Palladium hits record $1,600/oz after Russian bans scrap exports
PALLADIUM reached a record $1,600 per ounce on Tuesday after Russia announced it was planning to ban exports of precious metals scrap, said Reuters.
“There...
Tanzania to establish trading centres to curb illegal gold exports
TANZANIA is to establish government-controlled trading centres by the end of June in an effort to curb illegal exports of gold and other precious...
Eskom running viability exercise on Medupi, Kusile as SA faces more...
ROLLING blackouts are to become a permanent feature of South Africa’s business landscape for up to two weeks as the country’s power utility, Eskom, attempts...
Endeavour aims at Ity expansion to 300,000 oz/year after first gold...
ENDEAVOUR Mining may double the throughput of its recently completed Ity CIL project which it completed at a cost of $420m producing as much...
Bids thrown open for Koornfontein after Project Halo fails to deliver...
BIDDING to supply post-commencement funding (PCF) to Koornfontein coal mine in South Africa’s Mpumalanga province has been re-opened after the preferred offeree, Project Hope, failed...
AMCU dealt double blow as fails to block Sibanye-Stillwater restructuring
SIBANYE-Stillwater was given the all-clear to continue with the proposed restructuring of its Driefontein and Beatrix gold mines in which up to 6,700 workers...
Exxaro will weigh Moranbah South for value against potential M&A
EXXARO Resources will weigh its participation in the Moranbah South joint venture with Anglo American against other potential merger and acquisition opportunities it has...
Bristow ‘facilitating’ Acacia, Tanzania dispute forwards, says attorney-general
TALKS between the Government of Tanzania and Barrick Gold Corporation were “facilitated” when Mark Bristow took over the Canadian gold producer, said Bloomberg News...
Lawyer says R95.7m rehab fund for Richtersveld diamond mines insufficient
THERE are concerns that in selling three diamond properties in the Richtersveld region of South Africa’s Northern Cape, Trans Hex has not left sufficient...
Indian anti-trust authorities raid Glencore offices amid cartel allegations
ANTI-trust authorities in India raided the offices of Glencore on March 25 in order to investigate allegations that it formed a cartel to discuss...