Business
Comprehensive business news. The latest gold, copper and metal prices, mining stock, market data and investing news.
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Closure of long steel plants in SA likely to reduce demand for zinc
The closure of long steel plants in South Africa could have a notable impact on local zinc usage. The users of long steel from these plants are major zinc consumers,…
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ILC to acquire 90% interest in copper and cobalt property
International Lithium Corp. announced that it had entered into a Purchase and Sale Agreement to acquire a 90% interest in a highly prospective grass roots copper and cobalt property in…
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Copper 360 records significant discovery at its Tweefontein mine
Copper 360 has announced a significant discovery at its Tweefontein mine. Drilling and surface sampling confirmed a potentially large, on-surface, high-grade copper deposit at the first of four Magnetic Drone…
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Kumba Iron Ore plans to cut 490 jobs as rail crisis hits output
Anglo American Plc’s, Kumba Iron Ore, plans to cut about 490 jobs after reducing production as it struggles to overcome South Africa’s persistent rail bottlenecks and move sufficient volumes to…
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Lucara enters new diamond sales agreement with Antwerp
Lucara Diamond Corp. is pleased to announce that it has entered into a new diamond sales agreement (“NDSA”) with HB Group out of Antwerp, Belgium (“HB”), in respect of all…
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Africa Finance Corporation unveils strategic partnerships to boost Africa’s mining sector
Africa Finance Corporation (AFC), the continent’s leading instrumental infrastructure solutions provider, has announced several strategic partnerships on the sidelines of the recently concluded 2024 Mining Indaba conference in Cape Town,…
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Ariana Resources’ progress update at Zimbabwe’s Dokwe project
Mineral explorer and developer Ariana Resources has updated the market on the ongoing due diligence programme concerning the Dokwe Gold Project in Zimbabwe. The firm said that as part of…
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Understanding SA mining’s investment into research, development and innovation
A memorandum of understanding between Minerals Council South Africa and the Human Sciences Research Council (HSRC) will illuminate SA mining’s investment into research, development and innovation (RD&I). The partnership, facilitated…
