The sharp rise in iron-ore prices to over $90 per dry metric ton (dmt) from under $75/dmt since January, may be “more structural than initially anticipated”, says Fitch Ratings. It believes sustained iron-ore prices of above $85/dmt over the next 9 to …
Fitch warns iron-ore price increase may be ‘more structural’ than initially thought Read More »
Mineral Resources Minister Gwede Mantashe and Labour Minister Mildred Oliphant have welcomed the end of the Association of Mineworkers and Construction Union’s five-month strike at Sibanye-Stillwater’s gold operations. The parties announced the resolut…
Mantashe, Oliphant welcome end to Sibanye-Stillwater gold strike Read More »
TSX- and NYSE-listed Golden Star Resources on Thursday announced that Sam Coetzer will be leaving the company on April 30, and that Andrew Wray has been appointed as president and CEO, effective May 1. Golden Star chairperson Tim Baker said Wray “combi…
Wray to succeed Sam Coetzer as Golden Star CEO Read More »
TSX-listed Katanga Mining, a unit of Glencore, on Thursday announced that Glencore International’s Jeff Gerard would succeed Danny Callow as CEO of the company, effective May 2. Gerard’s appointment follows the signing of a management services agreemen…
Glencore’s Jeff Gerard appointed Katanga CEO Read More »
Aim-listed Ncondezi Energy has received a shareholder loan conversion notice for 764 165 shares from lenders to be converted at a conversion price of 10p a share. Admission of these shares on Aim is expected to take place on April 26.
Ncondezi receives shareholder loan conversion notice Read More »
The South African mining industry has continuously recommitted to the shared aspiration of zero harm, which aims to ensure that mineworkers return home from work unharmed every day. While there was an 86% decline in the number of fatalities from 1994 t…
Mining sector’s pursuit of ‘zero harm’ continues Read More »
Aim-listed Premier African Minerals on Wednesday said it would not proceed with the proposed conditional acquisitions of 50% of the KME Plant and 50% of the equity in Honey Badger Resources (HBR), until there is some finality on the RHA Tungsten mine’s…
Premier terminates KME Plant, Honey Badger transactions Read More »
Botswana-based Okavango Diamond Company on Wednesday unveiled “the biggest blue diamond discovery ever made” in Botswana – an oval-shaped blue diamond weighing in at over 20 ct. The Gemological Institute of America has graded the stone as an oval brill…
ODC unveils ‘iconic’ Okavango Blue diamond Read More »
Gold miner Acacia Mining on Monday reported gold production of 104 889 oz for the first quarter of this year, a 13% year-on-year decrease mainly as a result of lower output at the North Mara and Buzwagi mines. Gold ounces sold for the quarter, at 104 9…
Acacia reports 13% lower gold production for the first quarter Read More »
Empowered diversified miner Exxaro Resources on Friday reaffirmed its safety, health and environmental goals at its yearly Sustainability Summit, held in Lephalale, Limpopo. The summit is being held soon after the group celebrated a 24-month fatality-f…
Exxaro reaffirms health, safety goals at Sustainability Summit Read More »
