Gold Fields to extend Tarkwa after lifting gold reserve price
GOLD Fields said on Wednesday it hoped to renew the mining lease of Tarkwa after the group increased the Ghana mine's gold reserves by...
ARM abandons new coal investments
AFRICAN Rainbow Minerals is to halt investment in new coal projects, citing increasingly stringent environmental regulations.
The group, led by former lawyer Patrice Motsepe, identified...
Gold industry “screaming out” for consolidation despite price
THE world's gold industry was still ripe for consolidation although the historic price highs in the metal would present some obstacles.
"I suspect over the...
Investors propose international agency to monitor mining
A COALITION of investors managing $18 trillion in assets has called for the establishment of an independent International Minerals Agency modelled on the International...
Resource disputes reach decade-high amid mineral scramble
DISAGREEMENTS between governments and investors over natural resources have surged to a 10-year peak, with 32 disputes already lodged this year, said Reuters citing...
Kore in talks to sell company after derisking $2.2bn Kola
KORE Potash, the mineral fertiliser developer, has received two offers to buy the company, it said in an announcement on Tuesday.
The bids were non-binding...
Gold holds near $4,000 after China tax change
GOLD held around $4,000 an ounce after a weak start on Monday, as China ended a long-standing tax rebate for some retailers, said Bloomberg...
Rio Tinto urged to make “now or never” bid for Teck
ACTIVIST fund Palliser Capital has urged Rio Tinto to mount a counterbid for Teck Resources which recently set out terms for a nil-premium merger...
Exxaro sells ferrosilicon assets for R250m to EverSeed
EXXARO Resources announced on Monday the sale of its ferrosilicon assets for R250m which it said was in line with its strategy to focus...
Newmont CEO says Ghana’s fiscal stability key
NEWMONT CEO Tom Palmer emphasised the importance of fiscal certainty and equitable taxation in attracting mining capital, as the company inaugurated its $900m Ahafo...