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Anglo to sell New Largo to Seriti-led consortium for R850m

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ANGLO American confirmed it had sold New Largo, a thermal coal project in South Africa's Mpumalanga province, to Seriti Resources, a consortium, which will...

GEM Diamonds shares fall to lowest level in a year after...

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INTERRUPTIONS at the Letšeng mine in Lesotho combined with weaker average prices for its diamonds and inflation weighed heavily on UK-listed miner GEM Diamonds. It...

Alphamin eases liquidity stress as mining, logistical and market headwinds persist

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ALPHAMIN agreed new payment conditions with customers and amended a loan as it tackled the impact of a bridge collapse affecting exports, and increased...

Demand recovery fires Merafe in H1

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Merafe Resources, which is in joint venture with Xstrata, lifted ferrochrome production 149% in the first half of its financial year as demand recovered.

Endeavour to acquire the Kalana gold project in Mali

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Canadian gold miner Endeavour Mining is to take over TSX-listed explorer Avnel in an all-share transaction which values Avnel at US$122m in order...

Northam set fair for “promising” advance on Booysendal South

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NORTHAM Platinum, which is investing R3.5bn in the current financial year as part of its aggressive expansion strategy, said progress on its new Booysendal...

Xtract resumes Manica as Nelson sticks to guns on resignation

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XTRACT Resources on-and-off affair with the Manica gold project in Mozambique is back on again with the company re-acquiring ownership after the deal struck...

Fleming to reinvest funds in Sibanye Gold

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Adam Fleming, chairman of Wits Gold, said Sibanye Gold's Neal Froneman had the "energy and power" to bring about the "ultimate consolidation" of the SA gold industry.

Talks to start on platinum bargaining forum

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Minister of Labour Mildred Oliphant will open the start of talks among platinum employers on the creation of a central wage bargaining platform for the sector.

Road clear for $265m Yaouré after Côte d’Ivoire awards final permit...

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PERSEUS Mining ticked off the final permit required ahead of developing the $265m Yaouré gold project in Côte d’Ivoire after the West African government granted the...