Fund may bid for AngloGold’s Navachab
AngloGold Ashanti was discussing the sale of its Namibian mine, Navachab, with QKR Corporation, a private equity firm headed by former JPMorgan banker, Lloyd Pengilly.
Aquarius Pt underwrites BEE shares
Aquarius Platinum said share price weakness this year had meant it had to provide guarantees to the stock held by its empowerment partners.
Guinea signs infrastructure deals for bauxite
Guinea has signed infrastructure sharing agreements with two mining firms in an effort to accelerate the development of bauxite mines in the west African country.
Universal buys Exxaro’s New Clydesdale
Universal Coal said it would buy Exxaro Resources' New Clydesdale Colliery which was adjacent to its Roodekop operation.
Lungu illness creates Zambia uncertainty
Edgar Lungu, the recently elected president of Zambia, has been diagnosed with a rare disease that has created more uncertainty for the country.
Yaluma says Glencore acting illegally
Glencore had acted illegally by reducing mining activity at its Sable Zinc Kabwe facility in Zambia, said the country's mines minister, Christopher Yaluma.
SA mining output hits low for year
South African mining production contracted unexpectedly by 4.8% in September — its lowest level in a year — compared to a year ago.
Namibia gem polishers on tenterhooks
Namibian diamond polishers will only know if they can renew contracts once a new agreement with De Beers and the Namibian government is signed.
Guinea puts Simandou out to tender
Guinea has put the rights to the Simandou iron ore prospect, formerly owned by BSG Resources and Vale, out to tender with ArcelorMittal and Glencore interested.
Kibo Mining starts Tanzania feasibility
Kibo Mining said upgrading the resource of its Tanzania coal deposit Rukwa marked the first stage in a feasibility study to build a coal-fired power station.