MINING.COM

South Africa’s mines minister to challenge court ruling on black ownership threshold

The appeal will add a layer of uncertainty to a sector battered for years by depressed prices, soaring costs and opaque policies.

Reuters | April 24, 2018 | 10:26 am

Congo’s state miner seeks to dissolve Glencore venture over debts

Gecamines said on Tuesday that debts owed by Kamoto to Glencore and its subsidiaries at the end of 2017 topped $9 billion.

Reuters | April 24, 2018 | 9:54 am

Anglo delays Minas Rio restart until year-end, will lose about $400 million

The announcement is the last of a string of difficulties Anglo has faced with the iron ore mine, which was expected to produce 16 million tonnes this year, but that will now generate just 3 million tonnes.

Cecilia Jamasmie | April 24, 2018 | 2:45 am

Randgold expects Kibali gold output to rise thanks to automation

Company said new technology will help the DRC mine achieve its 2018 production guidance of 730,000 ounces, despite challenges posed by the country's new mining code.

Cecilia Jamasmie | April 23, 2018 | 10:27 am

Gemfields talks up ‘responsibility’ amid lawsuit over alleged human rights abuses

The UK miner, which is the world's top coloured gems producer, is also adopting a new technology to further drive transparency in the sector.

Cecilia Jamasmie | April 23, 2018 | 9:53 am

Glencore’s prize cobalt miner is bogged down deeper in Congo

Katanga is mired in difficulties ranging from the prospect of higher taxes to a mounting legal battle with its Congolese partner, Gecamines.

Bloomberg News | April 23, 2018 | 9:50 am

Glencore says legal proceedings opened against Congo unit

High levels of debt at mining companies are becoming an increasingly heated issue in Congo, the world’s largest source of cobalt.

Bloomberg News | April 23, 2018 | 9:35 am

Petra Diamonds rallies on revenue growth, record output

Revenue for the quarter ended March 31 climbed 44% to $172 million, while production jumped 20% to a record quarterly volume of 1,194,947 carats.

Cecilia Jamasmie | April 23, 2018 | 7:54 am

DRC miners hopeful new code issues can be resolved

They said they expected authorities to realize the sliding scale they propose would be a more effective mechanism for the government to share in higher commodity prices than the windfall tax and strategic minerals scheme included in the new code.

Cecilia Jamasmie | April 23, 2018 | 5:45 am

First

Last

Gold Fields gets step closer to curbing reliance on Eskom

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

Implats half-year profit surges, hikes dividend

Deal for key metal in EV revolution brought bonanza for newcomer

Anglo American ended 2020 stronger than expected

Create FREE account or log in

to receive MINING.COM digests