NUM planning Eskom strike in May as unbundling fears mount
THE National Union of Mineworkers (NUM) is planning a five-day strike at Eskom in protest against President Cyril Ramaphosa’s February proposals to split the...
SA to extend standing credit facility to help revive Zimbabwe economy
SOUTH Africa would assist Zimbabwe with financial aid in an effort to help President Emmerson Mnangagwa’s country revive its economy, said Reuters citing the...
Acacia Mining minorities can’t afford to turn down Barrick’s Tanzania proposal
THE hullabaloo that followed Barrick Gold’s $18bn hostile takeover proposal of Newmont Mining, now withdrawn after the two firms agreed to pool their Nevada...
SA coal miners lose “hundreds of millions of rands” following Mpumalanga...
COMMUNITY protests in South Africa’s Mpumalanga province may have cost the country’s thermal coal miners, including Anglo American, Glencore and South32, up to hundreds...
Rainbow Rare Earths targets cash-flow breakeven by end of 2019
AIM-listed Rainbow Rare Earths said it aimed to become cashflow breakeven in its 2019 financial year provided it was able to bring four mining...
Barrick-Newmont ‘hostilities’ off the radar for two years – Bristow
MARK Bristow, CEO of Barrick Gold, said there would be no further hostilities between his company and Newmont Mining for another two years in...
Emirates Global Aluminium nearing finance for $1.4bn Guinea bauxite mine
GUINEA Alumina Corporation, a subset of Emirates Global Aluminium, is nearing conclusion of a finance package worth $700m to $800m which it will use...
Start-up diamond companies moot plans for privately-established development fund
LENGTHY delays in securing mining permits and licences, onerous and inappropriate regulatory requirements, lack of funding for entrepreneurs, and a Mining Charter and implementation...
Barrick abandons Newmont takeover in wake of Nevada JV forecast to...
BARRICK Gold Corporation has abandoned its $18bn takeover attempt of industry rival, Newmont Mining, in favour of a joint venture in which the two...
Centamin to remain under pressure whilst management credibility deficit continues
SHARES in Centamin could remain under pressure for the foreseeable future unless the company was able to set out a short- to medium-term production...