International

Australian mining outfit, Paladin Energy is in the process to announce a solvency restructuring proposal, and a potential option in favour of China National Nuclear Company (CNNC) which could entitle Overseas Uranium Holdings Ltd to acquire Paladin´s interest in the Langer Heinrich mine. China National Nuclear is a minority shareholder …

The upswing in the mining industry, which was reflected at the 2017 Investing in African Mining Indaba in Cape Town in February, has opened up exciting opportunities for a wide range of companies active in the sector. The improved outlook towards commodity prices, particularly iron ore, coal and base metals, …

Auroch Minerals the developers of Karibib Lithium project has signed an option and joint venture deal for EPL 5751, as part of efforts to grow the project. EPL5751 is one of the company’s five existing Exclusive Prospecting Licenses in Karibib area. Under the new agreement, Dynamic Geo Consulting Services, Auroch …

According to BMI Research, a Fitch Group Company, the downside risk to the Namibian mining sector is the empowerment component of the New Equitable Economic Empowerment Framework (NEEEF) Bill. Fitch Ratings, a subsidiary of Fitch Group, last year adjusted the outlook on Namibia’s sovereign debt from stable to negative. Moody’s, …

Global copper markets will be oversupplied for at least two years, executives at some of the world’s major producers of the metal and traders said recently, casting doubt on the chances of a prolonged rally in prices. That tempered assessment of the market at an industry conference in Shanghai came …

The first Sandvik AutoMine Loading installations were delivered more than 10 years ago and the automation system continues its success story today. More and more mines globally are discovering how Sandvik AutoMine can improve their operations. “This year seems to be a turning point with many new Sandvik AutoMine Loading …

Aim-listed Gemfields’ latest auction of emerald and amethyst has netted revenue of $11.1-million. The auction, held in Jaipur, India, from September 26 to 29, included commercial-quality rough emerald extracted at Gemfields’ 75%-owned Kagem mine, in Zambia, and higher-quality amethyst mined by Gemfields’ 50%-owned subsidiary Kariba Minerals in Zambia. Of the …

The nuclear industry is gradually recovering from its post-Fukushima slump, but excess capacity keeps uranium prices at record lows, forcing mining companies to mothball mines, slice costs and cut debt as they struggle to survive. In the wake of the March 2011 Fukushima disaster, Japan closed its nuclear reactors, which …

Vale has agreed to new terms for the sale of stakes in a coal mine and railway project in Mozambique to shareholder Mitsui & Co, in a deal that will raise $768-million and could help Vale free up to $2.7-billion in funding commitments for both projects. The sale of Vale’s …

Dual listed Tawana Resources has moved to acquire a second lithium project, with the company entering into an agreement to acquire the mining rights to the Uis pegmatite tailing stockpile in Namibia. The Uis project consists of some 20-million tonnes of stockpile derived from one of the largest pegmatite tin …