Kenmare confirms buyout proposal from Abu Dhabi’s IRH
KENMARE Resources confirmed on Tuesday it had received a takeover proposal from International Resources Holdings (IRH), an Abu Dhabi company. “The board of Kenmare Resources…
Mining law reform must build more than share prices
IN her recent FM column, Ann Crotty makes an argument that deserves a serious answer. The JSE’s problem, she writes, is not that raising capital is hard, but that there is little…
Rainbow targets US listing as SA project shifts to 2029
RAINBOW Rare Earths confirmed on Monday that first production from its Phalaborwa rare earths project in Limpopo in South Africa is expected in early 2029, while a proposed US…
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…
Gold Fields will have to offer more to bag Northern Star
A SUREFIRE means of merger & acquisition (M&A) success is to pay cash — and barrel-loads of it. Easier said than done. Mining shareholders, including those of Gold Fields, want…
Transnet’s recovery deserves more credit
THE starting point of any successful turnaround is leadership. This is true in a business, a municipality and a country. When an organisation begins to deteriorate, its systems…
How little known germanium became crucial to warfare
The shooting down of a drone over Lithuania by Nato forces last month was construed as a worrying escalation in the Russia-Ukraine war, now in its fourth year. If the incident…
Petra subsidiary faces winding-up over £5.7m tax bill
PETRA Diamonds is facing a winding-up petition from UK tax authorities against one of its subsidiaries over an unpaid corporation tax bill of about £5.65m. His Majesty’s Revenue…
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…
Orion Minerals’ cornerstone investor sells 12% stake
ORION Minerals’ anchor shareholder Tembo Capital Management, a UK-based private equity firm, has sold its stake of about 12% in the copper development company. Just under half…
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…
Kodal clears Bougouni debt after first six months of production
KODAL Minerals’ Bougouni lithium project generated enough cash in its first full six months of commercial production to clear its project debt, helped by a sharp recovery in…
Sibanye-Stillwater sits out capital raise on copper project
SIBANYE-Stillwater gave further evidence of its domestic priorities, opting not to take up shares in Generation Mining, a Canadian firm developing a copper and platinum group…
Gemfields’ Montepuez ruby mine unable to pay group fees
GEMFIELDS’ Montepuez Ruby Mine (MRM) in Mozambique is currently unable to pay management and auction fees to the group, as weak ruby grades continue to weigh on the operation…
Loucas Pouroulis bows out after 15-year stint at Tharisa
THARISA founder Loucas Pouroulis is stepping down from the board after more than 15 years as chair, handing the role to lead independent director Carol Bell. Pouroulis, who has…
West African to pay out half of profits, but warns of unrest
WEST African Resources (WAF) expects full-year profit to come in at more than twice its first-half figure, with the gold miner set to pay its maiden dividend. Speaking at the…
Proposed mining laws show SA Govt has learnt nothing
SOUTH Africa’s mining industry is “crawling on the floor” while mining in Australia, Canada, America and the rest of Africa is on a conveyor belt, says Peter Major, veteran…
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…