The local mining landscape has changed significantly in the quarter century following Nelson Mandela’s inauguration as the first democratically elected President of South Africa.
Challenges persist, but mining sector has made huge strides since 1994 Read More »
Dual-listed Sibanye-Stillwater and platinum miner Lonmin on Thursday announced that their boards have reached an agreement on the terms of an increased recommended all-share offer for Lonmin’s entire share capital. The boards believe the higher offer r…
Sibanye increases offer for Lonmin Read More »
Africa is likely to experience continued oil and gas investment over the next three to five years as the stabilisation of crude prices above $60/bl, coupled with the continent’s rapidly expanding population, lure oil producers to one of the last remain…
Stable oil price drives investment in burgeoning African oil, gas sector Read More »
London-listed Acacia Mining, which has various operations in Tanzania, has posted an adjusted net loss of $7-million for the quarter ended March 31, compared with adjusted net earnings of $7-million in the first quarter of 2018. It produced 104 899 oz …
Acacia swings to first-quarter loss on operational challenges, lower production Read More »
US oil giant ExxonMobil will increase its exploration acreage in Namibia by about 28 000 km2 following the signing of an agreement with the Namibian government and State-owned National Petroleum Corporation of Namibia (Namcor) for blocks 1710 and 1810,…
ExxonMobil acquires more exploration acreage off Namibian coast Read More »
Anglo American Platinum’s first-quarter production was significantly impacted on by power disruptions, with total platinum group metal production down 6% year-on-year. The year-on-year dip to 998 900 oz of PGM was also as a result of the one-off benefi…
Power disruptions hinder Amplats’ first quarter production Read More »
TSX-listed B2Gold exceeded its first-quarter production and sales guidance by 6%, producing 230 859 oz and selling 232 076 oz of gold. The Fekola, Masbate, Otjikoto and El Limon mines all exceeded their targeted production, with the Mali-based Fekola a…
Majority of B2Gold’s mines outperform guidance in strong first quarter Read More »
Since the start of 2016, assets in European gold-backed exchange-traded products (ETPs) have grown rapidly, hitting a record high of 1 121.4 t ($48-billion) in the first quarter of this year, the World Gold Council (WGC) reported on Wednesday. Since th…
The Kibali gold mine – ranked among the world’s top ten gold mines – has “made a strong start” to this year after having set a new production record in 2018, Barrick Gold president and CEO Mark Bristow says. Bristow says the mine, which is a joint vent…
Kibali to break more records this year – Bristow Read More »
Gold production increased for the tenth consecutive year in 2018 to 107.3-million ounces and is expected to reach a new record high of 109.6-million ounces this year, S&P Global Market Intelligence research analyst Christopher Galbraith said on Tue…
Gold output to reach record high this year – report Read More »
