In election year, South African mines bleed cash, jobsThe country's biggest mining investors are halting plans to spend billions of rand on new projects in response to a slump in profits.Reuters | February 21, 2024 | 7:54 am
Burkina Faso suspends export permits for small-scale gold productionGold is Burkina Faso's main export, accounting for 37% of…Reuters | February 21, 2024 | 7:46 am
First Quantum inks $500 million copper deal with Jiangxi amid Panama mine strugglesJiangxi Copper, the Canadian miner’s top shareholder, will receive 50,000…Cecilia Jamasmie | February 21, 2024 | 3:47 am
Platinum deficit in 2023 to be deeper than expected – WPIC Power supply risks, operational challenges limit supply growth. Reuters | March 8, 2023 | 5:18 am
Sibanye-Stillwater secures controlling stake in New Century Resources The precious metals miner now controls nearly 71% of New Century Resources, for which it launched an unsolicited takeover bid in February. Cecilia Jamasmie | March 7, 2023 | 3:23 am
Cobalt market saw record-breaking supply boom in 2022 Mined cobalt supply grew by 23% to 187,060 tons in 2022, in a supply swell that wiped out a large deficit seen in 2021. Bloomberg News | March 6, 2023 | 4:45 pm
Rio Tinto settles US bribery case linked to Simandou mine Allegations related to the company’s efforts to retain valuable mining rights in Guinea in 2011. Bloomberg News | March 6, 2023 | 4:11 pm
Botswana mining growth seen flat amid dim diamond outlook In 2023, Botswana expects diamond output to decline by 1%. Reuters | March 1, 2023 | 7:41 am
Harmony Gold CEO says gold sector consolidation ‘inevitable’ Profit was boosted by higher metal grades and prices. Reuters | March 1, 2023 | 7:31 am
Quest for world’s biggest diamonds gives De Beers a headache To the southeast of the teeming herds of wildlife in the Okavango Delta in Botswana, an offshoot of the Lundin mining dynasty is extending its search for the world’s biggest diamonds. Bloomberg News | February 28, 2023 | 8:04 am
Mali forecasts 3.5% decline in industrial gold output in 2023 The decline is mainly due to a drop in production expected at Barrick Gold's Somilo/Gounkoto mine and B2Gold's Fekola mine. Reuters | February 28, 2023 | 7:50 am
Sibanye Stillwater reports 49% fall in annual profit A lengthy strike at its South African gold mines and flooding at its US platinum operations impacted production. Reuters | February 28, 2023 | 7:46 am