources lifts T3 copper resource 57% ahead of March-end feasibility...
SYDNEY- and London-listed copper development company, MOD Resources, announced today a 61% lift in total tonnage of its T3 project in Botswana ahead of...
Jubilee Metals buys Glencore zinc refinery for $22.5m in shares and...
JUBILEE Metals Group has bought a refinery for $22.5m in shares and debt from Glencore which it will use to process material from its...
Lurco, AEMFC ready to restore Optimum Coal, but “tough decisions” in...
ELLINGTON Nxumalo acknowledges there was “a lot of leprosy” ahead of the company taking on the contracting for Optimum Coal Mine, the Mpumalanga thermal...
CEF to foot bill for AEMFC’s bail out of Optimum Coal...
THE South African government’s Central Energy Fund (CEF), which is housed in the Department of Energy (DoE), would fund the African Exploration & Mining Finance...
Kibo closing coal supply agreements with regional producers for Benga
COAL purchase agreements with potential suppliers to the Benga Power Plant Project in Mozambique were progressing, said Kibo Energy, the company which is driving the...
Former AngloGold manager reunites with Vedanta’s Venkatakrishnan to head Zambia unit
VEDANTA has employed Chris Sheppard who was recently head of AngloGold Ashanti’s South African operations until his recent resignation. Sheppard will be head of Vedanta’s...
Over-done palladium price expected to weaken before year-end, say analysts
THE price of palladium is expected to weaken before the end of the year, said Bloomberg News citing the views of nine analysts it surveyed.
The...
Sedibelo ‘loss’, Zambia export duties drag Gemfields into red by hefty...
A RAFT of exceptional items, including a $47.6m fair value loss attached to its held-for sale asset, Sedibelo Platinum Mines, is expected to take...