Better regulation of relationship between mining investors, govt possible – Leon . Africa’s resource curse is primarily the result of market-related factors, particularly commodity price fluctuations, which are, in turn, aggravated by political factors that relate to institutional qu...

DRDGold’s output rises 5%; portion of stolen concentrate recovered . Dual-listed DRDGold’s output increased by 5% quarter-on-quarter to 48 001 oz for the quarter ended September 30, primarily owing to a 4% increase in tonnage throughput at Far West Gold Recoveries (FWGR...

AngloGold’s free cash flow doubles; asset divestment process ongoing . JSE- and NYSE-listed AngloGold Ashanti achieved a 156% year-on-year increase in free cash flow to $87-million for the third quarter ended September 30.

This was, however, offset by higher capital exp...

Sibanye secures new R5bn loan facility . NYSE- and JSE-listed Sibanye-Stillwater has successfully refinanced its R6-billion revolving credit facility (RCF) that would have matured on November 15.

The new three-year R5.5-billion RCF has been...

Barrick CEO says Zambia mine worth more than $735m . LUSAKA – Barrick Gold believes its Zambian copper mine is worth more than the $735-million carrying value listed in its latest annual report.

CEO Mark Bristow said he’s received interest from potenti...

Mining, metals companies partner with WEF on responsible sourcing . Seven mining and metals companies have partnered with the World Economic Forum (WEF) to support the responsible sourcing of raw materials using blockchain technology.

The Mining and Metals Blockchain...

Mid-2020 debut for world’s largest hydrogen mine haul truck – Anglo . JOHANNESBURG (miningweekly.com) – The first motion of the world’s largest hydrogen-powered mine haul truck is scheduled for mid-2020, with testing continuing at Anglo American Platinum’s Mogalakwena mi...

Kibali ‘to meet or beat’ guidance, says Barrick following new records . The underground operation at the Kibali gold mine, in the Democratic Republic of Congo (DRC), set new mining and shaft production records in the third quarter, keeping the Barrick Gold tier-one gold mi...

Bidders stand ready for South32 manganese assets . PERTH (miningweekly.com) – Expressions of interest have already emerged for diversified miner South32’s manganese alloy assets in South Africa and Tasmania, despite the fact that a review into the futu...

Transnet launches world’s longest production train . SALDANHA BAY (miningweekly.com) – State-owned rail company Transnet Freight Rail (TFR) on Thursday launched a 4-km-long train, with 375 wagons, officially making it the longest train in the world.

Th...