Hummingbird fully funds $88m Yanfolila gold project
HUMMINGBIRD Resources has fully-funded its $88m Yanfolila gold project which is situated in west Africa's Mali following a $45m debt package, and $10m cost...
Gold Fields swaps royalty deals for 32% in Maverix Metals
GOLD Fields has exchanged a portfolio of eleven royalties it receives, which generated $6m last year, for a 32% stake in Maverix Metals, a...
Exxaro unconvinced Eskom’s 51% BEE target is “policy”
EXXARO Resources was unconvinced Eskom's demand for 51% black ownership in order to comply with its black economic empowerment (BEE) rules was policy.
"Up until...
Pan African gives green light to R1.74bn Elikhulu project
PAN African Resources has approved spending of R1.74bn on its Elikhulu Tailings project in Mpumalanga province - a venture that would yield 56,000 ounces...
Jubilee to deliver first platinum from Hernic plant in February
JUBILEE Platinum is on track to start commissioning its Hernic platinum recovery plant in December and then deliver the first platinum concentrates during February...
Eqstra to seek damages after Lucara ends R500m/year contract
LUCARA Diamond Corporation (Lucara) may have a fight on its hands after Extract Group said it would seek damages for a R500m per year...
DMR “out of court” settlement on charter seems unlikely
A SOUTH African government declaration that it was "progressing" towards an out of court settlement with the country's mining sector on black economic empowerment...
Trump can give metals a push, but it’s China that matters
ANALYSTS are puzzling over the extent to which US president-elect, Donald Trump, has helped stimulate the world’s commodity markets further following a somewhat vague...
Glencore rehabilitation complete as unveils $1bn dividend
GLENCORE gave notice of its rehabilitation following a tumultuous 2015/16 saying it would pay a dividend of $1bn in two halves during its 2017...
Anglo concludes sale of Exxaro Resources stake for R3bn
ANGLO American confirmed it had sold its 9.7% stake in Exxaro Resources for R3bn ($215m) or some R87/share representing a 10% discount to Exxaro's...