News
Nersa tariff saves jobs at Glencore ferrochrome smelters
1+ hour, 23+ min ago (309+ words) AFTER months of uncertainty, the threat of job losses has been lifted from employees at the ferrochrome smelters of Glencore Merafe Chrome Venture. This was after South Africa's energy regulator Nersa approved a cut price electricity tariff for the country's…...
Water security a growing risk for SA mining
2+ day, 56+ min ago (316+ words) WATER supply disruptions are emerging as a significant threat to South Africa's mining sector, with bulk supply in multiple regions subject to frequent interruptions during 2025, said Business Day citing the Minerals Council South Africa's annual review. The review, covering the…...
Landslide kills 28 at Angola illegal mine
5+ day, 6+ min ago (269+ words) AT least 28 people have been killed after a landslide struck an illegal gold mining site in Angola's northwestern Bengo province, in one of the country's deadliest artisanal mining accidents, said Reuters on Monday. Authorities said four people were rescued from…...
Chalco plans $1bn Guinea alumina plant
1+ week, 1+ day ago (270+ words) CHINA'S largest state-owned aluminium producer is to invest $1bn in an alumina processing plant in Guinea, marking its first foray into overseas refining as Chinese companies race to secure raw material supplies. Bloomberg News reports that Aluminum Corp. of China, known…...
Angola targets 7% diamond output rise amid price slump
3+ week, 4+ day ago (149+ words) ANGOLA is targeting a 7% increase in diamond production this year, betting that higher volumes will offset a prolonged weakness in global prices, said Bloomberg News. Africa's largest diamond producer is aiming for output of 16. 2 million carats in 2026 at an average…...
Tharisa agrees fiscal rules with Zimbabwe for $545m project
1+ week, 2+ day ago (257+ words) THARISA has reached agreement with Zimbabwe on fiscal regulations for its proposed $545m Karo Platinum project, a critical step ahead of concluding its funding. "Agreement has been reached with the Government on the substantive fiscal arrangements, and these are being finalised…...
Master Drilling is a good company. Why isn't it fantastic?
1+ week, 3+ day ago (214+ words) MINING services specialist Master Drilling, a proverbial provider of shovels in a mining boom, should really be flying. Why the overriding scepticism? Most certainly the jaundiced sentiment witnessed in the past few weeks " which pegs the group on a trailing…...
Angola floods halt Lobito Corridor rail operations
3+ week, 4+ day ago (310+ words) FLOODING in western Angola has suspended rail traffic along the Lobito Corridor, disrupting a critical export route for copper, cobalt and other minerals from central Africa, said Bloomberg News on Monday. Lobito Atlantic Railway said significant damage had been caused…...
Congo seeks deals with miners to curb illegal mining
2+ week, 1+ day ago (288+ words) THE Democratic Republic of Congo is seeking partnerships with mining companies to formalise artisanal digging on their concessions, Bloomberg News reported on Thursday. Citing Entreprise G'n'rale du Cobalt CEO, Eric Kalala, the newswire said the proposal was aimed at reducing…...
Macquarie commodities chief out-earns group CEO
3+ week, 1+ day ago (277+ words) THE head of Macquarie Group's commodities and trading arm was paid more than the company's CEO last year after profits at his division surged 49%, propelled by asset sales and volatility in energy markets, said the Financial Times. Simon Wright received…...