Switzerland’s top prosecutor opened a criminal probe against “unknown perpetrators” suspected of bribing foreign officials after a public interest group filed a complaint in 2017 against Glencore, adding to international scrutiny of the world’s biggest…
Swiss open criminal probe after Glencore complaint by NGO Read More »
Returns for investors in Chinese rare earths stocks are looking anything but scarce.
Investors are piling into the sector on speculation the materials may be weaponized in China’s tit-for-tat trade war with the US President Xi Jinping’s visit to a rar…
Rare earths give abundant returns as investors guess trade twist Read More »
Tanzania will no longer allow Acacia Mining to manage its mines in the country and will only work with the company’s parent, Barrick Gold, to resolve the two-year impasse that has stymied operations, a government spokesman said.
“We will no longer wor…
Tanzania says Acacia won’t be allowed any role in country Read More »
Lonmin investors have backed the platinum producer’s takeover by Sibanye-Stillwater, bringing to an end a company that was once part of a business empire synonymous with British capitalism in Africa. Sibanye’s all-share takeover was backed by 98.87% of…
Lonmin investors back Sibanye deal to create a platinum giant Read More »
Eskom Holdings’ 96-year history is replete with former CEOs who rose from within South Africa’s debt-laden State utility to run the company. There are few obvious choices for the next CEO to come from those same ranks. Two possible candidates from Esko…
Eskom insiders provide ‘very limited’ choices to replace CEO Read More »
Tanzania intends to collect 470.9-billion shillings ($205.5-million) from minerals in 2019-20, compared with a projected income of 310.6-billion shillings in the fiscal year ending June 30. The East African nation plans to boost production and exports,…
Tanzania targets big increase in mineral revenue Read More »
Saudi Arabian Mining is weighing a plan to raise as much as $5-billion through a rights offering that could be the biggest since mid-2018, according to people with knowledge of the matter. The shares slumped.
The company, also known as Maaden, is work…
Saudi miner said to weigh world’s biggest rights issue in a year Read More »
A magnitude 8.0 earthquake struck northern Peru early Sunday near copper and gold mines, prompting officials to activate emergency protocols.
The quake hit at 2:41 a.m. local time, according to the European-Mediterranean Seismological Centre. The US G…
Earthquake rattles northern Peru near gold and copper mines Read More »
A low-ball proposal by parent Barrick Gold to buy out Acacia Mining is an “appropriate” and “elegant” solution to a two-year dispute that has devastated the relationship between the global miner and one of its African subsidiaries, Barrick’s CEO says. …
Barrick CEO says nothing exploitive in play for Acacia shares Read More »
Africa’s biggest bank said Lonmin investors should reject Sibanye-Stillwater’s takeover offer as it undervalues the platinum miner’s assets by as much as R6.64-billion. While Sibanye’s offer equates to R11.60 a share, Lonmin’s value at current metal pr…
Bank says Lonmin investors should reject Sibanye offer Read More »
