Pro Civil to buy Gem's Ghaghoo mine. LSE-listed Gem Diamonds has entered into a binding agreement with Pro Civil for the sale of 100% of the share capital of Gem Diamonds Botswana (GDB), which holds the Ghaghoo diamond mine, which has bee...

Minergy appoints CEO-designate. JOHANNESBURG (miningweekly.com) – The Botswana Stock Exchange-listed Minergy on Thursday announced that its CFO Morne du Plessis had been appointed CEO-designate and would take over the reins of the co...

Transnet signs 8.5 billion rand rail deal with UMK. State-owned freight utility Transnet and manganese producer United Manganese of Kalahari (UMK) on Wednesday “renewed their business vows” by signing an 8.5-billion rand contract to move two-million to thre...

AMSA signs offtake for coking coal from MC Mining's Makhado Phase 1. Coal miner MC Mining has signed an offtake agreement with South African steel producer ArcelorMittal South Africa (AMSA), which will buy hard coking coal (HCC) from Phase 1 of the Makhado coking coal p...

Acacia agrees to Barrick's request to extend PUSU deadline. African gold miner Acacia Mining has agreed to its parent company Barrick Gold's request for an extension to the ‘put up or shut up', or PUSU, deadline to July 9. The previous deadline was June 18. B...

Non-disclosure of dam safety risks could prompt big investors to pull out. LONDON – Investors with a combined $12.5-trillion in assets, including the Swedish National Pension Funds and the Church of England, could review their stakes in resource companies that use storage dam...

Don't Be in a Rush to Do Business in World's Top Cobalt Producer. KINSHASA – When a foreign investor with multimillion-dollar projects across Africa was told the President of the Democratic Republic of Congo wanted to see him, he booked a suite at one of the country'...

Gold busts above $1350 as Iran tension, fed outlook spur demand. SINGAPORE – Gold smashed above $1350/oz to a 14-month high as rising geopolitical tensions bolster haven demand ahead of next weeks Federal Reserve meeting, when policy makers may move closer to cutt...

S&P; revises Sibanyes outlook to negative owing to liquidity concerns. Ratings agency S&P; Global has revised its outlook for JSE- and NYSE-listed Sibanye Gold to negative, over concern about the gold miners ability to absorb potential near-term liquidity events. The age...

AMCU seeks basic wage of 17 rand 000 for members in platinum sector. The Association of Mineworkers and Construction Union (AMCU) on Friday announced that it would seek a monthly basic wage of 17 rand 000 for its members when platinum wage discussions get under way later th...