Omnia to recommend R21.5bn buyout from India’s Solar
OMNIA Holdings said on Monday it had received a buyout offer from Indian company Solar Industries worth R21.5bn.
The offer, which values the South African...
Three years of giving junior mining a voice
On 12 September 2023, a significant new chapter was written in South Africa’s mining industry at the Johannesburg Stock Exchange (JSE).
The launch of the...
US pledges support for Kenya’s minerals push
A SENIOR US official said this week Washington would help Kenya build a critical minerals processing industry. The offer comes amid US-China rivalry over...
Rare gemstones gain favour as supplies tighten
A SHRINKING supply of natural gemstones is pushing collectors and jewellers beyond the traditional favourites that have dominated the market since the Second World...
Transnet targets leap in coal exports despite cash squeeze
TRANSNET has targeted 65 million tons (Mt) in delivered coal exports after another year of rail volume growth, but debt and weak cash generation...
Miners doubt if Transnet’s rail reform is bankable
SOUTH Africa's freight rail reform has moved past the stage of being dismissed as another policy aspiration without a timetable. The Transnet Rail Infrastructure...
Rio Tinto to buy Glencore bauxite project
RIO Tinto has agreed to buy the Aurukun bauxite project in Queensland from Glencore and Mitsubishi Development for an undisclosed sum, Bloomberg reported.
The project...
Motsepe-backed phosphate producer Kropz puts 238 jobs at risk
KROPZ, a phosphate producer majority-owned by Patrice Motsepe’s African Rainbow Capital (ARC), will restructure its Elandsfontein mine in South Africa, putting 238 contractor jobs...
Congo tightens grip on geological data
THE Democratic Republic of Congo plans to tighten state control over geological data used by mining companies, Reuters reported.
The move could give the country...
What resource nationalism means for Africa’s miners
Governments across Africa are seeking to assert greater control over their mineral wealth by rewriting mining codes, demanding larger equity stakes or greater local...