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Johannesburg
Wed, May 18, 2022
The government of Zimbabwe has announced plans to promote use of local currency in mining transactions. Finance Minister Mthuli Ncube made the announcement and said the order reverses a 2020 decision requiring mining companies to pay the tax only...
Anglo American Platinum (Amplats) has announced plans to sell stakes; a 50% interest in pool-and-share agreements (PSA) related to two South African mines to platinum group metals miner Sibanye-Stillwater(PGM). The sale follows the completion of Anglo American Platinum’s restructuring and...
Saudi has recorded its highest revenues in the mining industry this year. Ministry of Industry and Minerals Resources confirmed and said the mining sector exceeded SR724 million ($192.8 million) in first 10 months of the year, with 690 mining...
Omnia Holdings Limited (“Omnia”), a JSE-listed diversified chemicals Group, has published its interim results for the six months ended 30 September 2021. The Group delivered a strong financial and operational performance, having successfully navigated a complex global environment characterised...
Some of the highlights include: Tripling Q3 net profit to RUB 25 billion ($354 million), reinforced by recovering sales Increasing Q3 sales by 83% year on year to 9.2 million carats of diamonds Restoring output to 30 million carats...
Nadia Statham, financial director at BME Nadia Statham has been appointed Financial Director of blasting and explosives company BME, a member of the JSE-listed Omnia Group. Joining BME in 2017 as Head of Commercial, Statham progressed to the position of General...
ALROSA, the world’s leading diamond miner by volume in carats, released its first ever Impact Report covering the period 2010-2020. The report summarises the company’s social and economic progress in Yakutia, Russia’s largest and coldest region, which is home...
Nigeria has recorded a 15% increase in earnings from the mining sector. This is according to a new report released by the Nigeria Extractive Industries Transparency Initiative (NEITI). The data showed that the country earned US $195million from the solid...
Today, the Commission announces an additional €20 million to finance a new power plant in Rwanguba, that will provide a further 15 Megawatt of electricity. The European Union's rapid response to the urgent environmental crisis in the Democratic Republic...
Perseus Mining Limited has released its CY20 Sustainable Development Report. The report details the company’s progress over the past 12 months in delivering on its commitment to responsible mining operations in Côte d’Ivoire and Ghana, including an overall...