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AfriTin secures working capital facility for Namibia mine. Aim-listed AfriTin's subsidiary, AfriTin Mining Namibia, has entered into a N$35-million working capital facility and an N$8-million value-added tax (VAT) facility with Nedbank Namibia. AfriTin CEO An...

Prieska project epitomises South Africa's base metals potential - Smart. There is a "fantastic opportunity" for the South African base metals sector, given the Northern Cape's mineralisation, the impending global copper supply deficit, the battery technology trends in the a...

Higher output, lower impairments boosts Harmony's headline earnings. JSE-listed gold miner Harmony Gold expects its headline earnings per share (HEPS) for the financial year ended June 30 to be between 191c and 226c. This would represent a year-on-year increase of betw...

Africa's largest fund manager sees next gold boom in West Africa. JOHANNESBURG - Africa's largest money manager sees "significant investment opportunities" in West African gold mining as the industry at the southern end of the continent declines. Investor-friendly p...

Favourable gold price pushes Gold Fields' cash flow into positive territory. Presenting on the company's financial results for the six months ended June 30, NYSE- and JSE-listed Gold Fields CEO Nick Holland said the strong gold price, spotting between $1400/oz and $1450 durin...

Exxaro's equity-accounted investments to offset lower interim earnings. Diversified miner Exxaro Resources expects its headline earnings per share (HEPS) for the six months ended June 30 to be between 35% and 47% higher year-on-year. HEPS will be between 16.50 rand and 17.90 rand...

De Beers will let buyers reject more diamonds to fend off crisis. LONDON - De Beers will let buyers reject more diamonds at a sale next week as the mining company shows almost unprecedented flexibility to ease a growing crisis. The Anglo American unit has told custo...

Platinum-using buses, forklift trucks gaining rapid ground worldwide. JOHANNESBURG (miningweekly.com) - Fuel cell electric vehicle (FCEV) technology, which relies on platinum catalysis, is gaining rapid ground across the world, Mining Weekly Online can today report. FCE...

AMCU warns of possible Sibanye platinum strike as negotiations continue. JOHANNESBURG (miningweekly.com) - The Association of Mineworkers and Construction Union (AMCU) has warned of a possible strike at Sibanye-Stillwater's platinum mining operations in South Africa amid a ...

Kumba, Rosond sign 2 billion rand deal to advance next-generation drilling. Diversified miner Anglo American's Kumba Iron Ore subsidiary and drilling specialist Rosond have entered into a 2-billion rand multiyear agreement to develop and implement a next-generation drilling contra...