Russia’s Norilsk Nickel , the world’s top nickel and palladium producer, said it had agreed to sell stakes in two African nickel mines for $337 million to BCL, a Botswana-based copper mining firm looking to expand.
Hulamin Ltd (HLM) is a mid-stream aluminium semi-fabricator. It is also one of those companies that fits the Peter Lynch model of “boring name, doing boring things.”
Aquarius Platinum’s planned sale of stakes in a small mine and project to a Chinese consortium for $37 million had been terminated after it failed to get South African regulatory approval, the mid-tier producer said on Wednesday.
China’s proposed cap on coal consumption and ban on low-quality imports is support of a law to tighten air pollution control by cutting the use of coal,
JOHANNESBURG (Reuters) – South African stocks posted a second straight session of gains on Monday led by the world’s top platinum mining companies, which gained as palladium hit a 13-year high. Impala Platinum, the world’s second largest platinum producer, added 2.85 percent, making it the top blue-chip performer of the day, while bigger rival Anglo … Read more
While coal gasification as a source of energy is not new – it was first mentioned (in the UK) close to 150 years ago – unfolding technology since then has moved it closer and closer to technical and economic viability…to the point that South African power utility Eskom has recently been showing a more than … Read more
Maseru, Lesotho | AFP | Tuesday 5/8/2014 A 198-carat white diamond of excellent quality has been discovered in Lesotho, mining firm Gem Diamonds announced Tuesday. The stone was found in the Letseng mine in the kingdom’s northern Maluti mountains in July, the firm said in a statement. “This exceptional white, high-quality diamond displays no florescence and is expected to achieve … Read more
JOHANNESBURG (Reuters) – World no. 1 platinum producer Anglo American Platinum said on Monday it planned to sell its Union mine, Rustenburg operations and a joint venture in South Africa, a widely expected move after it was hit by a five-month strike. Unveiling its interim results, Amplats said it had lost over 420,000 ounces in production to the … Read more
KINSHASA (Reuters) – Growth in copper production in Democratic Republic of Congo will slow in 2014 from its rapid pace the previous year due to insufficient energy supply and uncertainty over new mining laws, Congo’s mining chamber said. Copper production leapt to a record 914,631 tonnes last year from 620,000 tonnes in 2012 as new … Read more
By Wendell Roelf CAPE TOWN (Reuters) – Huge mud-sifting machinery and other technological advances pioneered by De Beers over the past decade have enabled it to profitably exploit the world’s largest marine diamond deposits in deep waters off Namibia. A bright green crawling machine that weighs 286 tonnes and stretches over three storeys tall recovers … Read more