Froneman commits to saving +18 000 Lonmin jobs

Sibanye-Stillwater CEO Neal Froneman has committed to saving between 18 000 and 20 000 Lonmin jobs should the deal to acquire the troubled PGM miner be given the green light, writes Laura Cornish.

NUM threatens electricity supply shutdown

The National Union of Mineworkers (NUM) is threatening a full “shut down” of electricity supply at Eskom in retaliation to the Eskom negotiating team who has rejected its demands and if offering a 0% increase for its workers.
Tanzania East Africa Metals

Tanzania Mining Commission to issue 7 000 pending mineral licences

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.

DMR takes first step in legalising zama zamas

The handover tomorrow of two mining permits in Kimberley could be the first sign that the South African government is making illegal mining legal.

Sibanye-Stillwater refutes reasoning behind drop in market value

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.

Namibia cobalt project in hot demand

ASX-listed Celsius Resources, developer of the Opuwo cobalt project in Namibia, has received double the cash it was seeking in its share purchase plan which closed on 18 May 2018
namibia aukam gold

Dundee Precious Metals undertakes empowerment transaction in Namibia

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.

Namibia cobalt project gets major cash injection to advance forward

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.

Diamond exploration in Zimbabwe on the up

Confidence in Zimbabwe’s new regime is clearly growing as two companies form a partnership to explore for diamonds in the country.
Katanga Mining

Katanga Mining – from the frying pan into the fire

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.

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