Barrick Gold Corp, the world’s largest bullion miner, officially began trading as a merged entity with Randgold Resources on Wednesday, after the US$18.3 billion mega-deal gained final approval last month. The company’s shares will be traded on the New York Stock Exchange under the ticker GOLD,...
Four emerging African technology businesses will be given the opportunity to pitch their innovative industry solutions at the 2019 Investing in African Mining Indaba through Australian incubator firm Unearthed Solutions. Unearthed has partnered with the Mining Indaba to create Startups Unearthed Africa, an online competition aimed...
The Australian High Commissioner to Zambia has called for a stable business environment to ensure investment continues to flow into the mining sector, following recent government proposals to increase royalty tax on the sector. “For any productive direct investment, the operating environment has to be right,”...
Zimbabwe Consolidated Diamond Company (ZCDC) plans to commence full-scale mining in the next 30 to 60 days at its Chimanimani diamond fields in Eastern Zimbabwe. Addressing stakeholders at the recent diamond security feedback meeting in Mutare, ZCDC’s chief executive Morris Mpofu said the company had already...
A consortium led by private equity group Ata Resources has delivered a binding, conditional commitment to acquire the entire share listed capital of South African miner Universal Coal. On behalf of the consortium, and through a special purpose bidding company, Ata offered a fully cash settled...
Villagers living around the Marange diamond fields in the Manicaland province of Zimbabwe will be allocated mining claims as part of government plans to support artisanal and small-scale mining activity. The plans were laid out by Zimbabwe Miners Federation’s (ZMF) president Henrietta Rushwaya during a recent...
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...