Minerals exploration spend falls for second consecutive year
EXPLORATION for minerals fell for the second consecutive year in 2024, sliding six percent to $12.5bn, according to a report by the Financial Times.
Citing...
US open to minerals deal with Congo
THE US was open to exploring critical minerals partnerships with Congo, the State Department said in a statement to Reuters on Sunday. This was...
Barrick committed to “mutually beneficial resolution” with Mali
BARRICK Gold was "fully engaged and committed to reaching a mutually beneficial resolution" with Mali to end a dispute over its assets there, said...
Merafe impairs smelter R575m as production hangs in balance
MERAFE Resources posted a 62% decline in full year earnings ended-December owing to a hefty decline in ferrochrome sales and a rise in costs.
Its...
ARM open on selling stake in Harmony Gold
AT African Rainbow Minerals’ (ARM’s) interim results presentation on Friday, Chairman Patrice Motsepe said the group would “listen to shareholders” regarding its stake in...
MMG mothballs cobalt processing plant in Congo
CHINA'S MMG has mothballed its cobalt processing plant in the Democratic Republic of Congo amid a slump in the price of the battery metal.
Bloomberg...
Mali suspends artisanal mining permits to foreigners
MALI has suspended the granting of new artisanal mining permits to foreigners following accidents in recent weeks that claimed 56 lives, many of them...
Amplats’s special dividend was “not good governance”
SPECIAL dividends are usually grounds for investor celebration. In the case of Anglo American Platinum (Amplats), however, there is reason for pause.
On February 17,...
Endeavour continues share buy-backs, targets higher cash flow
ENDEAVOUR Mining bought back $22m of its own shares so far this year, and said it would opportunistically repurchase more as it sought to...
Kenmare shares soar after firm rejects takeover proposal
KENMARE Resources said on Thursday it had rejected an initial €565m takeover bid from a consortium led by its former MD Michael Carvill.
The titanium...