Sibanye-Stillwater profit soars, targets push for greener tech in future output

Metallon Corp. is considering paying mining-equipment suppliers in gold because a cash shortage in Zimbabwe is hampering its plan to expand output.

Companies including Glencore, China Moly and Randgold Resources Ltd. have criticized the new laws as violating their rights, as well as being a deterrent to future investment, and are continuing to lobby for it to be significantly modified.

The Democratic Republic of Congo will declare cobalt a strategic metal, imposing a 10 percent royalty tax on producers.

Ramaphosa revealed highlights of the plan at a Sept. 14 meeting and the full package should be announced at the Oct. 24 midterm budget.

Eskom said on Monday that it had fewer than 20 days of coal supplies at 10 of its 15 coal-fired power stations, posing a threat to national power supplies.

The transaction would create the world’s No.2 platinum producer as Lonmin is the world’s third-largest while Sibanye-Stillwater is the fourth.

Three-year wage deal may inch the country's gold industry a closer to ending a standoff over pay.

Johan Dippenaar has held the top position since 2005, when Petra merged with Crown Diamonds.

According to Lucapa, policy shifts in the southern African country allow management to plan for the sale of such high-value stones, something the company was not able to do before.