The ASX-listed subsidiary of Glencore, Sphere Minerals, has executed an exclusive option to Al Rawda Resources to buy an 80% interest in its Askaf project, in Mauritania. The agreement would see Al Rawda pay $10-million in cash, along with a life-of-mine royal...
INDUSTRY and Commerce Minister Mike Bimha says ferrochrome industry players should utilise the lifting of the ban on raw chrome exports to stabilise their operations and recapitalise. He told Business Chronicle in Gweru that the chrome sub sector needs to embr...
Nickel miner Poseidon Nickel is developing an alternate strategy for its Silver Swan project after a sales agreement with Caeneus Minerals fell through.
MINES and Mining Development Minister, Walter Chidhakwa, who has been under fire for failing to put in place measures to resume chrome ore exports, this week set up a special purpose vehicle (SPV) for small scale miners to use for export of the mineral.
The Obama administration is actively considering the re-imposition of tariffs on a range of South African exports worth billions of rand including cars, ferromanganese, citrus and wine, unless SA moves rapidly to open its market to US chicken, beef and pork.
Global commodities mining and marketing company Glencore on Monday announced a fully committed proposed equity capital raising of up to $2.5-billion alongside additional $10.2-billion capital preservation and debt reduction measures, portfolio optimisation a...