Business
Comprehensive business news. The latest gold, copper and metal prices, mining stock, market data and investing news.
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TOMRA celebrates 50th anniversary by announcing world without waste mission
TOMRA, the global provider of advanced collection and sorting systems, celebrates its 50th anniversary today. Each of the group’s four divisions – Collection, Food, Recycling and Mining – marked the…
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Partnership to establish an industry underground testing facility for mining research and development in South Africa
The Mandela Mining Precinct (MMP), through the CSIR and Minerals Council South Africa, has signed a memorandum of understanding with Royal Bafokeng Platinum (RBPlat) to establish a test mine at…
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New collaboration open international doors for Booyco Electronics
Booyco Electronics will quickly transition into a fully-fledged international service provider of proximity detection systems (PDS) in 2022. This follows the conclusion of a collaboration agreement with global smart technology…
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Simandou iron ore mine developers risk penalties if timeline missed
Rio Tinto and a Chinese-backed consortium risk losing their mining licences if they fail to meet a tight construction timeline for the Simandou iron ore mine in Guinea, the West African…
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Prospect Resources acquires Step Aside Lithium Mine
Prospect Resources, through its wholly owned subsidiary, Promin Resource Holdings has announced the acquisition of a potential high grade lithium deposit, Step Aside Mine. Step Aside Mine is located 8km…
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Anglo American announces commissioning of the Benguela Gem diamond recovery vessel
Anglo American announces the commissioning – ahead of schedule and below budget – of the Benguela Gem diamond recovery vessel (previously known as the AMV3). The Benguela Gem forms part…
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Rio Tinto offers $2.7 billion to buy rest of Turquoise Hill stake
Rio Tinto proposed on Monday to buy the 49% of Canada’s Turquoise Hill it does not already own for about $2.7 billion, paving the way for direct ownership of the…
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Australian and South African miners explore options to supply coal and metals consumers in Europe
Australian and South African miners are exploring ways to supply coal and metals consumers in Europe scrambling for alternative sources to Russian supply, but logistics and cost constraints make it…
