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WEBMiningmx is a digital publication which provides independent news and analysis related to the African mining sector. The publication does not republish the content of other news vendors and focuses on producing best content through its …
So far, AngloGold is on the right side of Centamin pricing risk
WEB21 hours ago — Van Graan, who declares himself “not a fan of mergers & acquisitions”, remarks that AngloGold has played its chips right at the top of the gold market. (The gold price touched a record above $2,500/oz in the week AngloGold announced its deal.) Calderon’s view is that the premium paid by AngloGold for Centamin, roughly 37% above the …
Hummingbird’s Betts steps down amid operating, strategic review
WEB23 hours ago — September 27, 2024. HUMMINGBIRD Resources announced on Friday an operational and strategic review in which it will cut costs, sell non-core assets and overhaul management, starting with founding CEO Dan Betts who will step down. “After 17 years of building Hummingbird from a grassroots exploration company to a …
Gemfields ready to defend balance sheet if market weakens
WEB21 hours ago — September 27, 2024. GEMFIELDS CEO Sean Gilbertson said on Friday the company was prepared to cut costs and seek additional finance if there was a repeat of poor gemstone auctions this year. He was commenting in notes to the firm’s interim results announcement in which the company posted a 24% year …
US accelerates battery minerals investment with South32 grant
WEB5 days ago — SOUTH32 said its Hermosa project in Arizona was in line to receive a $166m grant from the US Department of Energy which the miner will put towards the construction of a manganese production facility. South32 recently approved Hermosa, a $2.16bn zinc-lead-silver project with potential manganese production from the …
Cash flush Harmony never better placed to grow offshore
WEB4 days ago — Operating free cash flow was R12.7bn in the 12 months to end-June, another record. Net cash is R2.8bn as of June 30. What’s more, those numbers were achieved at an average gold price of $1,999/oz. Since July, the dollar gold price has surged from about $2,300/oz to $2,575/oz. While Harmony’s costs are …
Gold Archives - Miningmx
WEBAngloGold bids $2.5bn in cash and shares for Centamin. David McKay - September 10, 2024 0. ANGLOGOLD Ashanti has launched a $2.5bn share and cash takeover of Centamin, the 470,000 ounce a year African gold miner. The offer, which has received...
About Us - Miningmx
WEBAbout Us. Miningmx is a digital publication which provides independent news and analysis related to the African mining sector. The publication does not republish the content of other news vendors and focuses on producing best content through its network of independent journalists. The scope of the news and analysis is around commodity markets ...
Sibanye-Stillwater settles Lonmin PGM streaming deal for ... - Miningmx
WEBMarch 4, 2020. SIBANYE -Stillwater today settled a metals streaming agreement over platinum group metals (PGM) mined from Marikana, operations formerly owned by Lonmin. The terms of the settlement include payment of $50m in cash (R766m) to the counter party that financed for $50m construction of Lonmin’s Bulk Tailing Treatment facility in 2016.
Energy Archives - Miningmx
WEBChinese firm buys control of MC Mining for R1.6bn. David McKay - August 28, 2024 0. A CHINESE firm listed in Hong Kong has bought control of South African thermal and metallurgical coal development firm MC Mining. The $90m (R1.6bn) deal...
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