Mali suspends artisanal mining permits to foreigners
MALI has suspended the granting of new artisanal mining permits to foreigners following accidents in recent weeks that claimed 56 lives, many of them...
Amplats’s special dividend was “not good governance”
SPECIAL dividends are usually grounds for investor celebration. In the case of Anglo American Platinum (Amplats), however, there is reason for pause.
On February 17,...
Endeavour continues share buy-backs, targets higher cash flow
ENDEAVOUR Mining bought back $22m of its own shares so far this year, and said it would opportunistically repurchase more as it sought to...
Kenmare shares soar after firm rejects takeover proposal
KENMARE Resources said on Thursday it had rejected an initial €565m takeover bid from a consortium led by its former MD Michael Carvill.
The titanium...
Northam Platinum to prosper as CEO forecasts hard slog
A R3200 per ounce decline in the average basket price of platinum group metals (PGMs) would derail Northam Platinum's Eland project, described by the...
Flood of illegal gold miners endangering Ghana’s cocoa sector
GHANAIAN cocoa farmers are abandoning the crop despite a trebling in prices in favour of illegal gold mining, said the Financial Times.
It reported that...
Mining magnate Beny Steinmetz to be freed by top Greek court
GREECE'S top court has ordered the release of Israeli mining magnate Beny Steinmetz, setting aside a lower court ruling for his extradition to Romania...
Congo offers US minerals in exchange for security
THE Democratic Republic of Congo has offered the US exclusive access to its critical minerals and infrastructure projects in return for security assistance amid...
Harmony’s Nel says gold miner can’t hoard cash forever
HARMONY Gold CEO Beyers Nel acknowledged the company "cannot forever hoard cash", but a dividend policy adjustment or special payout was not yet in...
Platinum stocks fall to four months as supply deficit looms
THE platinum market is heading towards another major deficit this year while above-ground stocks of the metal fall to only four months' worth of...