The boards of TSX-listed Katanga Mining and its subsidiary Kamoto Copper Company have approved the construction of an ion exchange plant and, subject to obtaining the required authorisations, plan to commission the plant in the second quarter. Katanga’…
Katanga plans to commission ion exchange plant in 2020 Read More »
Diversified miner Glencore has warned of a $350-million noncash loss within its marketing division for the six months ended June 30, as a result of lower cobalt prices. The miner reported that cobalt prices had decreased by about 50% year-on-year to $2…
Glencore’s African assets underperform Read More »
Chinese State-owned CITIC Metal’s C$612-million ($465-million) second equity investment in Canadian mining company Ivanhoe Mines is set to close on August 16, having received all necessary recordals and registration with Chinese government regulatory a…
CITIC’s C$612m second equity investment in Ivanhoe to close on August 16 Read More »
Diamond miner Petra Diamonds’ share price on the LSE rose more than 25% on Tuesday after CEO Richard Duffy assured shareholders that it would not need to raise further equity to refinance its bond. The company’s share price had fallen since it publishe…
Petra assures shareholders no equity raising on the cards Read More »
Poland, Russia and Turkey’s central banks increased their gold holdings by 94.9 t, 16.9 t and 11.3 t, respectively, in June, the World Gold Council (WGC) reported on Tuesday. Total global central bank holdings ended the month at 34 076 t, the WGC noted.
Poland, Russia and Turkey increase gold holdings Read More »
The development of the Makhado project will make MC Mining the pre-eminent South African producer of hard coking coal, the ASX-, JSE- and Aim-listed company said on Tuesday. Reporting on the company’s activities in the quarter ended June 30, CEO David …
Makhado to position MC as pre-eminent South African hard coking coal producer Read More »
De Beers Group’s sales decreased to $250-million for the sixth cycle of this year. This compares with the $391-million of diamonds sold in the fifth sales cycle of this year and the $533-million of diamonds sold in the sixth sales cycle of 2018.
High diamond inventory in the midstream results in lower sales for De Beers Read More »
Following the historic settlement of the silicosis and tuberculosis (TB) class action lawsuit brought against gold mining companies, the parties involved are targeting and efficient and effective implementation of the trust that will administer the fun…
Historic settlement welcomed, efficient execution of trust being targeted Read More »
The De Beers Group Designers Initiative’s Shining Light Awards this year encouraged participants to showcase how they celebrate heroines and heritage in their respective countries. Fashion and jewellery gurus from Botswana, Namibia, South Africa and It…
Shining Light Award winners to be announced in November Read More »
An employee died in a fall-of-ground incident at Harmony Gold’s Tshepong mine, near Welkom, on Thursday. An investigation into the accident is currently under way.
Fatality at Harmony’s Tshepong mine Read More »
