ANC proposes sovereign wealth fund capitalising on mining and fuel
THE African National Congress (ANC) wanted to establish a sovereign wealth fund (SWF) before the next term of government with the focus of the...
South32 concludes $1.3bn acquisition of Arizona Mining
SOUTH32 said it had completed the $1.3bn acquisition of Arizona Mining, a zinc exploration company that is developing the Taylor deposit, located in a...
Randgold not yet paying higher DRC royalties, says Bristow
MARK Bristow, CEO of Randgold Resources, said his company was not yet paying higher royalties and taxes as required by the Democratic Republic of...
Bauba signs offtake chrome deal with $5m upfront sweetener
BAUBA Platinum has concluded a chrome ore offtake agreement with privately-held commodity trader, Gerald Metals, and Pelagic Resources, which includes an upfront $5m cash...
Gold Fields warns interim basic shares earnings to be at least...
GOLD Fields, the Johannesburg-headquartered gold producer, said interim basic share earnings ended June 30 would be at least one fifth lower than the seven...
Universal Coal bid for NBC closer after DMR approves mining right...
SYDNEY-listed, Universal Coal, said the South African government had approved the transfer of mining rights to the North Block Complex (NBC), thermal coal operations...
Wescoal to sell Braakfontein prospect in KZN for R103m to Sitatunga
WESCOAL Holdings continued the process of disposing of non-core assets selling its Braakfontein Colliery, an exploration project in KwaZulu-Natal, to an unlisted company called...
AngloGold Ashanti climbs up FTSE/JSE’s ESG index rankings
ANGLOGOLD Ashanti said it had significantly improved its rating on the FTSE/JSE Responsible Investment Index Series which grades listed companies' performance in terms of...
Miners opening taps on exploration as dearth of discovery looms
THE world's largest mining companies are scouring the world for the next generation of projects in an effort to keep production pipelines full, said...
Xolobeni project to be frozen by Mantashe owing to ‘social climate’
SOUTH African mines minister, Gwede Mantashe, intends to stop the progress of a mining application for the controversial Xolobeni titanium mine situated in the...