Acacia unveils blueprint for cash in teeth of Tanzania crisis
ACACIA Mining, the UK-listed Tanzanian gold producer, today unveiled a blue print for survival that does not include exporting minerals in concentrate - a...
Barrick inks 50/50 deal with Tanzania, pays $300m in goodwill
BARRICK Gold has agreed to share equally the "economic benefits" generated by the mines of its 63.9%-held listed subsidiary, Acacia Mining, with the Tanzanian...
Steenkamp styles Moab deal “a new ball game” for Harmony
FIRST on Harmony’s do-list following the handover of AngloGold’s Moab Khotsong mine in the Vaal River Region will be an analysis on how it...
Harmony to buy AngloGold’s Moab Khotsong for $300m
THE reconfiguration of AngloGold Ashanti's portfolio continued apace today with an announcement that it would sell its Moab Khotsong operations to Harmony Gold for...
South32 takes cash to $1.69bn but warns of global cost pressures
SOUTH32 took net cash to $1.67bn in the first quarter of its 2018 financial year despite an increase in working capital requirements, its buy-back...
Zwane hits out at critics saying he “… created thousands of...
EMBOLDENED by South African president Jacob Zuma's decision to retain him in cabinet, mines minister, Mosebenzi Zwane, kicked back against attempts to "... try...
Pan African says one year wage deal with NUM due to...
PAN African Resources agreed an 8% wage increase with the National Union of Mineworkers (NUM) for employees at its Barberton Mines, but it will...
SEC charges Rio with fraud for late coal write-down disclosure
RIO Tinto has been charged with fraud by the US Securities and Exchange Commission (SEC) regarding the late notice it provided shareholders in respect...
Kropz warns court bid to suspend licence will hurt environment
KROPZ has hit back at environmental groups opposing its proposed R1.5bn Elandsfontein phosphate mine situated near the ecologically sensitive Langebaan Lagoon in South Africa's...
Minergy opts for UK listing as Johannesburg perceived ‘too risky’
MINERGY, a coal development firm operating in Botswana's Mmamabula coalfields, has decided not to list in Johannesburg, preferring instead a more expensive UK listing...