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LATEST Mining companies, investment and exploration  

Amplats cash pile doubles as higher prices boost profit

22 Jul 2019 /  Tanisha Heiberg, Reuters  
Half-year earnings more than doubled.

Barrick and Acacia reach buyout deal, ending long standoff

19 Jul 2019 /  Elena Mazneva and Danielle Bochove, Bloomberg   
Barrick to buy the roughly 36% stake in Acacia it doesn’t already own.

Nuclear company burns through six CEOs and two chairmen in seven months

18 Jul 2019 /  Ciaran Ryan   21
One CEO lasted a day, another a week.

Nine companies weighing bids for Vedanta’s Zambian assets – minister

17 Jul 2019 /  Chris Mfula, Reuters   
Bidding processes will commence once companies conduct due diligence, minister says.

State approves Tormin’s massive West Coast mining expansion

16 Jul 2019 /  John Yeld, GroundUp   1
Environmental and activist groups appeal decision.

Amplats expects half-year earnings to double

16 Jul 2019 /  Tanisha Heiberg; Reuters   1
Citing higher metals prices and a stockpile gain of R1bn.

Weird legal case still dogs Royal Bafokeng Platinum

11 Jul 2019 /  Adriaan Kruger   9
A two-year feud over a fence – the mining group must rue the day it brought in a small contractor to do some work at one of its mines.

Acacia Mining says it’s worth far more than Barrick offered

10 Jul 2019 /  Elena Mazneva and Danielle Bochove, Bloomberg   
But the clock is ticking as Acacia has seen its shares collapse by more than 60%.

Platinum giants bolster positions before wage talks begin

8 Jul 2019 /  Felix Njini, Bloomberg    4
Platinum miners are arming themselves with cash and sufficient metal incase of a strike ahead of wage negotiations.

Vedanta appeals to South African court to protect Zambian business

4 Jul 2019 /  Alexander Winning, Reuters   1
The case has intensified concerns among international miners about resource nationalism in Africa.

Glencore to cut down on tax-haven subsidiaries as scrutiny grows

2 Jul 2019 /  Mark Burton and Andy Hoffman, Bloomberg   
Glencore to review entities located in tax havens.

Glencore to cut down on tax-haven subsidiaries as scrutiny grows

2 Jul 2019 /  Mark Burton and Andy Hoffman, Bloomberg   
Commodities giant seeking to improve transparency.

Glencore’s Congo tragedy highlights security conundrum for miners

1 Jul 2019 /  Edward McAllister and Mitra Taj, Reuters   
Securing mining sites remain challenging, given geographic constraints and artisanal miners trying to make a living, industry experts say.

Death toll at Glencore’s mine puts spotlight on illegal mining

28 Jun 2019 /  William Clowes and Felix Njini, Bloomberg    1
Some of the poorest people in mineral-rich Africa, are risking their lives in mines to eke out a living.

SA platinum giants resist Amcu’s pay demands

27 Jun 2019 /  Felix Njini, Bloomberg  
After higher palladium and rhodium prices boost earnings.

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