The Zambian mining sector is reeling from the effects of the global commodity-demand slowdown, which is mainly attributed to lower demand from China, and lower copper prices, says strategy and communications consultancy africapractice regional analyst Sinethem...
Government has created a special purpose vehicle to facilitate buying and selling of chrome ore from small-scale miners following the lifting of export ban on the mineral.
As anticipated yesterday, Anglo American (LON:AAL) has announced a $330 million deal with the country’s top gold producer Sibanye (NYSE:SBGL) (JSE:SGL) that will allow it to offload three of its loss-making platinum mines in South Africa.
SOUTH32, the BHP Billiton spinoff, suffered its first setback less than a month after debuting in Johannesburg saying it may write-down the value of its 60% stake in its Samancor manganese joint venture.
According to the United States Department of commerce statistics data released that US’s nickel scrap exports reached 2044 tons in July this year, an increase of 8.3% year on year. In January-April, US’s nickel scrap exports totaled 15,111 tons.
Diversified miner Independence Group has revised its mine plan and cut staff numbers at its Long operation, in Western Australia, in response to the current weakness in the nickel price.