Former Gold Fields boss to join hunt for critical minerals
FORMER Gold Fields CEO Chris Griffith, who exited the miner four years ago after a failed mega-merger bid for Canada’s Yamana Gold, has joined a private equity venture aiming to…
India, Zambia restart critical minerals talks
India has resumed talks with Zambia over potential investments in copper and other critical minerals as it looks overseas to secure raw materials for its growing economy, Reuters…
Zambia’s state mining investor targets $7bn valuation
ZAMBIA’S state-controlled mining investor is considering a share sale to boost liquidity and meet local listing requirements, Bloomberg reported. ZCCM Investments CEO Kakenenwa…
Vedanta pulls copper unit’s US listing
VEDANTA Resources has postponed the New York stock market debut of its copper subsidiary CopperTech Metals, blaming volatile conditions in global mining equities, just one day…
CopperTech Metals seeks $3.6bn valuation in US listing
COPPERTECH Metals is targeting a valuation of up to $3.57bn through a US initial public offering, offering 23.5 million shares priced between $16 and $18 each to raise…
KCM plans $317m coal power plant in Zambia
KONKOLA Copper Mines, a unit of Vedanta Resources, plans to build a $317m coal-fired power station in southern Zambia to address chronic electricity shortages caused by the…
Zambia extends copper concentrate export duty waiver
ZAMBIA has extended a suspension of its 10% copper concentrate export duty to 30 September, giving miners more time to clear stockpiles of unprocessed material while major…
Vedanta’s CopperTech files for New York listing
COPPER Tech Metals, the Zambian copper producer set up by Vedanta Resources, has filed for a US initial public offering, reporting a more than threefold rise in revenue as it…
India-Zambia critical minerals talks stall over rights
INDIA’S efforts to secure critical minerals from Zambia have stalled after Lusaka withheld assurances over mining rights, two sources familiar with the matter told Reuters. India…
Vedanta set for five-way split next month
INDIAN resources conglomerate Vedanta will be broken up into five separately listed companies early next month, said the Financial Times. Citing Vedanta founder and chair Anil…
Zambia courts investors for copper output tripling
ZAMBIA is seeking global investment, including from the United States, to more than triple copper output to three million tons by 2031, the country’s mines minister was quoted as…
De Beers sale gets cheaper, though not easier
ANGLO American has massively downgraded the value of De Beers on its balance sheet, suggesting a bargain might be in the offing for its many bidders. Which might make the sale…
Zambia’s state miner plans metals trading firm
ZAMBIA’S state mining company is developing plans to trade commodities on international markets, seeking to capture greater value from the country’s growing appeal as a critical…
Vedanta shifts Zambian copper mine to US entity
VEDANTA Resources is transferring its Zambian copper mine to a US-based subsidiary as it seeks to benefit from increased American government support for the mining sector, said…
Vedanta plans talks on dollar bond sale
VEDANTA Resources is scheduled to hold discussions with investors today regarding a potential dollar bond issuance designed to refinance expensive private debt, said Bloomberg…
Griffith the latest talent to swim free of Vedanta’s grasp
THE departure of Chris Griffith, former CEO of Anglo American Platinum (Amplats), from Vedanta this month is the latest in a series of setbacks for the Indian miner. It has a…
Vedanta unit plans major Zambian smelter upgrade
KONKOLA Copper Mines (KCM) will overhaul its Zambian smelter facility as part of efforts to boost production following last year’s return to full operations under Vedanta…
Chris Griffith confirms resignation from Vedanta
CHRIS Griffith has confirmed his resignation from Vedanta, the Indian company where he was appointed about two years ago to lead its base metals division. “I can confirm I have…
Copper projects hamstrung by spiralling cost of capital
THE cost of capital was increasingly becoming a challenge in building new copper mines as resurgent inflation and factors such as infrastructure development drove capex higher.…
Six consortia show interest in De Beers
DE BEERS has attracted interest from at least six consortia, including commodities billionaire Anil Agarwal, Indian diamond firms and Qatari investment funds, Reuters reported in…