Shanta Gold in business review following Tanzania legislation
SHANTA Gold is to conduct a business review of its activities and cost base following controversial new legislation in Tanzania where it operates the...
Amplats to report refined metal backlog, R2.2bn in impairments
TECHNICAL problems in processing which lead to lower sales, and a stronger rand, would impact the interim earnings of Anglo American Platinum (Amplats), the...
PTM to seek more funds after $287m loss sends it to...
THE resolve of shareholders in Toronto-listed Platinum Group Metals (PTM) may be tested further after the company said on July 17 it may seek...
Vitol bails out of deal to buy RBCT stake from Gupta’s...
VITOL, the energy and commodities trading company, has walked away from a deal first proposed in 2016 to buy coal export entitlement through Richards...
AngloGold may suspend Geita underground project – Moody’s
ANGLOGOLD Ashanti was likely to suspend the underground development project at its Tanzanian mine Geita and redeploy the capital to other low-cost mines in...
Cash up at Lonmin after Magara finds more “levers to pull”
LONMIN CEO, Ben Magara, said the platinum producer continued to find "levers to pull" following an improved third quarter mining performance in which net...
DMR agrees to Charter standstill as legal process gains steam
SOUTH African mines minister, Mosebenzi Zwane, has agreed in writing not to implement the current redraft of the Mining Charter pending judgement of an...
Acacia accepts 50% lift in royalty as Tanzania turns the screw
ACACIA Mining will comply with part of newly enacted legislation in Tanzania which increases revenue-based royalties to 6% from the previous levy of 4%.
The...
Chamber of Mines urges Gigaba to revisit action plan as sector...
SOUTH Africa's Chamber of Mines urged the country's National Treasury to revisit its action plan to save the economy from prolonged recession because it...
Gigaba sets December deadline for MPRDA, re-opens Charter talks
SOUTH Africa has set itself six months to agree on amendments to its keystone mining legislation - the Minerals & Petroleum Resources Development Act...