Glencore says remains open to dealmaking
MINER and commodity trader Glencore said it is open to merger and acquisitions that create value for its shareholders.
"As we have always said, M&A...
Sovereign mine Kasiya takes “massive step forward”
SOVEREIGN Metals expected to spend $665m building its Kasiya Rutile-Graphite Project, representing an 11% increase over a previous estimate.
This is following an optimised prefeasibility...
Copper 360 mulls entering renewable power distribution
COPPER 360 has signed a deal to acquire 55MW of wind power for R60m which it said on Wednesday could form the business of...
Petra to finally sever link with problematic Williamson mine
PETRA Diamonds said on Wednesday it was to sell its remaining shares in Williamson mine in Tanzania for $16m although the deal comes with...
Paladin CEO says shareholders under estimate Fission deal
PALADIN Energy struck a bullish note for the firm's prospects on Wednesday saying its shareholders had not yet absorbed the benefits of a recent...
Petra won’t make “silly decisions” in new cost cutting round
PETRA Diamonds would not make "silly decisions" regarding a new cost cutting programme warning of the "fatigue" on labour where jobs were shed in...
Manara closing in on stake in Barrick’s $9bn Reko Diq
SAUDI Arabia's Manara Minerals is closing on a deal to buy up to 20% in Reko Diq, a $9bn gold project in Pakistan. The...
Thungela unveils Moses Madondo as CEO-designate
THUNGELA Resources today announced its founding CEO July Ndlovu would step down from the company this year as he had reached retirement age.
He will...
Nickel may get boost as Indonesia mulls quota cuts
NICKEL could receive surprise support this year if Indonesia reduces its production quota, according to a report by the Financial Times.
Citing Indonesia's Ministry of...
South32 temporarily shuts Wessels manganese mine
SOUTH32 said it had temporarily shut its Wessels manganese mine in South Africa's Northern Cape province during the December quarter at a time of...