Gécamines’ Yuma calls on foreign miners to revisit JV deals
GÉCAMINES, the Democratic Republic of Congo's state-owned base metals miner, has urged foreign investors to renegotiate the terms of joint ventures saying that current...
Anglo pre-funds $600m of Quellaveco in Mitsubishi share deal
ANGLO American is to sell a 21.9% stake in its Quellaveco copper project in Peru to Mitsubishi increasing the Japanese firm's stake in the...
Analysts laud Glencore, Gécamines deal as Congo de-risked
THE net cash impact of Glencore's debt forgiveness agreement with the Democratic Republic of Congo's (DRC's) state-owned Gécamines was $190m to $250m, according to analysts...
Tharisa takes Zimbabwe spend to R100m as buys stake in Karo
THARISA, the Johannesburg- and London-listed chrome and platinum group metals (PGM) producer has extended its interest in Zimbabwe after announcing a $4.5m (R60m) investment...
Glencore cancels Congo debt of $5.6bn in Gécamines equity deal
SWISS-based mining and marketing firm, Glencore, has headed off potentially disruptive legal action with Gécamines by agreeing today to dissolve $5.6bn in debt and...
Mantashe condemns Sibanye deaths saying “rights must be enforced”
SOUTH African mines minister, Gwede Mantashe, condemned the latest fatal mine accident at the Kloof mine of Sibanye-Stillwater, saying it was "... a great...
Randgold to judge Massawa by year-end as project seeks 3m oz
RANDGOLD Resources would make an investment call on its Massawa project in Senegal before year-end after completing testwork that showed three-quarters of the prospect's...
Sibanye-Stillwater safety torment continues as four miners die
Article corrected in the eighth par to show Neal Froneman saying on the assumption two mines were equally safe, it was only logical that the...
Petra deal all but solves Kimberley artisanal mining problem – for...
SOME 830 former illegal miners operating on Petra Diamonds’ lease area at Kimberley have been now been legalised as artisanal miners on ground given...
Pallinghurst gets boost from Mozambique ruby sales
PALLINGHURST Resources said a recent auction of rubies from its Montepuez operation in Mozambique showed strong market support for the semi-precious stone with some...