Search results: mining companies

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 country’s largest mining unions that the companies say would further hurt the...

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 a mega-gold corporation with a $17.8 billion all-share offer.The move, announced before markets...

AIM-listed Vast Resources, which presently operates gold mines in Zimbabwe, has been granted mining rights under a joint venture arrangement with the Chiadzwa Community Development Trust to explore and mine diamonds in Manicaland.“The Chiadzwa Community Development...

Last month Zimbabwe Miners Federation (ZMF) sent a letter to the Mines Minister, Winston Chitando. ZMF stated that they were against the application of Exclusive Prospecting Orders (EPOs) due to the fact that EPOs are against...

 Last month the president Emmerson Mnangagwa announced fuel price hike which was deemed by some economic experts “painful but necessary”. The price hike were aimed at reducing the high demand of fuel which had smashed Zimbabwe...

Executives are dangerously ambivalent to implementing proper risk governance measures across industrial sectors despite overwhelming evidence of business disruptions which can occur from failing to manage risk, according to DuPont Sustainable Solutions (DSS).A recent survey conducted...

FIDELITY Printers and Refiners (FPR) said it is finalising the process of selecting companies who will supply mining equipment to beneficiaries of its Gold Development Initiative Fund (GDIF) as it moves to address challenges of inadequate...

Zambia, Africa’s second-largest copper producer, sees recent changes to its mining royalties regime as fair and won’t consider a review despite warnings from the industry that it could deter investment and result in job losses, Finance...

GOLD deliveries to Fidelity Printers and Refiners reached a record 33,3 tonnes in 2018, surpassing the 27 tonnes produced in 1999.The increase has been attributed to measures taken by Government, including curbing leakages.Government has also introduced...

With roughly $15 billion allegedly lost from Marange diamonds, the opportunity to fight inequality through domestic resource mobilisation was possibly squandered. All is not lost though. This undesirable situation can be reversed in the quest to...

Problems caused by illegal gold mining operations across the country have been a thorn in the flesh for the Government for years.The police have had running battling battles with gold panners who have, for decades, thrown...

Vedanta Ltd.’s Zambian unit will press ahead with expansion plans even as the government of Africa’s second-biggest copper producer increased mining royalties, and has undertaken not to fire any workers.“Our actions are designed to sustain and...