Business
Comprehensive business news. The latest gold, copper and metal prices, mining stock, market data and investing news.
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First Quantum touts interest in its Zambia copper operations
First Quantum Minerals Ltd. has attracted interest from multiple parties wanting to buy a minority stake in its Zambian copper operations, as the Canadian miner continues efforts to shore up its…
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ACTOM Distribution Transformers secures order to supply NECRT’S units to Kamoa Copper Mine SA in the DRC
ACTOM Distribution Transformers, a division within the ACTOM Group that designs and manufactures a range of 16kVA – 10 MVA distribution and lower range power transformers, recently secured an order…
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Northam Platinum halts some capital projects due to current slump in metal prices
Northam Platinum said it had halted some capital projects due to the current slump in metal prices, which saw the South African miner’s half-year profit plunge by 93%. South African…
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Impala Platinum scraps dividend, makes spending cuts as profit slumps
Impala Platinum says it will be restructuring its Canadian palladium operations, and will postpone planned spending at various projects in South Africa and Zimbabwe after the miner posted a 78%…
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Delta Mines acquires 51% shares in Mopani Copper Mines
Delta Mines Ltd., has concluded the acquisition of 51% shareholding in Mopani Copper Mines (MCM) translating into a US$1.1 billion investment into the mine. In a statement, ZCCM-IH Corporate Affairs…
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Lucara recovers 320-carat gem at Karowe Mine
Lucara has recently announced the recovery of a 320-carat diamond from its Karowe mine in Botswana. The haul also included a 111-carat stone and two more stones exceeding 50 carats…
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Tertiary Minerals signs JVA with Zambia’s Mwashia Resources
Tertiary Minerals announced the signing of a new joint venture agreement with local partner Mwashia Resources on Monday. The AIM-traded firm said the agreement was intended to consolidate ownership of the…
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SACMA elects new President as Ndalamo Resources CEO urges collaborative action
The South African Colliery Managers’ Association (SACMA) convened its 46th Annual General Meeting (AGM) on Friday 23 February, ushering in a new era under the leadership of Londolani Rampfumedzi as…
