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WEBMiningmx is a digital publication which provides independent news and analysis related to the African mining sector. The publication does not republish the content of other news vendors and focuses on producing best content through its …
Barrick agrees with Mali to resolve disputes amid arrests
WEB5 hours ago · October 1, 2024. BARRICK Gold said it had agreed to find a “global resolution” with Mali regarding “existing claims and disputes” between the gold firm’s Loulo and Gounkoto gold mining firms and the government. Details of the agreement, based in essence on Barrick’s original proposals, will be made public once the terms of the ...
Copper 360 founder prepares to relinquish control - Miningmx
WEB5 hours ago · September 30, 2024. LETTING go is hard to do for entrepreneurs, as Shirley Hayes is finding out. Hayes, the founder of SHiP (Shirley Hayes IPK Pty), is the 53.2% owner of Copper 360, a mining start-up in the Northern Cape with a liquidity problem. Earlier this year, ‘speculators’ exploited its lack of free float, chasing the share down to ...
Congo rebels making hay after seizing tantalum mining district
WEB2 hours ago · October 1, 2024. REBELS in eastern Democratic Republic of Congo are earning around $300,000 a month in production taxes after seizing control of the Rubaya coltan mining region, according to a report by Reuters. The newswire cited the comments of Bintou Keita, head of the United Nations mission in …
Dubai’s IRH to seek mine turnarounds after deal with PIC
WEB20 hours ago · September 30, 2024. SOUTH African asset manager Public Investment Corporation (PIC) has signed an agreement to cooperate with Dubai’s International Resources Holding (IRH) aimed at breathing life into underperforming mines in South Africa. IRH is a unit of International Holding Company (IHC), a conglomerate controlled by United Arab Emirates ...
Sinomine to build $500m lithium refinery in Zimbabwe
WEB4 hours ago · October 1, 2024. SINOMINE is to build a $500m lithium refinery in Zimbabwe in the next three to five years despite losing money following a crash in the price of the metal. “We have to borrow from the market and investors,” Xuedong Gong, MD of Bikita Minerals, a subsidiary of Sinomine Resource Group, told Bloomberg News in an interview.
Gold Fields CEO Mike Fraser lays out his vision for the ... - Miningmx
WEBAug 23, 2024 · NEWLY appointed Gold Fields CEO Mike Fraser is embarking on a major restructuring pinning the group’s future on four long-life mines which will “anchor” future operations while he is putting others on the block for disposal.. Fraser laid out his strategy for Gold Fields in the group’s interim results statement for the six months to June published today which reported a 20% drop in ...
Sibanye-Stillwater raises R1.8bn in gold prepayment - Miningmx
WEBAug 21, 2024 · SIBANYE-Stillwater has refinanced its rand revolving credit facility (RCF) increasing it to R6bn and sold R1.8bn of gold forward through a “prepay” arrangement to strengthen its balance sheet.. Announcing this today Sibanye-Stillwater CEO Neal Froneman commented, “the gold prepayment is a proactive, strategic financing alternative that improves the group’s liquidity and strengthens the ...
Thirty-six nations meet to hammer out deep sea mining code
WEBJul 15, 2024 · THE United Nations’ International Seabed Authority (ISA) will meet today to hammer out regulations governing deep sea mining despite objections from at least 27 nations.. Meeting in Kingston, Jamaica, until July 26, the 36-member ISA council will negotiate the latest draft of a long-awaited “mining code”, designed to regulate the exploration and extraction of “polymetallic nodules ...
Share overhang the price of Amplats’ autonomy, says analyst
WEBMay 14, 2024 · Amplats said on February 19 that it was reviewing its operating base potentially affecting 3,700 fixed term employees as well as 620 contracting companies. Amplats reported a 71% year-on-year fall in headline share earnings for the 12 months ended December to R53.30/share. In December, Amplats announced plans to save R10bn in annual costs of ...