South Africa’s power utility Eskom needs around R187-billion to comply fully with existing legislation curbing harmful emissions, a government presentation to parliament showed on Wednesday. Eskom, which uses mainly coal-fired power plants to generate …
Eskom needs R187bn to comply with new emissions laws Read More »
Russian businessman Vladimir Potanin, the biggest shareholder in Norilsk Nickel, said on Wednesday he would continue investing in the Russian mining giant when the opportunity arises.
Potanin made the comment in an interview with RBC TV. He currently…
Russian businessman Potanin says he may raise stake in Nornickel Read More »
Russian businessman Vladimir Potanin, the biggest shareholder in Norilsk Nickel, said on Wednesday he would continue investing in the Russian mining giant when the opportunity arises.
Potanin made the comment in an interview with RBC TV. He currently…
Russian businessman Potanin says to continue investing in Nornickel Read More »
Cyprus-based investment firm Sycamore Mining on Tuesday signed a pact with Guinea’s government to redevelop the Kiniero gold mine in the country’s east, the minerals minister said. Sycamore and three other mining companies had made takeover bids for th…
Sycamore Mining signs deal with Guinea to redevelop Kiniero gold mine Read More »
Under the blazing sun, a group of men use picks and shovels to dig up a bushy patch of land outside Zimbabwe’s second-largest city, stopping every few seconds to scan the soil for signs of gold. The 13 men, led by one carrying a metal detector, left op…
Homes, land destroyed as desperate Zimbabweans turn to illegal gold mining Read More »
Chinese iron ore futures recouped early losses to extend their rally into a sixth straight session on Tuesday as steel prices stretched gains amid shrinking inventories and possible fresh output restrictions to curb air pollution. Dalian Commodity Exch…
Iron-ore futures reverse losses as steel prices extend gains Read More »
Five months before an ambush killed 39 colleagues, local workers at a Canadian-owned gold mine in Burkina Faso pleaded with managers to fly them to the site rather than go by a road that was prone to attacks, two people present at the meeting said. The…
Mine workers demanded more protection before deadly Burkina Faso attack Read More »
The world’s largest mining trade group said on Monday it has concerns with global standards for mining waste dams being crafted by an independent panel of academics and engineers, especially how the new rules will apply equally to new and existing faci…
Proposed standards for mining waste dams draw concerns from industry trade group Read More »
Canadian miner Barrick Gold is keen to top its $1.5-billion target for asset sales after shedding its half of the Super Pit gold mine in Western Australia, CEO Mark Bristow said on Monday. The deal is a first step in Barrick’s plan to jettison at least…
Barrick seeks to eclipse $1.5bn asset sales target, eyes more copper Read More »
Rebar futures in China rose for a fifth consecutive session on Monday amid improving steel margins in the world’s top producer of the construction and manufacturing material. The Shanghai Futures Exchange’s most-traded contract for the construction mat…
Shanghai rebar extends rally as steel margins recover Read More »
