Sibanye-Stillwater excluded from NYSE gold index as PGM influence grows
THE decline in the contribution of Sibanye-Stillwater's gold mines in South Africa to its profitability has meant the company has been excluded from the...
Vedanta’s Agarwal aims at investment of $8bn over next three years
VEDANTA would invest about $8bn over the next three years in order to increase its production of oil, aluminium and zinc, said Bloomberg News...
AngloGold listing could revive LSE where gold firms said to have...
REPORTS that AngloGold Ashanti is considering listing in London could add much needed cheer to the City's gold investment market, said Bloomberg News which...
Lucapa paid $1.6m dividend from stake in Angolan diamond mine, Lulo
SHAREHOLDERS in Lucapa Diamond Company, an Australian-listed business, will receive a dividend payment of $1.6m from the firm's stake in Lulo, known as Sociedade Mineira...
Sabotage brings coal export rail to grinding halt forcing Transnet to...
THE Richards Bay coal line was inoperable after an act described by its owner, Transnet, as "economic sabotage" led to the back-end of a...
First Quantum to lay off 2,500 staff at Zambia mines after...
FIRST Quantum Minerals is to retrench 2,500 staff at its Zambian facilities in the first quarter of 2019 following the southern African country's plans...
Barrick merger with Randgold ready to rock and roll
The merger with Randgold Resources “will bode well” for Barrick Gold according to Fitch Solutions Macro Research in a commentary which also forecasts an...
Abel Malinga quits IDC on grounds of ill-health
Abel Malinga, 53, who has headed the Industrial Development Corporation’s mining and metals division since 2011, has resigned on the grounds of ill-health.
He has...
Glencore cleans house at Katanga after C$30m fine
Glencore - which owns 65% of copper producer Katanga Mining - is "disappointed by the conduct" at Katanga which led to the settlement announced...
Good December sales for De Beers and Gemfields
Christmas has come early for diamond group De Beers and coloured gem producer Gemfields - with both reporting good December sales - but not...