Glencore says remains open to dealmaking
MINER and commodity trader Glencore said it is open to merger and acquisitions that create value for its shareholders.
"As we have always said, M&A...
Rio, Glencore talks signal pressure in securing metal supply
MERGER discussions between Glencore and Rio Tinto which are said to have taken place last year was a sign of how mining companies were...
Congo jails three Chinese citizens in illegal mining crackdown
A COURT in the Democratic Republic of Congo has sentenced three Chinese citizens to seven years in prison after they were arrested in possession...
Cutifani helps form bank amid mining M&A revival
MARK Cutifani, the former CEO of Anglo American, has teamed up with mining banker Omar Davis, formerly of Bank of America to set up...
Mantengu hails Blue Ridge project as corporate finance dream
MINING tailings is lucrative business for those who get the technology right. DRDGold is the established brand in the industry, but rivals such as...
Gemfields hit by shock 15% export duty on Zambian emeralds
ZAMBIA has imposed a shock 15% export duty on precious gemstones adding further pressure on Gemfields which operates the country's Kagem emerald mine.
Sean Gilbertson,...
Exxaro should stick with coal and pay out its cash
EXXARO Resources said last year it will press on with plans to diversify production into "green metals". In the case of the JSE coal...
Uncertainty high for Mozambique miners as protests continue
PRESSURE is likely to remain high on the share prices of Mozambique miners Kenmare Resources and Gemfields Group as tensions remain high in the...
Transnet books R2.2bn interim loss as operating expenses rise
TRANSNET, South Africa's state-owned ports and rail company, posted an interim R2.2bn loss for the six months ended September, R600m worse than in the...
Kenmare carries on mining at Moma despite Mozambique’s election upheavals
Operations at Kenmare Resources’ Moma Titanium Minerals Mine in northern Mozambique are continuing as normal despite ongoing election-related protests. Senior management has remained on...