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...
Uganda is the latest African nation to target gold purchases
UGANDA is the latest African nation to turn to gold to back up its currency after it set out plans for domestic purchases of...
UN says IRH Mining dealmaker met with gold smugglers
THE chief strategist of United Arab Emirates firm IRH Mining, which recently outbid Sibanye-Stillwater for control of Zambia's Mopani Copper, had dealings with gold...
BHP to shut Aussie nickel assets as impairments rise to $3.8bn
BHP is to suspend its Australian nickel production until 2027 at least, saying it was unable to "ovecome the substantial economic challenges" of global...