South African fertiliser company Kropz has confirmed it will list on London’s Alternative Investment Market (AIM) by the end of the month and appointed a former BHP board member as its chairman. The company plans to use funds raised by the IPO to progress its Elandsfontein...
The Johannesburg Stock Exchange’s (JSE) mining index has risen above increasing costs and policy uncertainty in South Africa’s resources sector to outperform the all share index for the first time in a decade. Global accountancy firm PwC’s ‘SA Mine 2018’ report found that in the 12...
Africa-focused gold producer Randgold Resources has agreed to be bought out by Barrick Gold Corp in a merger deal that will create a US$18 billion gold company – the world’s largest. Under the terms of the mega-deal, Randgold shareholders will own about 33.4% of the merged...
The 2018 International Conference on Artisanal and Small-scale Mining & Quarrying (ASM18) kicked off in Livingstone, Zambia yesterday with over 500 people from more than 70 countries gathering to chart a vision for sustainable development in the sector. ASM18 is the largest international gathering of artisanal...
South Africa’s mining industry made modest growth during the second quarter of 2018 according to latest figures from Statistics SA. Month on month, mining production increased by 2.8% in June, enough to pull the world’s fifth largest mining industry (in terms of economic value) out of...
South Africa-focused miner Lonmin (LSE:LMI) will move its head offices from Johannesburg to its Marikana operations in a cost-cutting strategy. The platinum producer reported a half year operating loss of US$199 million, compared to a loss of $21 million the previous year, as the firm was...