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Loucas Pouroulis, Chairman Emeritus, Tharisa

Loucas Pouroulis bows out 15-year stint at Tharisa

THARISA founder Loucas Pouroulis is stepping down from the board after more than 15 years as chair, handing the role to lead independent director Carol Bell. Pouroulis, who has…

Richard Hyde, CEO, West African Resources

West African to pay out half of profits, but warns of unrest

WEST African Resources (WAF) expects full-year profit to come in at more than twice its first-half figure, with the gold miner set to pay its maiden dividend. Speaking at the…

Peter Major, mining director, Mergence Corporate Solutions

Proposed mining laws show SA Govt has learnt nothing

SOUTH Africa’s mining industry is “crawling on the floor” while mining in Australia, Canada, America and the rest of Africa is on a conveyor belt, says Peter Major, veteran…

Batches of copper sheets are stored in a warehouse and wait to be loaded on trucks on July 7, 2016 at Mopani mines, Mufilira, Zambia.  (Photo by Per-Anders Pettersson/Getty Images)

Zambia accuses Emirati partner of Mopani breaches

ZAMBIA’S state-owned ZCCM Investments Holdings (ZCCM-IH) has accused Abu Dhabi’s International Resources Holding (IRH) of “pervasive and sustained” breaches of agreements under…

Sibanye-Stillwater adds A2X secondary listing

SIBANYE-Stillwater will add a secondary listing on South Africa’s A2X exchange from October 6, giving investors another platform on which to trade its shares. The precious metals…

Molten gold pour.

Burkina Faso joins Africa’s gold refining drive

BURKINA Faso has opened its first gold refinery as it seeks to process more of its mineral wealth at home, Bloomberg reported. State-controlled Raffinor BF, built for $19m, can…

Mufulira smelter, Mopani Copper Mines

Zambia’s ZCCM-IH accuses Abu Dhabi IRH of Mopani breaches

ZAMBIA’S state investment firm has accused Abu Dhabi-backed International Resources Holding of breaching agreements linked to its control of Mopani Copper Mines, Bloomberg…

Mining majors chase scale despite failed megadeals

MINING companies are doubling down on mergers, joint ventures and partnerships as soaring project costs and geopolitical pressure make scale increasingly critical, Reuters…

The Gold Fields logo is displayed on an excavator in a workshop area of the company’s St Ives Gold Mine in Kambalda, Australia, on Wednesday, Aug. 9, 2017. Photographer: Carla Gottgens/Bloomberg via Getty Images

Gold Fields threatens to walk from Aussie tilt

GOLD Fields was prepared to walk away from a bid for Northern Star Resources, saying on Monday its $27bn offer did not “define” the company. “We really don’t feel we need to do…

Loulo-Gounkoto

Barrick reaches deal with Mali unions, averts strike

BARRICK Mining has reached a new labour agreement with unions at its Loulo-Gounkoto gold mine in Mali, easing the threat of strike action, Reuters reported. The Canadian miner…

A ‘Fine Gold” mark on a 500 gram gold bar. Photographer: Chris Ratcliffe/Bloomberg via Getty Images

Gold Fields goes hostile in $27bn Northern Star takeover

GOLD Fields confirmed today that Northern Star Resources had rejected its A$38.7bn ($27bn) cash-and-share takeover proposal, but said it intended to press on with its efforts to…

Mike Fraser, CEO, Gold Fields

Why Gold Fields is keen on Australia’s Northern Star

WHY would Gold Fields want to buy Northern Star Resources, Australia’s 1.5 million ounce-a-year gold miner, as reported by Bloomberg News on Saturday? Neither company had…

Gold Fields eyes Northern Star takeover – report

GOLD Fields has approached Northern Star Resources about a potential takeover, said Bloomberg News citing people with knowledge of the matter. A deal with Northern Star would…

Close up of Manganese rock being moved on a conveyor belt

Transnet seeks private partner for R44bn manganese corridor

TRANSNET is seeking a private partner to help expand and operate a key manganese export corridor in a project that could cost as much as R44bn, Bloomberg reported. The…

Cobus Loots, CEO, Pan African Resources

Pan African poised for rerate as growth options abound

A R500m share buyback could be money well spent for Pan African Resources, the JSE-listed gold miner. Most analysts think the company is on the cusp of a rerate following its…

Rubies lie exposed at the bottom of a mine pit at Gemfields Montepuez mine

Gemfields takes $125m hit at Montepuez ruby mine

GEMFIELDS expects to report a $73.5m loss for the six months to June after taking a $125.2m impairment against its Montepuez ruby mine in Mozambique, where it recovered fewer…

Glencore set for ASX listing in October

GLENCORE expects to start trading on the Australian Securities Exchange (ASX) on October 14 after satisfying the exchange’s substantive listing requirements. The miner and…

Atomic symbol for Yttrium, a rare earth.

Rainbow Rare Earths paves way for SA mine in offtake deal

RAINBOW Rare Earths said on Thursday it aimed to publish a prefeasibility study (PFS) of its Phalaborwa rare earths project in South Africa in the fourth quarter, following a…

Niger doubles stake in Madaouela uranium project

NIGER has doubled its stake in the Madaouela uranium project to 40%, Reuters reported. This brings an end to a long-running dispute with Australian explorer Atomic Eagle. Atomic…

Photographer: Matt Jelonek/Bloomberg via Getty Images

Rio Tinto builds out metals trading arm

RIO Tinto plans to expand its metals trading operations, including buying and selling material from third parties and trading derivatives, Bloomberg reported. The move is part of…