Business
Comprehensive business news. The latest gold, copper and metal prices, mining stock, market data and investing news.
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Sibanye finalises US$101 million gold prepayment deal
South Africa’s Sibanye Stillwater has finalised a ZAR1.8 billion (US$101 million) gold prepayment deal to raise cash to help repay loans after a slump in platinum group metal (PGM) prices…
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The DRC Minister of Mines, H.E. Mr Kizito Pakabomba, visits ERG Africa’s Metalkol SA operation
Eurasian Resources Group in Africa (ERG Africa) had the honour of welcoming His Excellency (H.E), Mr Kizito Pakabomba, the National Minister of Mines of the Democratic Republic of Congo (DRC),…
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Wärtsilä signs Decarbonisation Agreement for Madagascan power plant
Technology group Wärtsilä’s renewal of its existing Operations and Maintenance (O&M) agreement with QIT Madagascar Minerals S.A (QMM), part of the Rio Tinto group, has been expanded to include a…
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Exxaro remains resilient, with a strong balance sheet despite volatile markets
Exxaro, South Africa’s black empowered diversified minerals and energy solutions business released its half year results ended 30 June 2024, with the highlights including coal export sales of 3.2 million…
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Kenmare Resources reports low revenue due to lower shipments
Dublin based mining company Kenmare Resources has reported lower revenue and profits for the first half of the year. The company operates the Moma Titanium Minerals Mine in Mozambique. It…
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Madison Metals granted nuclear fuels licence for Khan Uranium Project in Namibia
Madison Metals Inc. is pleased to announce that the Ministry of Mines and Energy of Namibia has granted permission for nuclear fuels extraction to the Company’s active Mining Licence 86A (“ML-86A”),…
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Caledonia on track to meet gold production target at Blanket Mine
Caledonia Mining Corporation, is set to produce between 74 000 to 78 000 ounces of gold by year-end at its Blanket Mine, owing to increased production of the yellow metal.…
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Gold Fields agrees to buy Canada’s Osisko in US$1.6 billion deal
Gold Fields Ltd. agreed to buy Canada’s Osisko Mining Inc. in a deal valued at C$2.16 billion ($1.6 billion), becoming the latest producer to seek to expand amid soaring prices…
