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Gemfields ties share awards to earnings, ruby mine output
GEMFIELDS has awarded more than 51 million conditional shares to senior management under its long-term incentive plan, with most of the awards linked to earnings, shareholder…
Gold miners show restraint in takeover rush
GOLD miners are pursuing acquisitions with more discipline than in previous booms, favouring share-based payment and cost savings, the Financial Times’ Lex column said. Gold…
Glencore sees trading profits topping $5bn
GLENCORE expects its marketing division to earn more than $5bn this year, which would put 2026 among the strongest years in the group’s history, Bloomberg reported. In a…
Gold Fields bid exposes Australia’s missing gold champion
GOLD Fields’ A$39bn ($27bn) approach for Northern Star Resources has revived an awkward question for Australia: why a country with its mining pedigree has never produced a gold…
Ghana mining bill seeks wider state powers
GHANA plans to give the state greater control over mining companies, including the right to demand a free special share carrying veto powers over some major transactions, Reuters…
Zambia accuses Emirati partner of Mopani breaches
ZAMBIA’S state-owned ZCCM Investments Holdings (ZCCM-IH) has accused Abu Dhabi’s International Resources Holding (IRH) of “pervasive and sustained” breaches of agreements under…
Sibanye-Stillwater adds A2X secondary listing
SIBANYE-Stillwater will add a secondary listing on South Africa’s A2X exchange from October 6, giving investors another platform on which to trade its shares. The precious metals…
Burkina Faso joins Africa’s gold refining drive
BURKINA Faso has opened its first gold refinery as it seeks to process more of its mineral wealth at home, Bloomberg reported. State-controlled Raffinor BF, built for $19m, can…
Zambia’s ZCCM-IH accuses Abu Dhabi IRH of Mopani breaches
ZAMBIA’S state investment firm has accused Abu Dhabi-backed International Resources Holding of breaching agreements linked to its control of Mopani Copper Mines, Bloomberg…
Mining majors chase scale despite failed megadeals
MINING companies are doubling down on mergers, joint ventures and partnerships as soaring project costs and geopolitical pressure make scale increasingly critical, Reuters…
Barrick reaches deal with Mali unions, averts strike
BARRICK Mining has reached a new labour agreement with unions at its Loulo-Gounkoto gold mine in Mali, easing the threat of strike action, Reuters reported. The Canadian miner…
Gold Fields eyes Northern Star takeover – report
GOLD Fields has approached Northern Star Resources about a potential takeover, said Bloomberg News citing people with knowledge of the matter. A deal with Northern Star would…
Transnet seeks private partner for R44bn manganese corridor
TRANSNET is seeking a private partner to help expand and operate a key manganese export corridor in a project that could cost as much as R44bn, Bloomberg reported. The…
Glencore set for ASX listing in October
GLENCORE expects to start trading on the Australian Securities Exchange (ASX) on October 14 after satisfying the exchange’s substantive listing requirements. The miner and…
Niger doubles stake in Madaouela uranium project
NIGER has doubled its stake in the Madaouela uranium project to 40%, Reuters reported. This brings an end to a long-running dispute with Australian explorer Atomic Eagle. Atomic…
Rio Tinto builds out metals trading arm
RIO Tinto plans to expand its metals trading operations, including buying and selling material from third parties and trading derivatives, Bloomberg reported. The move is part of…
Copper retreats from near-record high as rate fears lift dollar
INDUSTRIAL metals fell on Wednesday as traders weighed the outlook for US interest rates against shifting oil prices, Bloomberg reported. Copper retreated from near-record levels…
Congo plans one-stop mining investment agency
THE Democratic Republic of Congo is setting up a centralised agency to fast-track major mining investments, said Reuters citing sources. The agency is part of reforms tied to its…
Froneman hires Rothschild for R6.7bn F1 bid
A CONSORTIUM fronted by former Sibanye-Stillwater CEO Neal Froneman is working with Rothschild & Co on a bid to bring Formula One racing back to South Africa, Bloomberg has…
China rare earth exports to US fall ahead of summit
CHINESE exports of rare earth magnets to the US dropped sharply in August, a decline set to feature as a friction point at this week’s Trump-Xi summit in Washington, the…