http://www.miningweekly.com
R/€ = 16.39 Change: -0.01
R/$ = 14.50 Change: -0.02
Au 1316.20 $/oz Change: 3.84
Pt 848.84 $/oz Change: -16.90
 

Bloomberg

First Quantum is said to offer $700m for Zambia mine

5th February 2019 First Quantum Minerals has offered to buy the Zambian government’s 20% stake in Africa’s biggest copper mine for as much as $700-million, according to two people familiar with the transaction. Vancouver-based First Quantum already owns 80% of the Kansanshi mine in Zambia’s North-Western... 

Gold is one wealth fund's escape from geopolitics, credit risk

4th February 2019 For Azerbaijan’s sovereign wealth fund, nothing beats the safety of gold in a world gripped by trade disputes and geopolitical risk. Known as Sofaz, the fund is looking to almost double its holdings of the precious metal in 2019 to 100 t after resuming purchases in 2018 following a five-year... 

Gold miners get their mojo back as giant deals revive allure

4th February 2019 After years on the sidelines, gold producers are suddenly the mining world’s hottest topic as the industry gathers in Cape Town this week. For more than half a decade, gold miners have been stuck in the doldrums, shunned by investors following a string of missteps and bogged down by a stagnant... 

Lithium giant's landmark deal is big step to battery 'dream'

4th February 2019 The country holding the world’s largest reserves of lithium says it’s one step closer to becoming a manufacturing hub for rechargeable batteries used in electric vehicles. Chile is hopeful that battery makers such as Samsung and Posco will start installing lithium processing plants in the... 

Project Halo stakes claim to buy Guptas' Optimum coal mines

1st February 2019 Project Halo, a South African group that bid R3.05-billion for Tegeta Exploration & Resources' coal assets after it was placed under administration, said it expects the deal to go ahead and it’s unaware other offers will be entertained. “As things stand today we are the preferred bidder,” Project... 

Brazil's costly mining failures tied to cheap waste storage

1st February 2019 The deadly collapse of a Vale tailings dam in Brazil is serving as a wake-up call for an industry that regularly cuts costs by storing mining waste in the cheapest possible way. The slurry of ground rock and effluents left over after companies extract marketable minerals from the ground has been... 

Sanctions relief for Deripaska's Rusal cheers rival tycoon

31st January 2019 When the US lifted sanctions on United Co. Rusal, the conditions imposed on billionaire Oleg Deripaska provided relief for rival Russian tycoon Vladimir Potanin. The two magnates have waged a decade-long battle for control of Russian mining giant MMC Norilsk Nickel. That feud would appear to be... 

In Maduro's Venezuela, even counting gold bars is a challenge

31st January 2019 Venezuela is home to rich gold deposits and holds billions of dollars of foreign reserves in gold bars in the central bank’s vaults. The question is, how much is there? The answer has taken on added significance as beleaguered President Nicolas Maduro faces increasing pressure to resign. Last... 

How South Africa could fix distressed Eskom

31st January 2019 South Africa’s government will announce within a month how it plans to fix Eskom Holdings, the embattled state utility that supplies more than 90% of the nation’s power. There are no easy remedies. The company is R419-billion in debt, is losing money hand over fist, has way more staff than it... 

Iron-ore rockets as Vale supply disruption convulses market

30th January 2019 The global iron-ore market was pitched into turmoil after Brazil’s Vale SA, the world’s largest producer, outlined plans to cut output after a deadly dam breach, buoying shares of rivals as investors weighed the impact of the disruption. Prices soared, with futures rallying more than 9%. Vale... 

About

Mining Weekly is a product of Creamer Media.
www.creamermedia.co.za

Other Creamer Media Products include:
Engineering News
Research Channel Africa
Polity

Read more

Subscriptions

We offer a variety of subscriptions to our Magazine, Website, PDF Reports and our photo library.

Subscriptions are available via the Creamer Media Store.

View store

Advertise

Advertising on MiningWeekly.com is an effective way to build and consolidate a company's profile among clients and prospective clients. Email advertising@creamermedia.co.za

View options
Free daily email newsletter Register Now
Register Close