North American-headquartered miner Lucara Diamond Corporation expects to recover between 370 000 ct and 410 000 ct of diamonds from its Karowe mine, in Botswana, in 2020.
The company on Friday provided its operating guidance for next year.
Lucara to make underground mining decision in latter half of 2020 Read More »
While Zambian miner Kagem Mining successfully generated $27-million in sales from an emerald auction held earlier this week, it says the country’s "extreme" tax rates are crippling the gemstone industry. Kagem is 25% owned by the Zambian Indust…
Zambian tax structure is crippling gemstone industry, says miner Read More »
The Petroleum Agency of South Africa (Pasa) has awarded hydrocarbon exploration licences totalling 30 132 km2 to six junior mining companies in a bid to help resolve the country’s energy crisis.
There has been very little hydrocarbon exploration acti…
Six juniors to scope South Africa’s onshore hydrocarbon potential Read More »
TSX- and NYSE-listed Platinum Group Metals (PTM) expects its Waterberg joint venture (JV) partners to approve the project’s definitive feasibility study (DFS) during next month, while approval of a mining right is also pending.
PTM says the positive …
Implats to decide if it wants to develop Waterberg project Read More »
JSE-listed Impala Platinum (Implats) has progressed with due diligence for the acquisition of outstanding shares in TSX-listed North American Palladium (NAP).
The $758-million, or R11-billion, merger has been approved by the Canadian and German compe…
Implats expects merger with NAP to be finalised by mid-December Read More »
The Centre for Environmental Rights (CER) says that although the majority of South African corporate companies recognise climate change as an already occurring and imminently worsening risk, they are slow to mitigate and manage these risks, at least ac…
Climate risk widely acknowledged, but rarely incorporated into strategy Read More »
Investment holding and equipment distribution company Invicta on Monday reported a 1 046% year-on-year increase in basic earnings a share to 149c for the six months ended September 30. Headline earnings a share increased by 2 029% to 149c apiece.
Invicta interim earnings, cash generation increase Read More »
JSE- and NYSE-listed Sasol expects its headline earnings per share (HEPS) for the six months to end December 31, to be at least 20%, or R4.65, lower than the HEPS of R23.25 reported for the six months ended December 31, 2018. The company on Monday said…
Sasol warns of lower interim earnings Read More »
The World Diamond Council says governments have failed to reach consensus on a strengthened scope for the Kimberley Process (KP) during this year’s KP plenary meeting, which was held in India earlier this week. The meeting was expected to discuss the e…
KP plenary fails to reach consensus on strengthened scope Read More »
The World Diamond Council says governments have failed to reach consensus on a strengthened scope for the Kimberley Process (KP) during this year’s KP plenary meeting, which was held in India earlier this week. The meeting was expected to discuss the e…
KP plenary fails to reach consensus on strengthened scope Read More »
