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.
The largest landholder in the promising mine camp known as the Ring of Fire, in Northern Ontario, has closed a C$1.54-million financing to advance the development of its Eagle’s Nest project, for exploration in the region and for general working capital.
Global commodities mining and marketing company Glencore on Monday announced a fully committed proposed equity capital raising of up to $2.5-billion alongside additional $10.2-billion capital preservation and debt reduction measures, portfolio optimization and...
DAGGERS have been drawn against Mines and Mining Development Minister Walter Chidhakwa for abetting the unending cash crunch by failing to put in place measures that will allow licensed chrome producers to resume chrome ore exports, undermining a potentially p...