South African union wins case on covid-19 safety

Southern Africa finds itself at the center of the offshore bulk sediment mining debate as international companies rush to strip mine phosphate deposits in coastal waters of South Africa and Namibia.

World number two miner acquired Southern African coal assets for $3.7 billion in 2011 – sold it for $50 million three years later.

Project funding would be main priority, says Moody’s.

The miner said the decision applies to the entire 3,000 square kilometer Lulo site, a project that has bored some massive gems, including the largest diamond ever found in Angola.

The company, however, has decided to stay away from thermal coal assets due mainly to uncertainties over demand linked to climate concerns.

"We are working hard to have the mine ready to restart production": Robert Friedland

Canada’s Ivanhoe Mines and joint-venture partner Zijin Mining have transferred a further 15% interest in their Kamoa-Kakula copper project to the DRC’s government.

The world's second largest miner said the job cuts at its Australian iron ore business are part of a restructuring of the division.

The Johannesburg-based company, however, said it remained interested in a negotiated transaction.