Tanzania’s new Mining Commission, headed up by minister of minerals Angellah Kairuki, has commenced a process of issuing some 7 000 mineral licences that had been pending after the government placed a ban on new licences in July 2017.
The board and management of Sibanye-Stillwater believes the significant drop in share price and market value recently is unwarranted and the result of some unfortunate incidents, a high balance sheet and a lack of confidence in the Lonmin acquisition.
Dundee Precious Metals' Namibian subsidiary, Dundee Precious Metals Tsumeb, has entered into an agreement with Namibian black-empowered investment vehicle, Greyhorse Mining, to transfer 8% of its shares to the investment vehicle to aid previously disadvantaged Namibians.
ASX-listed cobalt junior Celsius Resources has completed a bookbuild for the issue of approximately 48.6 million shares to raise $9 million which it will use to advance its Opuwo cobalt project in Namibia.
Glencore subsidiary Katanga Mining has been served a freezing order against 75% operating subsidiary Kamoto Copper Company (KCC), in the amount of US$2.28 billion.