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The country has amended rules that prevented mining companies claiming refunds on value-added tax payments.
Julian Phillips thinks with the growth of currency uncertainty, it is unsurprising that there is a move to repatriate gold back to national vaults.
Pretoria-based Public Investment Corp says it currently prefers platinum equities because of the metal’s industrial applications.
By paying down debt, the company plans to protect its balance sheet from a decline in bullion prices.
Chris Stevens, Director Mining and Resources at Werksmans Attorneys, outlines important issues with pending legislation in South Africa.
Tiger Resources is to acquire, subject to the necessary approvals, the 40% of the Kipoi copper project in the DRC which it doesn’t already own.
A painful restructuring is expected in South Africa's platinum sector after the longest and costliest strike in the nation's history ended in June.
Intrepid’s offer would inject needed funds to help pay for pre-development work on the Kitumba copper project.
Its immediate aim is to ramp up production after a crippling five-month platinum strike that hit the sector this year.
The diversified miner has three iron ore operations, known as the Western Cluster project, in Liberia.
German ice plant manufacturer KTI has successfully introduced its ice plants to help cool working area temperatures at one of South Africa’s deeper gold mines.
In his daily commentary Julian Phillips of the Gold Forecaster notes that India demand is strongest in Asia with premiums on the rise.
The country’s mines ministry plans to negotiate a staggered repayment of the $600 million in VAT it has withheld from copper producers.
Ben Magara has denied assertions from mining industry sources that the company aimed to cut around 5,700 jobs.
A torrid 2014 is not yet behind the big SA players in the PGM sector, analyst commentary suggests.
At least 27 artisanal miners were buried in the collapse of the mine located at Ndassima.
The bond, sold by FirstRand Bank last week, will provide cheap funding to the bullion-trading desk of South Africa’s second-largest lender.
The Obotan section of its Asanko gold mine in Ghana is targeted to produce at a rate of 200,000 oz/year gold by 2016.
The new methods at South Deep are part of a bid to meet a target of producing 700,000 gold ounces a year by around 2018.
Sierra Leone-focused London Mining says the Ebola outbreak across West Africa could hurt its production in the second half.
The bullion producer reported a 20% rise in quarterly profit on Thursday despite a fall in prices and output.
Impala Platinum’s Zimbabwe subsidiary has implemented a complete shutdown of its flagship Bimha platinum mine due to further deterioration in ground conditions.
Harmony plans to temporarily close its Target 3 shaft in South Africa, a move that could affect up to 1,500 jobs.
Banro has suffered delays at one of its two mines in the DRC and has agreed to sell future gold production for $121 million.
Ivanhoe has retained BMO Capital Markets and Morgan Stanley as financial advisers to conduct a strategic review of its DRC copper projects.
Julian Phillips of the Gold Forecaster notes that gold & silver were cut down hard in thin trading Friday and wonders if silver's fall was exaggerated.
Zijin set aside $1.3 billion for acquisitions this year, CFO Hongying Lin told reporters at a press conference in Hong Kong today.
Petra remains on track to meet its production target of about 5 million carats annually by the 2019 financial year.
Access to the funding will give the company some breathing space as it grapples with lower iron ore prices and the Ebola crisis in West Africa.
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