Hummingbird sets new date for commercial output at Kouroussa
HUMMINGBIRD Resources said it expected to reach commercial production at its Kouroussa mine in Guinea in the third quarter – nearly a year after...
Andrada to flip up empowerment stake in Uis mine
ANDRADA Mining today announced plans to streamline its ownership structure in which it will take a 100% interest in its underlying Namibia-registered Uis Tin...
Petra Diamonds lays out new $100m/y expansion plans
PETRA Diamonds on Thursday detailed expansion plans for its Finsch and Cullinan mines in South Africa in which production is projected to between 3.4...
Barrick has been too reticent on M&A, says chairman
JOHN Thornton listed a reticence in mergers and acquisitions as a number one mistake since becoming a director of Barrick Gold in 2012.
"Barrick has...
Minerals Council urges GNU to take mining seriously
MINERALS Council CEO Mzila Mthenjane believes it is "absolutely critical" that the newly-formed Government of National Unity (GNU) will view business as partner in...
Diamonds in ‘downward spiral’ as De Beers sales falter again
ROUGH diamond sales fell again for De Beers with no signs of the much desired diamond market recovery on the way.
Al Cook, De Beers...
Global miners facing 80% haircut in 2023/24
NET profits earned by the world’s 40 biggest miners plunged by 44% in 2023 compared with 2022 and are expected to drop by another...
Exxaro to boost coal exports as circumvents struggling RBCT
EXXARO Resources forecast a nine percent period-on-period improvement in coal exports after finding alternative routes for its sales.
The Johannesburg-listed firm said in an update...
Lucapa Diamond Co. sells Mothae to local contractor
LUCAPA Diamond Company is to sell its 70% stake in Mothae mine to Lephema Executive Transport, a local company that supplies services to the...
Laboratories overwhelmed by glut of copper projects – Smart
AN increase in copper exploration had overwhelmed accredited laboratories responsible for assay reports, said Orion Minerals CEO and MD Errol Smart.
Announcing assay results from...