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Amplats warns H1 profits to fall on impairments, rand

South Africa's Anglo American Platinum (Amplats) expects half-year profits to fall by as much as 67 percent due to a stronger rand, lower sales and post-tax impairments, the company said on Tuesday.

Reuters | July 18, 2017 | 11:25 am

Clean energy transition to increase demand for minerals — World Bank

Big winners will be aluminum, copper, lead, lithium, manganese, nickel, silver, steel, and zinc and rare earth minerals such as indium, molybdenum, and neodymium.

World Bank | July 18, 2017 | 6:10 am

World’s second-largest diamond ‘too big’ to sell

Lucara Diamond’s Lesedi La Rona is said to face challenges other rock never do, including its multi-million-dollar price tag and a risky polishing process that can take months or years.

Cecilia Jamasmie | July 17, 2017 | 7:02 am

Botswana Diamonds jumps on prospecting licence expansion

Vutomi licences were extended into additional area of mineralization adjacent to the firm’s Frischgewaagt project in South Africa.

Cecilia Jamasmie | July 17, 2017 | 4:00 am

Botswana Diamonds soars on lucky find at South Africa’s Ontevreden

The company identified a group 2 kimberlite pipe in an area known by its high-grade diamonds.

Cecilia Jamasmie | July 14, 2017 | 8:06 am

South Africa halts new black ownership rules for mines

The suspension follows a pending a judgement in an urgent interdict application by the country's Chamber of Mines.

Cecilia Jamasmie | July 14, 2017 | 5:18 am

Acacia agrees to pay higher taxes set in Tanzania new mining law

It means that the miner, which had revenue of $1bn last year, will pay about $31 million extra in royalties a year.

Cecilia Jamasmie | July 14, 2017 | 3:36 am

AngloGold taking Tanzania to UN court over country’s new mining law

The miner said it continues to seek a “constructive dialogue” with the country's government to gain assurance that its operations will not be affected by newly enacted mining law.

Cecilia Jamasmie | July 13, 2017 | 9:15 am

Congo revamps Inga hydro project in bid to make it economical

Democratic Republic of Congo has decided to more than double the size of its planned Inga 3 hydroelectric plant to make it more economical, after the $14 billion project was hit by financing problems.

Reuters | July 12, 2017 | 10:28 am

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Caledonia mulls listing on new Zimbabwe stock exchange

De Beers sales show steady recovery in diamond market

Pensana Rare Earths looks into UK processing facility

Nigeria pins hopes on first gold project to boost mining sector

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