Off The Wires

Anglo to relocate head office in cost drive

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Anglo American is reportedly moving its head office to cut costs but there was no planned move back to South Africa.

World Bank cuts Madagascar growth prospects

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Madagascar's economic growth forecast has been trimmed by the World Bank to 3.5% this year from 4% previously owing to a slowdown in mining activity.

Tax dispute hits Zambia copper output

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A tax dispute with miners meant Zambia was unlikely to produce more copper this year than last, said its mines minister, Christopher Yaluma.

Lonmin facing court date with community

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The Bapo ba Mogale traditional community is to march at Lonmin's premises in protest against 3,200 planned job losses which it says violates a BEE deal with it.

Zambia sells ZCCM stake for $79m

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Zambia has sold a stake in copper producer ZCCM to its National Pension Scheme Authority for $79m to help plug a forecast fiscal gap.

Ghana censured over gold mine child workers

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Companies buying gold from Ghana should ensure the metal wasn't been mined by child workers in the west African country, said Human Rights Watch.

Blyvoor focus of ‘urgent’ ministerial meeting

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The humanitarian crisis at west Johannesburg mine, Blyvooruitzicht, would be the focus of an urgent meeting led by Ngoako Ramatlhodi, SA's mines minister.

Qatari second thoughts negative for QKR

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Qatar's wealth fund is conducting a review of its investment strategy which could be potentially negative for Navachab gold mine owner, QKR Corporation.

Barclays-backed firm to build Botswana mine

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A private equity firm backed by Barclays is to build a 3.6 million tonne/year copper mine in Botswana's Kalahari Copperbelt from 2016.

Exxaro Total deal needs community stake

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Exxaro Resources must offer shares in Total Coal South Africa to communities before it can have an agreement to buy the firm approved by the government.