Botswana rules out reckless De Beers spending
BOTSWANA will not compromise its financial stability to increase its stake in De Beers, said Bloomberg News citing the country's vice president Ndaba Gaolathe.
The...
US steps back into Niger with $414m uranium deal
THE US government has approved up to $414m in financing for a uranium project in Niger, Reuters reported.
The move comes two years after Niger...
Ivory Coast plans gold refinery start in 2027
IVORY COAST plans to start operating a gold refinery in the first half of 2027 as it seeks to expand local processing and become...
Iron ore majors struggle to replace depleted reserves
THE world’s biggest iron ore producers are depleting reserves faster than they can replace them, Bloomberg reported, citing research by Wood Mackenzie.
The trend is...
Fresh capital, old problems for Zimbabwe mining
ARE investors still too wary of Zimbabwe’s mining sector?
Two international miners – Caledonia Mining and Tharisa – think so, and both are committing significant...
Expensive yes, but $300m bond takes Tharisa to next step
UNTIL Northam Platinum unveiled plans last month to grow production by 50%, its smaller counterpart, Tharisa, was something of a rarity in the platinum...
Caledonia closes in on funding for $600m Bilboes project
CALEDONIA Mining said it was close to securing further funding for its Bilboes gold project in Zimbabwe, with a $150m interim bank facility due...
Pan African plans R500m buy-back after declaring record dividend
PAN African Resources announced plans to buy back up to R500m of its own shares after a surge in cash flow helped it declare...
Glencore faces $2bn lawsuit as it alleges Radiant World fraud
TRADING firm Radiant World has alleged Glencore deliberately kept the "true nature" of their partnership out of its own audited books, according to the...
Why Implats has changed its tune on Waterberg
IMPALA Platinum (Implats) earlier this month declared R13.1bn in final dividends, a sum that outshone its rivals. It also revised its payout policy in...