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Tuesday, 17th July 2018
1:46:20am

Mining

Articles related to mining

South Africa mines minister delays finalisation of draft mining charter

South Africa’s mines minister Gwede Mantashe said on Sunday he will extend by a month a period for public comment on a mining industry charter which lays out requirements for black ownership levels and other targets. 

Uncertainty around the charter has deterred investment into a sector that accounts for 8 percent of gross domestic product in the…

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Amplats sells stake in Rasimone mine to RBplat for $135 mln

South Africa’s Anglo American Platinum (Amplats) has sold its one-third stake in the Rasimone mine to its joint venture partner for $135 million, it said on Thursday, the company’s latest disposal as part of a strategic overhaul.

Amplats has been selling off labour intensive mines and joint ventures since 2015 as part of a drive to focus on its…

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Zambia probes mine dump collapse that killed 10

Zambia's mining minister Richard Musukwa announced an investigation on Thursday after 10 people died during the collapse of a mine dump in the country's copper-producing region.

The subsistence miners were killed on Wednesday when the dump known locally as Black Mountain collapsed in Zambia's second-largest city and mining hub Kitwe.

Musukwa told…

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Petra says 95 pct of rights issue shares subscribed

Petra Diamonds said it has received valid acceptances for about 95 percent of the rights issue shares offered in a five to eight rights issue announced last May.
The company, which has operations in South Africa and Tanzania, had issued 332.8 million shares at 40 pence per share.
It wanted to raise $178 million to settle part of its debt, which was…

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Stop exploiting Africa, share resources, Pope tells Europe

Europe should stop exploiting Africa and invest in ways that benefit the continent more, including by sharing mineral wealth more equitably, Pope Francis said.

“We must invest in Africa, but invest in an orderly way and create employment, not go there to exploit it,” he told Reuters in a wide-ranging interview, while discussing the migration of…

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