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Africa
Palladium gaining ground
For the first time in more than a decade, palladium is rivalling gold in value.At its current spot price of just over US$1 300/oz,...
Rio Tinto partying like its Christmas
Rio Tinto’s (ASX, LON:RIO) investors will be celebrating Christmas in February, as the miner is giving them a $4 billion special dividend, or $2.43...
Barrick, Newmont step up game to sway top investors
Canada’s Barrick Gold (TSX:ABX)(NYSE:GOLD) and U.S. rival Newmont Mining (NYSE:NEM) are working hard on persuading their respective top investors that are merger of the companies...
skom’s Molefe ‘stonewalled’ Glencore South Africa, ex-CEO Says
South Africa’s state-owned power utility refused to renegotiate a coal deal with a mine owned by Glencore Plc’s local unit and tried to penalize...
SA platinum producers asked court to block strike
South African platinum producers, the world’s biggest miners of the metal, have asked a court to block a planned strike by one of the...
De Beers merges Canadian, South African assets
De Beers Group has decided to merge its mining assets in Canada and South Africa under the name De Beers Group Managed Operations. The...
Tax war won at cost
Last year it was the Democratic Republic of Congo. This year it is Zambia.Both African countries have driven through draconian changes to their mineral...
Beny Steinmetz makes Guinea comeback in Sarkozy-brokered deal
Israeli mining tycoon Beny Steinmetz is making a dramatic return to Guinea after the billionaire ended a bitter dispute with the West African country...
Mick Davis to mine Guinea’s Zogota iron ore deposit
Niron Metals, headed by the former boss of Xstrata Mick Davis, will develop Guinea's Zogota iron ore deposit, previously owned by BSG Resources (BSGR).The...
Barrick makes hostile $17.8 billion bid for Newmont
Canada’s Barrick Gold (TSX:ABX)(NYSE:GOLD), the world’s second-largest bullion producer, is going hostile in its bid to acquire U.S. rival Newmont Mining (NYSE:NEM) and create...
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