Barrick increases second quarter production but costs rise
BARRICK Gold increased second quarter gold production nearly 0.9% compared to the first owing to higher output at Turquoise Ridge in Nevada and expansion...
Assore buys R900m stake in first non-African copper prospect
ASSORE, the 96-year old mining investment firm led by the Sacco family, has bought a C$68m (R900m) stake in Marimaca Copper, a Toronto-listed firm...
Simandou project receives regulatory approvals, says Rio Tinto
RIO Tinto's Simandou iron ore project in Guinea received all regulatory approvals including those from the local and Chinese governments, said Reuters citing a...
Zimbabwe’s Kuvimba in talks to raise $150m for gold expansion
KUVIMBA Mining House, Zimbabwe's state-controlled gold miner, is negotiating with potential partners for a $150m investment aimed at boosting production 50% at its Shamva...
Petra surprises on net debt but misses on 2024 production
PRODUCTION from Williamson mine in Tanzania and receipt of revenue from a delayed sale enabled Petra Diamonds to cut net debt as of its...
Northam Platinum reports 10% boost in refined PGMs
NORTHAM Platinum increased platinum group metals (PGMs) production 10% in its 2024 financial year amid a pause in its growth projects.
Commenting in a production...
Amplats unbundling requires “surgical” hand, says bank
ANGLO American is not only facing difficult market conditions in terms of its restructuring plans laid out in May aimed at 'daylighting' the group's...
Plant closures not enough to stimulate the nickel price
AN estimated 400,000 ton cut in nickel production in the last year, about 10% of total production, might not be enough to stimulate the...
Thirty-six nations meet to hammer out deep sea mining code
THE United Nations' International Seabed Authority (ISA) will meet today to hammer out regulations governing deep sea mining despite objections from at least 27...
SA’s Government of National Unity on “a knife-edge” – Froneman
SOUTH Africa was on "a knife edge" and would lose the support of business if the government of national unity (GNU) fails to "treat...