News
China's KDG completes takeover of JSE's MC Mining
1+ hour, 49+ min ago (242+ words) THE Hong Kong listed Kinetic Development Group (KDG)" has completed the takeover of ASX and JSE listed coal producer MC Mining in which it now holds a 51% stake following finalisation of the second tranche of the $90m deal on April 22. MC…...
MC Mining advances Makhado construction but shuts Uitkomst mine
5+ day, 8+ hour ago (259+ words) MC Mining is pushing ahead with development of the Makhado hard coking coal mine in Limpopo and expects to begin hot commissioning activities and the start-up of the Coal Plant during May this year. This follows the purchase of MC…...
Huge uncontracted nuclear utility needs are good news for uranium
1+ week, 5+ day ago (210+ words) TERM contracts for uranium entered into between nuclear utilities and uranium miners have been strengthening consistently for the past five years, and will continue to drive the outlook for uranium prices, Paladin Energy showed in its latest quarterly results presentation....
Kenya opens bidding for prized rare earths deposit
4+ week, 2+ hour ago (321+ words) KENYA has invited expressions of interest in its Mrima Hill rare earths and niobium deposit, launching a competitive tender process that Nairobi hopes will attract bidders from the US, China and Australia. The prospect of investment in Mrima Hill comes…...
DRC to build strategic reserve of key minerals
2+ week, 5+ day ago (313+ words) THE Democratic Republic of Congo will establish a strategic reserve of cobalt, coltan and germanium, giving the central African country greater control over markets for some of the world's most critical metals, said the Financial Times. The reserve, adopted by…...
India-Zambia critical minerals talks stall over rights
2+ week, 5+ day ago (242+ words) INDIA'S efforts to secure critical minerals from Zambia have stalled after Lusaka withheld assurances over mining rights, two sources familiar with the matter told Reuters. India received an allocation of 9, 000 square kilometres in Zambia last year to explore for cobalt…...
Africa has turned the screw on its gold miners. Just ask Gold Fields
2+ week, 4+ day ago (450+ words) RESOURCE nationalism is back in a big way in Africa's gold sector. The latest company to come under its eye is Gold Fields, where there are concerns about the cost of renewing its mining licence for Tarkwa, a gold mine…...
Transnet reform critical if SA wants role in SADC metals flow
3+ week, 21+ hour ago (325+ words) THE century-old Benguela railway is back in business. Running from the copper belt of the Democratic Republic of Congo (DRC) through Zambia to Angola's deep-water port of Lobito, it is emerging as one of Africa's most strategically important freight corridors....
Canada moves to save Glencore's Quebec copper smelter
1+ mon, 6+ day ago (291+ words) THE Canadian and Quebec governments are working to prevent the closure of Canada's only copper smelter after Glencore threatened to shut the facility unless a deal can be reached over new pollution-control requirements, said Bloomberg News. Glencore last month suspended…...
Motsepe's ARC ruled not liable for breach in Pula dispute
2+ week, 6+ day ago (380+ words) AFRICAN Rainbow Capital (ARC) has won a declaratory judgment in the Johannesburg High Court which ruled it had no liability under a confidentiality agreement at the centre of a $195m damages claim brought against it in Tanzania. Judgment was handed down…...