Northam Platinum Holdings plans to spend about $1.13 billion to become the top shareholder in Royal Bafokeng.

Gold production from the 13 mines operated by major miners stood at 47.1 tonnes by the end of September.

The country has 12 offshore blocks open for bidding at the moment and is seeking new investors to develop its gas resources.

A Reuters investigation in 2019 found that UAE took in gold worth billions of dollars smuggled from Africa.

The Canadian miner aims to produce about 190,000 ounces in the first 12 months, ramping up to 240,000oz annually for at least six years.

Artisanal miners often use old-fashioned and unregulated methods of digging, leading to frequent deadly accidents.

AngloGold’s new “simplified structure” will mean local managers report only to the chief operations officer and chief executive officer.

The miner recorded a cash flow of $342 million in the third quarter of 2021, compared to $318 million in the second quarter.