Endeavour to sell Nzema for $65m, lowers output guidance
TORONTO-listed Endeavour Mining is to sell its 90% stake in its Ghanaian gold mine Nzema for $65m to BCM International, a mining and civil...
Chamber lays into Zwane for serving narrow economic interests
SOUTH Africa's Chamber of Mines responded to accusations by mines minister, Mosebenzi Zwane, that it was opposed to economic transformation, claiming the redrafted Mining...
Lonmin may buy revenue – and time – in asset sale...
LONMIN states in its announcement on August 7 that proposals to sell the rights to some 500,000 ounces of platinum group metal (PGM) processing...
Zwane launches counter-attack saying Charter must be flexible
SOUTH African mines minister, Mosebenzi Zwane, has argued in an answering affidavit submitted to the Pretoria High Court that the Mining Charter was not...
Lonmin to sell 500koz of processing capacity, eyes R500m overhead cut
LONMIN has set out further steps aimed at turning cash flow positive after capital expenditure which includes a R500m reduction in overhead costs by...
Merafe halves debt, lifts payout, but is rapped for excess stocks
SHARES in Merafe Resources, a Johannesburg-listed ferrochrome producer in joint venture with Glencore, edged up 2.7% following strong interim results in which it halved...
Lucara drops output target 14% after mining equipment issue
LUCARA Diamonds, the Toronto-listed firm, warned shareholders that its mining contractors' lack of equipment availability in the second quarter could see full year production...
DMR will not implement licence moratorium, according to tweet
SOUTH Africa's Department of Mineral Resources (DMR) said last night it would not pursue a moratorium on new applications for mining and prospecting licences,...
Sibanye restructure takes mining sector jobs hit to 21,000 in 14...
MORE misery was heaped on South Africa's precious metals industries after Sibanye Gold announced today it would restructure its Cooke and Beatrix West operations...
Randgold targets “upper end” of 2017 production guidance
RANDGOLD Resources was on course for full-year gold production of 1.3 million ounces following a strong showing in the second quarter in which 341,316...