Platinum group metals mining and marketing company Anglo American Platinum on Tuesday announced shared value worth R2-billion for host and labour-sending communities one year early as a result of recent strong share price performance. The settlement wi…
Anglo American Platinum to transfer R2bn value to communities Read More »
Nemaska Lithium has accepted a sale proposal structured as a credit bid from a group made of the corporation’s largest secured creditor, Orion Mine Finance, Investissement Québec and The Pallinghurst Group.
The sale, announced on Monday, comes at th…
Nemaska Lithium accepts bid from Orion, IQ and Pallinghurst Read More »
Net cash generated from operating activities in the six months to June 30 increased 100% to $11.1-million amid unprecedented Covid-19 disruptions, drilling services company Master Drilling reported on Tuesday The Johannesburg Stock Exchange-listed comp…
Master Drilling’s net half-year operating cash up 100% Read More »
De Beers has finally decided to cut the price of its diamonds in a bid to spark sales after the coronavirus pandemic paralyzed the industry. De Beers, the world’s biggest producer, told customers that it is cutting prices for larger stones by almost 10…
De Beers cuts diamond prices after Covid-19 curbs demand Read More »
Workers at Indonesia’s Grasberg gold and copper mine operated by the local unit of Freeport-McMoRan extended a protest into a second day on Tuesday as they demanded an easing of a coronavirus lockdown
More than 1 000 mine workers had joined the second…
Protest at Freeport’s Grasberg mine in Indonesia extends to second day Read More »
Higher nickel prices has boosted the bottom-line for producer Western Areas during the full year ended June, despite a decrease in both production and sales for the 12 months under review.
ASX-listed Western Areas on Tuesday reported that sales revenu…
Western Areas posts highest NPAT in seven years Read More »
A prefeasibility study (PFS) into the Sorby Hills lead/silver/zinc project, in Western Australia, has placed a price tag of A$183-million on the project.
The PFS estimated that the project could produce some 81 000 t/y of 62% lead/silver concentrate c…
Sorby Hills to cost A$183m Read More »
ASX-listed Oil Search has reported a 264% fall in net profits after tax for the first half of 2020, as oil prices tumbled amid the Covid-19 pandemic.
The company on Tuesday reported a net loss after tax of $266.2-million, compared with a net profit o…
Falling oil price hits Oil Search Read More »
Gold miner Resolute Mining on Tuesday said that operations at its Syama mine, in Mali, has remained unaffected by the recent coup.
Military officers last week overthrew Malian President Ibrahim Boubacar Keita, seizing control of the country.
Syama safe – Resolute Read More »
The federal government has awarded ASX-listed BCI Minerals Major Project status for its Mardie salt and potash project, in Western Australia.
Major Project status provides companies with extra support from the Major Projects Facilitation Agency, inclu…
Western Australian salt project gets federal backing Read More »
