Africa

Zinc recycler ZincOx has agreed to restructure its debts with partner Korea Zinc Company, the first stage of a refinancing that will include raising equity funds. Korea Zinc lent ZincOx US$57 million through offtake and development loans to build...

Mineral exploration in Australia during the September 2015 quarter was dominated by exploration on existing deposits, leading to a fall in greenfields mineral exploration metres drilled, according to Association of Mining and Exploration Companies (AMEC) chief executive officer Simon...

Lonmin’s Marikana mine concentrator plant. South African platinum producer Lonmin (LON:LMI), the world’s third largest, avoided Monday becoming the biggest casualty of the commodity crisis by winning shareholder support for a $407 million equity sale. The company said it...

Telferscot Resources Inc. (CSE:TFS) ("Telferscot" or the "Company") is pleased to announce that it has entered into a Letter of Intent (the "LOI") to sell its 2,775 common shares or approximately 7.4% interest in Kolwezi Copper Corp. ("KCC") for...

Anglo reshuffles top management team, waves iron ore boss good-byeAnglo American’s chief executive Mark Cutifani (Image from archives) Anglo American (LON:AAL) announced Thursday major changes at the senior management level, including the departure of its Brazil-based iron ore chief...

“…The clear intention of The World Bank to collaborate with the NEXIM Bank towards a structured intervention in the Nigeria’s solid minerals sector is quite expedient. More so, with commitment and firm resolve of President Muhammad Buhari to diversify...

Semafo gains into teeth of weak gold priceShares of Semafo Inc (TSE:SMF) defied a fresh slump in the gold price on Thursday, after announcing better than expected third quarter financial results on the back of a strong operational performance...