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Tag: Africa mining news
Barrick Gold sets conditions to negotiate with Newmont
Barrick Gold’s (TSX:ABX)(NYSE:GOLD) chief executive Mark Bristow said Monday he’s open to negotiate with rival Newmont about a deal to work together in Nevada,...
Newmont rejects $18B hostile bid by Barrick
Newmont Mining (NYSE:NEM) rejected Monday rival Barrick Gold’s (TSX:ABX)(NYSE:GOLD) all-stock $18 billion hostile takeover offer, but left the door slightly open by countering with the terms of...
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,...
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...
AMCU strike undermines the struggling mining sector- Minerals Council
The Minerals Council South Africa on Friday expressed its concern about the consequences of The Association of Mineworkers and Construction Union’s (AMCU’s) planned secondary strikes at mining companies where the...
South Africa mining strike to spread to at least 15 firms — Minerals Council
At least 15 mining firms in South Africa have received notices of strikes to be held next week in support of colleagues at Sibanye-Stillwater...
20 killed near Mutanda Mine
About 20 people died on Wednesday when a truck carrying acid to Glencore's Mutanda Mine in Democratic Republic of Congo collided with two other...
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