African Gold SPAC to target ‘well-trodden’ mining countries

Bids for Optimum are expected to be finalized by the end of November, with due diligence starting on Monday.

Failing to get the project off the ground would deprive Mozambique of a source of revenue it’s come to rely on. Coal is Mozambique’s biggest export.

Head of the mines division said a previous production forecast of 59.3 tonnes of gold for 2018 had been marginally increased.

The miner now expects to produce 480,000 ounces of gold, down from a range of 505,000 to 515,000 ounces it estimated in May.

Mining companies are upending rural communities and undermining air and water quality while government authorities fail to rein in abuses.

Experts say that, when done correctly, artisanal mining can be an ethical source of low-cost, high-grade cobalt and a key mechanism in keeping the market balanced during times of supply shortage.

South African miner Exxaro is eyeing South32's local coal assets, which include an export quota, as it looks to increase its exports.

South African mining executives, investors and officials gather in the nation’s economic hub for the Joburg Indaba conference. Here are the latest developments, updated throughout the day.

South Africa's National Union of Mineworkers (NUM) signs three-year wage deal with platinum producer Northam Platinum that secures wage hikes of more than double the inflation rate for its members.