John Maynard Keynes, the renowned British economist of the 1920s, ’30s and ’40s who made a fortune off South African gold shares in 1933 when Franklin Roosevelt took America off the gold standard, never minced words.
Vedanta Zinc International (VZI), a subsidiary of LSE-listed Vedanta Resources, is on track with progress on its Gamsberg project at black mountain mining in Northern Cape, South Africa.
Wonderware Southern Africa, sole regional distributor of Wonderware industrial software solutions, an EOH company, has undergone a digital transformation to become IS³.
PGM producer, Anglo American Platinum (Amplat), has accepted Royal Bafokeng Platinum’s (RBPlat) offer to sell its 33% stake in Bafokeng Rasimone Platinum.
Gold miner AngloGold Ashanti has received environmental permits for the Obuasi Gold Mine from Ghana’s Environmental Protection Agency which the company says, is another important milestone paving the way for the redevelopment of the large, high-grade ore body.
Junior miners struggle to access funding for project development.
Precious metals producers, Sibanye-Stillwater and Lonmin, have received clearance of the proposed unconditional acquisition, announced by the Competition and Markets Authority (CMA).
“Minerals Council only supports a 30% black ownership target on new mining rights, with shares allocated for communities, organised labour and black entrepreneurs,” the council said in a statement.
Diamond producer, De Beers Group will launch Lightbox Jewelry, a new laboratory-grown diamond jewellery company, in September.
Gold producer AngloGold Ashanti has begun a consultation process with employees that contemplate some 2 000 roles across the company’s South African business, which currently employs roughly 8 200 people.
The Minerals Council South Africa (formerly known as the Chamber of Mines) recently re-elected its current bearers to serve for the 2018/19 term of office.