A closely watched embankment at a Brazilian iron-ore mine run by Vale SA has begun to slide slowly into the bottom of a mining pit, the company said on Friday, reducing concerns that a sudden landslide would trigger a dangerous dam collapse.
Authoriti…
Slow landslide at Vale’s Gongo Soco reduces risk to dam Read More »
Fidelity International, one of the largest shareholders in Acacia Mining, said on Friday Barrick Gold’s low bid to buy the Acacia shares it does not already own showed a lack of judgment and it was a "no brainer" to reject it. The comments in a…
Rejection of Barrick bid is ‘no brainer’, top Acacia investor says Read More »
Australian Prime Minister Scott Morrison on Monday said aluminium exporters are complying with the terms of a deal with the United States after the New York Times reported President Donald Trump had considered imposing tariffs on Canberra.
The New Yor…
Bravura Consortium will spend more than $50-million to explore for and mine platinum in Zimbabwe, the Southern African country’s mines minister said on Friday, after both parties signed the agreement. Zimbabwe is seeking to quickly exploit its reserves…
Bravura to spend over $50m to explore for platinum in Zimbabwe Read More »
Zimbabwe mining companies can pay for electricity in foreign currency to guarantee supplies, the energy minister said on Friday, a day after he indicated there could be deeper power cuts in the country due to low dam water levels. Fortune Chasi said on…
Zimbabwe says mines can pay for power in foreign currency to secure supply Read More »
Global mining conglomerate Vedanta said on Friday its executives were unable to visit its Zambian Konkola Copper Mines (KCM) operation and engage with local management in a setback to efforts to ease tensions amid a legal battle with Zambia. Vedanta is…
Vedanta says execs unable to visit KCM Zambia operation, engage with management Read More »
Global mining conglomerate Vedanta Resources said on Friday it was seeking international arbitration over Zambia’s appointment of a provisional liquidator to run the company’s Konkola Copper Mines (KCM) business. Vedanta said on Friday its executives w…
Vedanta seeks intl arbitration to settle Zambia dispute Read More »
Zambia says its decision to punish miner Vedanta’s local operation for breaching environmental and financial regulations is a signal to other firms to follow the law, mines minister Richard Musukwa said on Thursday. Vedanta is fighting Zambia’s decisio…
Zambia’s Konkola mines case a ‘warning’ to foreign investors Read More »
Omnia Holdings said on Thursday it would undertake a rights offer of R2-billion in a bid to cut debt. Omnia, which raised funds for two acquisitions and the construction of a new fertiliser plant, said last month it had agreed to restructuring talks wi…
Omnia Holdings to undertake R2bn rights offer Read More »
China is willing to meet reasonable demand for rare earths from other countries, but it would be unacceptable that countries using Chinese rare earths to manufacture products would turn around and suppress China, its commerce ministry said.
That would…
China willing to meet reasonable rare earth demand from other countries Read More »
