$200bn capex ambition of mining majors under spotlight

The great China-led economic supercycle that has been boosting global economies for a decade is falling below its expected trajectory, which is giving rise to questions supercycle slippage and demise.

Ncondezi restructures top management

London-listed Ncondezi Coal has started restructuring its senior management team with the appointment of a new CEO from June 1. Current COO Nigel Walls would replace CEO Graham Mascall, who stepped down to become a nonexecutive director in the...

West Africa emerging as the new Pilbara – West African Minerals

West Africa is emerging as the next significant iron-ore province after Australia’s rich Pilbara and is attracting the attention of global majors and the Chinese, says the London-Aim-listed West African Minerals. Major diversified miners are...

Anglo copper up 21%, coal, diamonds struggle

Diversified miner Anglo American on Thursday said commodity production across its portfolio of global operations had mostly increased during the first quarter, except for coal and diamonds. In its first quarter production report, released on...

Amplats reports fewer safety stops, refined output falls on maintenance

The world’s largest platinum producer Anglo American Platinum (Amplats) is confident it would refine and sell between 2.5-million ounces and 2.6-million ounces of platinum this year, despite maintenance delaying its first-quarter refined...

Rio Tinto iron-ore output rises, but copper falls

Mining giant Rio Tinto increased its attributable iron-ore production by 9% in the first quarter, but its copper output declined by 18% compared with the first quarter of last year. CEO Tom Albanese on Tuesday described the three months ended...

Shanta seeks $35m to bring Tanzania gold mine into production

Aim-listed Shanta Gold said on Wednesday it would seek to raise at least $35-million, which it would use to bring the New Luika gold mine, in Tanzania, into production by the third quarter. The company said the raising would consisting of...

London Mining now fully funded to expand Marampa – CEO

Aim-listed London is now fully funded to boost capacity at its Marampa iron-ore mine to five-million tons a year, CEO Graeme Hossie reported on Thursday. This comes as the miner signed a $45-million offtake-related prepayment loan agreement with...

South African govt safeguarding Implats as Zimbabwe indigenisation bites

South African major Implats has struck a deal with Zimbabwe that assures the JSE-listed company of fair cash compensation, the prospect of continued unfettered expansion and the potential freedom of the once-empowered, always-empowered advantage,...

Implats’ Zimbabwe compensation unlikely at market rate – Liberum

South Africa’s platinum major Implats, which has reached an enforced in-principle agreement on indigenising 51% of its Zimplats assets, is unlikely to be compensated by the Zimbabwean government at the market rate, mining analyst Liberum Capital...

PLATINUM IMPLOSION

This picture shows Zimbabwe President Robert Mugabe delivering a speech at the Mimosa platinum mine in Zimbabwe on February 16. Eight days later, platinum miners Impala Platinum (Implats) and Aquarius Platinum were forced to tell their...

Zimbabwe partially rejects Mimosa indigenisation plan

Platinum miners Impala Platinum (Implats) and Aquarius Platinum said on Friday that Zimbabwe had rejected a portion of the indigenisation plan for the Mimosa mine, which they jointly own. Implats said it would negotiate with Youth Development,...