Aussies advance Namibia uranium projects
TWO Australian mining companies, Bannerman Energy and Deep Yellow, are pushing ahead with major uranium projects in Namibia, joining Chinese firms already active there as…
Report warns of Russian dominance in uranium supply
RUSSIA’S share of global uranium mining capacity could climb above a third by 2040, a level of dominance that risks compromising the energy security of western nations as demand…
What resource nationalism means for Africa’s miners
Governments across Africa are seeking to assert greater control over their mineral wealth by rewriting mining codes, demanding larger equity stakes or greater local…
Anglo not exclusive with any buyer for De Beers, says CEO
ANGLO American had not entered into an exclusive agreement with any of the bidding consortiums for De Beers, said the group’s CEO, Duncan Wanblad. “We are not exclusive with any…
Anglo in talks to sell De Beers for $1bn
ANGLO American is discussing a deal worth about $1bn to sell its De Beers diamond business, a fraction of what the one-time diamond monopoly was once worth, said Bloomberg News.…
Botswana weighs options as Anglo picks De Beers bidder
ANGLO American has identified a preferred bidder for its 85% stake in De Beers, leaving Botswana to decide how it will exercise its right of first refusal, Reuters quoted a…
Why De Beers opted to shut Venetia diamond mine
DE Beers is preparing to shutter South Africa’s largest diamond mine for two years, threatening thousands of jobs and removing roughly two-fifths of the country’s diamond…
Anglo knocked as key De Beers bidder pulls interest
ANGLO American’s auction of its storied diamond division De Beers has turned out to be a bit of a dog show, with many of the potential bidders apparently dropping out amid…
China pledges deeper cooperation with Namibia
CHINA has said it would deepen cooperation with Namibia across energy, agriculture, infrastructure and minerals following a meeting between its president Netumbo Nandi-Ndaitwah…
Exxaro in advanced talks on copper diversification
EXXARO Resources is in advanced discussions regarding a potential copper investment which it hopes to advance in the next 12 months, the group’s head of business development said…
Cash-flush Omnia sails through Iran crisis
OMNIA 2026 is a far cry from Omnia 2019, when the fertiliser, explosives and chemicals group nearly collapsed under the weight of its R6.8bn debt. Back then it was forced to tap…
RBM managing director Duvenhage to leave Rio Tinto
RICHARDS Bay Minerals (RBM) said on Tuesday MD Werner Duvenhage was to leave the company at the end of July. His departure, after eight years at the firm, comes amid plans by 74%…
Appian to build $400m copper mine in Namibia
PRIVATE equity investor Appian Capital Advisory said on Thursday it is planning to build a $400m copper mine in Namibia. The UK-headquartered firm said the Omico Copper project,…
Zhaojin targets African gold mines as M&A heats up
CHINA’S Zhaojin Mining Industry is scouting for gold mine acquisitions in Africa, Central Asia and the Asia Pacific, with West African countries including Côte d’Ivoire, Ghana…
Huge uncontracted nuclear utility needs are good news for uranium
TERM contracts for uranium entered into between nuclear utilities and uranium miners have been strengthening consistently for the past five years, and will continue to drive the…
Paladin upgrades uranium guidance from Langer Heinrich
PALADIN Energy said on Friday it aimed to produce more uranium oxide from its Langer Heinrich mine in Namibia that previously forecast following a strong operational performance…
KoBold starts development of Zambia copper project
KOBOLD Metals, the mining company backed by US billionaires Jeff Bezos and Bill Gates, has begun development of its Mingomba copper project in Zambia, targeting production in the…
Gobalsamy says Omnia may build plants in the US
SHARES in Omnia Holdings are 88% higher over the past five years driven by a strategy to focus on the group’s explosives business through BME, a subsidiary. Mining now accounts…
Anglo takes $2.6bn hit on De Beers as gem destock continues
ANGLO American battled during the year to end-December reporting a 66% drop in basic underlying earnings per share on all operations (continuing and discontinued) as De Beers…
Paladin on track for Namibia uranium ramp-up
PALADIN Energy expects to complete the ramp-up of its Langer Heinrich uranium mine in Namibia to reach maximum output from July as higher prices accelerate mining investment. CEO…