MINING.COM

With Congo finances collapsing, desperate government has few options

Democratic Republic of Congo's government seeks to head off a collapse in national finances that is hitting the economy.

Reuters | August 17, 2017 | 11:21 am

South Africa’s Sibanye Gold flags H1 earnings per share loss

South Africa's Sibanye Gold flagged up a first-half earnings per share loss on Thursday, citing provisions worth 1.1 billion rand ($84 million) for a possible settlement with miners who contracted lung diseases at work.

Reuters | August 17, 2017 | 9:54 am

Onerous procurement requirements of S. Africa’s 2017 Mining Charter to hit suppliers

While suppliers are not required to comply with the 2017 Charter, the procurement targets for Holders indirectly require them to meet such targets to remain competitive.

Baker McKenzie Johannesburg | August 17, 2017 | 8:22 am

Gem Diamonds mulls sale of halted Botswana mine as half-year revenue falls

The miner said it remains cautious about the state of the global market for both rough and polished diamonds, noting that financing challenges persist.

Cecilia Jamasmie | August 17, 2017 | 4:56 am

Congo reinstates miners’ VAT exemption on imports in U-turn

The government owes mining companies about $700 million in VAT reimbursements from before last year's suspension.

Reuters | August 16, 2017 | 2:03 pm

China’s Chalco plans $500m investment in Guinea bauxite project

The deal comes after a trip by the Guinean mines minister, Abdoulaye Magassouba, to China and follows other major Chinese investments in the resource-rich West African nation.

Reuters | August 16, 2017 | 10:11 am

Police detain central figure in mining’s largest corruption scandal

Israeli diamond billionaire Beny Steinmetz, four others, in custody of Israeli police on suspicion of fraud, forgery, obstruction of justice and bribery.

Frik Els | August 15, 2017 | 1:29 pm

Ross Beaty: “Trump will be forgotten”

In an exclusive Critical Resource Q&A, leading mining entrepreneur Ross Beaty gives his investment tips, puts the boot in on the Trump agenda, and calls for more renewables and less consumption to avoid ecological collapse.

Critical Resource | August 15, 2017 | 10:43 am

First Quantum mines in Zambia also affected by power supply cuts

Zambia's state power company made the decision amid an ongoing dispute over the implementation of new electricity tariffs in the country.

Cecilia Jamasmie | August 15, 2017 | 9:28 am

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White Metal kicks off exploration at Taranis

Pandemic impacts on mining employment – report

Kibali on track to deliver guidance, says Barrick CEO

Implats says workers suffer minor injuries in Rustenberg ‘incident’

Anglo American output in Q3 jumps, thanks to Collahuasi

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