MINING.COM

South Africa’s new mining charter to credit past black deals

The charter produced in 2017, drafted by previous Minerals Minister Mosebenzi Zwane, threatened as many as 100,000 jobs.

Bloomberg News | June 15, 2018 | 11:39 am

S.Africa’s draft law proposes 30 pct black ownership for mining firms within 5 years

Agreeing a new version of the charter is seen as instrumental to securing further investment in the mining sector.

Reuters | June 15, 2018 | 11:20 am

Glencore’s great game is avoiding US sanctions: Chris Bryant

Glencore says its subsidiaries will pay Gertler what he’s owed, only the funds will be transferred in euros and U.S. citizens won’t be involved.

Bloomberg Opinion | June 15, 2018 | 7:00 am

Glencore settles legal row with former partner over Congo royalties

The Swiss firm will make mining royalty payments to Dan Gertler in euros so that it doesn’t fall foul of US sanctions, which were placed on the Israeli billionaire last year.

Cecilia Jamasmie | June 15, 2018 | 2:58 am

Congo miner Gecamines plans to renegotiate with foreign partners

Heavily in debt and with dwindling output, Gecamines has long complained about its joint venture terms.

Reuters | June 14, 2018 | 11:51 am

Congo plans to start $13.9 bn hydropower project this year

The plant would form part of a larger Grand Inga hydropower complex spanning the Congo River.

Bloomberg News | June 14, 2018 | 11:33 am

South Africa’s Sibanye confirms all five missing miners’ dead

Sibanye-Stillwater has recovered the body of the fifth and final missing mine worker after a three-day search.

Reuters | June 14, 2018 | 10:08 am

Nevsun extends life of its Bisha mine in Eritrea until the end of 2022

Decision gives 18 months more than planned to the operation, which would result in additional production of 470 million pounds of zinc and 52 million pounds of copper during that period.

Cecilia Jamasmie | June 14, 2018 | 8:08 am

Petra Diamonds secures $170 million to help lower debt

Shareholders approved the discounted rights issue at a special meeting in London held Wednesday.

Cecilia Jamasmie | June 13, 2018 | 9:08 am

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