CITIC takes Ivanhoe stake for $555m despite DRC legal challenge
CHINESE state-owned company CITIC is to buy a 19.9% stake in Canada's Ivanhoe Mines for $555m, said Reuters citing a statement by the companies.
The...
Paladin appoints Newcrest’s Scott Sullivan as CEO Molyneux steps down
PALADIN Energy, the Namibia-focused uranium producer, said it had appointed Scott Sullivan, formerly GM of Newcrest Mining's Telfer gold/copper mine, as its CEO following...
Acacia reports fatality at North Mara’s Gokona deposit
ACACIA Mining said an employee had been killed on June 11 in an accident at the Gokona deposit of its North Mara mine in...
AMCU tables R12,500/month basic wage demand for gold miners
THE Association of Mineworkers & Construction Union (AMCU) plans to demand basic wages of R12,500 per month for members working in South Africa's gold...
Botswana’s Morupule mine to expand as SA producers chase exports
BOTSWANA'S Morupule Coal Mine will ramp up annual production to eight million tonnes a year (Mt/y) from current output of 2.8Mt/y and is targeting...
Legal fight likely in DRC as Mining Code regulations become law
MINING companies including Glencore, Randgold Resources, and AngloGold Ashanti failed to persuade the Democratic Republic of Congo (DRC) to alter proposed changes to its...
Alphamin studying potential DRC Mining Code exemptions
ALPHAMIN Resources, the Toronto- and Johannesburg-listed tin development company, said it noted provisions in the Democratic Republic of Congo's (DRC's) mining code that could...
Cupric Canyon to start construction on Khoemacau in October
CUPRIC Canyon, a North American private equity firm, will begin construction of the Khoemacau copper project in Botswana in October, said Reuters.
Citing Johannes Tsimako, a...
Seismic events a fact of life in deep underground mining
SEISMIC events in deep underground mining were a fact of life, said Reuters citing the comments of Neal Froneman, CEO of Sibanye-Stillwater. Froneman was...
Platinum market to begin slow recovery this year – GFMS
THE platinum price would begin to recover this year amid a market deficit which would reach a four-year peak whilst the palladium market would...