Alternative financing models for mining – report

President Joao Lourenço said changes aim at attracting more investment, increasing production and securing higher government revenue.

The South African Reserve Bank forecasts the economy will expand 1.7 percent this year in 2019 and 2 percent in 2020.

The proceeds will be used to used to pay down part of Harmony Gold's outstanding $150 million bridge loan for the Moab Khotsong mine.

The plant is expected to improve B2Gold’s economic returns, reduce impacts on the environment and become a potential funding source for community development.

Even best-case, mass early roll-out of new cobalt-light batteries won’t solve cobalt supply issues says new report.

Top supplier of battery raw material ups output 34% year on year.

Mines Minister Winston Chitando had last month promised to remove the requirements, which he said caused panic among foreign mining firms.

The decision is a setback for the Swiss commodity trader, which is facing multiple disputes in the central African nation.

The mine has probable reserves of 5 million tons at a grade of 31 carats per 100 tons and inferred resources of 10.3 million tons at 31 carats per 100 tons.