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Reuters

Acacia says North Mara to be issued environmental protection order

17th May 2019 Acacia Mining said on Friday its North Mara gold mine would be issued an environmental protection order (EPO) relating to alleged historical breaches of environmental regulations in Tanzania. Acacia, majority-owned by Barrick Gold, is embroiled in a long-running tax dispute with Tanzania and had... 

Sibanye wins final go-ahead for Lonmin deal

17th May 2019 Competition Appeal Court on Friday gave the green light to Sibanye-Stillwater's takeover of Lonmin in a deal that aims to create the world's second-largest platinum producer. Lonmin's biggest mining union, the Association of Mineworkers and Construction Union, filed an appeal to try to block the... 

Sibanye-Stillwater plans to resume dividend payments in 2020

16th May 2019 Higher prices for industrial precious metals palladium and platinum have boosted earnings at Sibanye-Stillwater, enabling the miner to repay debt and plan to resume dividends next year, its chief executive Neal Froneman said. Sibanye, once the industry's highest dividend payer, last made a... 

Anglo Asian's Azerbaijan gold output rises 22% in 2018

16th May 2019 Azerbaijan's leading gold mining company, Anglo Asian Mining, said on Thursday its gold output rose 22% in 2018 to 72 798 oz from 59 617 oz in 2017. London-listed Anglo Asian produces gold at Gedabek and other Azeri mines in a joint venture with the Azeri state in which the company holds 51%. 

KGHM may beat production goal at Sierra Gorda

16th May 2019 Polish mining company KGHM may produce more copper than planned at its Sierra Gorda mine in Chile in 2019, while keeping capital expenditure (capex) below target, its deputy chief executive in charge of foreign assets said on Thursday. "We see a chance to limit capex at Sierra Gorda while... 

Metallon demands $132m from Zimbabwe central bank – documents

16th May 2019 Africa-focused gold miner Metallon Corporation is demanding nearly $132-million it says it is owed by Zimbabwe's central bank, legal documents showed on Thursday, as the country's mining sector grapples with a severe dollar crunch. The central bank denied it was in arrears with the company. 

Northam Platinum plans to buy back preference shares

15th May 2019 Northam Platinum plans to buy back about 15-million preference shares out of 159-million currently in issue in the financial year ending June 2020, its chief executive said on Wednesday. The miner, one of the top platinum producers globally, wants to reward shareholders following a boost to... 

Lithium Americas names new CEO, quarterly loss shrinks

15th May 2019 Lithium Americas, which is developing lithium projects in Argentina and Nevada, said on Wednesday that its quarterly loss shrank as costs fell and sales rose, and that its CEO would retire. The company is one of a handful of junior miners around the world working to develop mines for lithium, a... 

Codelco strikes labour deal with supervisors at Salvador mine

15th May 2019 State miner Codelco, the world's top copper producer, said on Wednesday that it had agreed on a new labour contract with the union of supervisors at its small Salvador mine in northern Chile. The union and company had entered into a government mediated negotiation earlier this month after... 

Trump administration opens up Minnesota wilderness area to copper mining

15th May 2019 The US Interior Department on Wednesday renewed two mineral leases near the Boundary Waters Wilderness area in Minnesota, a key step in opening the popular wilderness and recreation area up to copper mining despite heavy opposition from local and national conservation groups. The department's... 

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