Barrick CEO says nothing exploitive in play for Acacia shares. TORONTO – A low-ball proposal by parent Barrick Gold to buy out Acacia Mining is an “appropriate” and “elegant” solution to a two-year dispute that has devastated the relationship between the global mi...

B2Gold dismisses reports of Zim gold mine acquisition. Canadian miner B2Gold CEO Clive Johnson has dismissed reports about the company acquiring a gold mine in Zimbabwe, stating on Friday that the company was “not pursuing material developments or producti...

Bank says Lonmin investors should reject Sibanye offer. JOHANNESBURG – Africa’s biggest bank said Lonmin investors should reject Sibanye-Stillwater's takeover offer as it undervalues the platinum miner’s assets by as much as 6.64-billion rand. While Sibanye’...

Ambivalent response to impact of Mining Charter 3 on juniors. There should be a new regulatory regime for juniors – one that adheres to the spirit of Mining Charter III, but which introduces reasonable and achievable transformation and procurement targets relativ...

PIC goes to London for Lonmin decision. JOHANNESBURG – South Africa's Public Investment Corporation (PIC) faces a tough choice: back Sibanye Gold’s takeover of Lonmin, and take a hit on its investment, or scupper the deal and risk having to ...

NPA to starts prosecution of Aurora directors. Organisation Undoing Tax Abuse (Outa) on Thursday announced that the National Prosecuting Authority (NPA) would start its prosecution of the former directors of Aurora Empowerment Systems on May 28. ...

Use remote machinery to mine at depth ­– Jourdan. JOHANNESBURG (miningweekly.com) ­– Independent consultant Dr Paul Jourdan on Thursday called on South Africa to cease sending people down dangerous deep-level mines and introduce remote machinery to mi...

Minerals Council welcomes safety improvements, but warn of continuing policy concerns. JOHANNESBURG (miningweekly.com) – The Minerals Council South Africa will, later this year, launch a new health and safety initiative called Khumbela iKhaya, council chaiperson Mxolisi Mgojo revealed on...

Barrick bids for rest of Acacia as Tanzania refuses direct settlement. Toronto-headquartered Barrick Gold has presented a proposal to its London-listed subsidiary Acacia Mining to buy the rest of the shares in the miner that it does not already own for $285-million. Th...

Mining sector facing similar ‘bullying tactics’ to that hindering construction. JOHANNESBURG (miningweekly.com) – Similar “bullying tactics” to those that are causing significant disruption in the South African construction industry, is also affecting the mining industry, Minerals...