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LATEST Mining companies, investment and exploration  

Glencore’s head of oil, Alex Beard, retires amid US probes

3 Jun 2019 /  Dmitry Zhdannikov, Reuters   
Glencore has come under US scrutiny in the past year over its business in the Democratic Republic of Congo.

Zambia’s moves on Vedanta, KCM alarm mining industry

31 May 2019 /  Chris Mfula and Barbara Lewis, Reuters   
International miners concerned about rising resource nationalism.

Amplats settles strike at Mototolo mine

30 May 2019 /  Nqobile Dludla, Reuters   
Workers will be reinstated.

After M&A spree, Sibanye is now the world’s No 1 platinum miner

30 May 2019 /  Felix Njini, Bloomberg  
Acquisition of Lonmin creates a company that will eclipse Anglo American Platinum as the world’s biggest platinum miner.

Billionaire Agarwal warns Zambia it’s scaring mine investors

29 May 2019 /  Taonga Clifford Mitimingi and Matthew Hill, Bloomberg    1
Agarwal is concerned about Zambian parastatal, ZCCM Investments's decision to liquidate his copper-mining business there.

Chairman of Sibanye-Stillwater to resign

29 May 2019 /  Tanisha Heiberg, Reuters  
Sello Moloko to focus on other business interests.

Swiss open criminal probe after Glencore complaint by NGO

29 May 2019 /  Hugo Miller and Andy Hoffman, Bloomberg   
The investigation relates to raw materials.

Lonmin investors back Sibanye deal to create platinum giant

28 May 2019 /  Felix Njini and Thomas Biesheuvel, Bloomberg  
Sibanye’s all-share takeover was backed by 98.87% of votes cast at a meeting in London.

Sibanye shareholders approve revised $286m Lonmin takeover

28 May 2019 /  Tanisha Heiberg, Reuters   
Sibanye says 87% of shareholders backed the deal.

Vedanta CEO open to dialogue with Zambia

27 May 2019 /  Barbara Lewis, Reuters   
Vedanta to oppose the appointment of a provisional liquidator at its Konkola Copper Mines business.

Standard Bank says Lonmin investors should reject offer

24 May 2019 /  Felix Njini, Bloomberg   
Bank says Sibanye's offer undervalues Lonmin's assets by as much as R6.64bn.

Afrimat’s move into mining pays off handsomely

24 May 2019 /  Ciaran Ryan  
Iron ore contribution counters drag on the construction side.

PIC faces dilemma over backing Lonmin deal

23 May 2019 /  Felix Njini, Bloomberg   1
Stymieing the deal means the PIC and other Lonmin shareholders may be forced to recapitalise the platinum producer.

Rescue practitioners take another stab at liquidating Oakbay

23 May 2019 /  Ciaran Ryan   2
The company is opposing the application.

Zimbabwe mine output subdued in first quarter as dollar crunch bites

22 May 2019 /  MacDonald Dzirutwe, Reuters   
Gold production was severely hit.

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