Vedanta to sell overseas zinc business to India unit for $2.98 billionVedanta has $900 million of debt due in the first half of 2023.Bloomberg News | January 19, 2023 | 7:58 am
Congo sees deal on $6bn China mining contract overhaul this yearThe government is in active talks with representatives of Sicomines.Reuters | January 19, 2023 | 7:44 am
Zambia’s KCM to shut down Nchanga smelter between July and AugustKCM will spend $27.63 million on the process.Reuters | January 17, 2023 | 6:52 am
Massive expansions won’t hurt cobalt price as supply shifts to oligopoly – report As Congo’s cheap surface oxide ore is depleted, big miners are switching to underground sulphide sources, potentially giving the top 3 control of half the global supply of the battery metal. MINING.COM Staff Writer | August 16, 2021 | 11:55 am
BlueRock shares jump on biggest diamond found at Kareevlei The 58.6-carat diamond find follows the discovery of a 21.6 carat stone at the South African mine a week ago. Cecilia Jamasmie | August 16, 2021 | 7:03 am
Tycoon may have shifted assets to Zimbabwe after US sanctions Zimbabwe’s government is pressing ahead with a plan to combine its mining assets under a massive private-public enterprise. Bloomberg News | August 13, 2021 | 7:57 am
Tesla, Re|Source to launch final pilot in DRC to trace cobalt from mine to EVs Blockchain-based program is being tested in real operating conditions at multiple on-site pilots in DRC and Europe. Cecilia Jamasmie | August 13, 2021 | 5:58 am
Gemfields reaches record revenue at emerald auction It generated about $23.1 million in revenues – an all-time record for commercial-quality emeralds sold at auctions. Cecilia Jamasmie | August 12, 2021 | 9:10 am
Exxaro says rail snags will hit 2021 exports The company had been well placed to take advantage of strong demand from China this year. Reuters | August 12, 2021 | 9:00 am
Ivanhoe Mines realizes $95.7m loss in Q2, EPS lower than estimates Basic and diluted loss came to $0.09 per share, compared to zero in the comparable 2020 quarter and earnings of $0.02 per share in Q1 2021. MINING.COM Staff Writer | August 11, 2021 | 10:51 am
Danakali to leave London Stock Exchange The miner, which is developing the Colluli sulphate of potash project in Eritrea, will keep its Australian listing. Cecilia Jamasmie | August 11, 2021 | 6:40 am
Expansion of Lucara Diamond’s Karowe mine to take longer and cost more Lucara expects to achieve 75% of slated full production by late 2029, 1.3 years later than planned and spend $20m more than budgeted. Cecilia Jamasmie | August 11, 2021 | 4:50 am