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By: Henry Lazenby Updated 56 minutes ago One of China’s largest mining companies Zijin Mining Group has extended its global reach after forming two new long-term mining partnerships with Western miners, while sustaining an aggressive pursuit of an Australian gold miner. The world’s largest gold producer by output Barrick Gold on... →
By: RDM News Wire Updated 1 hour 12 minutes ago President Jacob Zuma has told parliament that he will release the report of the Farlam commission of inquiry into the Marikana massacre by the end of next month. Zuma was responding to mounting pressure‚ including a threatened court action by the families of the victims of the incident which saw... →
By: Megan van Wyngaardt Updated 1 hour 28 minutes ago JOHANNESBURG (miningweekly.com) – Progress in the construction of the RHA Tungsten project, in Zimbabwe, was progressing on schedule , multicommodity resource and development company Premier African Minerals reiterated on Tuesday. Processing plant manufacturer Appropriate Process Technologies... →
By: Martin Creamer Updated 1 hour 33 minutes ago Nedbank has closed $540-million worth of mining financings on the continent of Africa in the last 18 months. Speaking to Creamer Media’s Mining Weekly Online on Tuesday, Nedbank Capital international mining finance head Nivaash Singh said the bank was very much open for business in Africa and... →
By: Natalie Greve Updated 2 hours 28 minutes ago Canadian mineral explorer Ivanhoe Mines and China’s Zijin Mining Group have agreed to codevelop the Kamoa copper discovery, in the Democratic Republic of Congo (DRC). Under the terms of the agreement, Zijin, through its subsidiary Gold Mountains International Mining, would buy a 49.5% interest in... →
By: Natalie Greve Updated 4 hours ago Dual-listed Jubilee Platinum has completed a placing of 37.5-million new ordinary shares at a price of 1.6p apiece to raise some R11.1-million to fund the continued development of its surface platinum processing projects in South Africa. The company said in a statement on Tuesday that its surface... →
By: Terence Creamer Updated 5 hours ago When the Eskom board suspended four executives in March, Public Enterprises Minister Lynne Brown based her support for the move largely on what she perceived as a lack of “credible information” flowing from the managers on a range of issues, including plant instability and maintenance. In the... →
By: Reuters Updated 6 hours ago ANZ Banking Group said on Tuesday it would launch six exchange traded funds (ETFs) linked to currency, gold and equities, the first of Australia's major banks to venture into the fast-growing A$18-billion ($14-billion) domestic ETF market. ANZ, Australia's third largest lender by market value,... →