Zambia’s Konkola Copper Mines has suspended production at its Chingola open-pit mine after the expiry of the contract with its Brazilian mining partner, the company said on Thursday. Konkola, owned by London-listed Vedanta Resources, contracted Brazil’s U&M Mining...
Anglo American Platinum shuts mines, axes 14,000 jobs and sends platinum prices skyrocketing Anglo American Platinum (Amplats), the platinum miner that was hit by a wave of violent strikes last year, announced Tuesday its intentions to close and sell off several of...
Thousands of gold miners have asked permission from South African courts to sue some 30 mining companies over negligence in health and safety that the miners allege has caused them to contract silicosis, a debilitating and potentially fatal lung disease. Just before...
As tensions in the mining sector start to flair up again, newly-elected ANC Deputy President Cyril Ramaphosa told CNN that mining companies need to take greater responsibility for the welfare of their workers. Speaking to Christiane Amanpour, the billionaire and...
UK Takeover Panel censures Bumi In mid-December 2012, the UK Takeover Panel ruled that the notorious Bakrie Group, and an investor called Rusan Roeslani, must reduce their shareholder voting rights in London-listed Indonesian coal giant Bumi plc from 50.3% to less...
Rio Tinto Group is said to have invited bankers to Mongolia to help it raise as much as $4 billion of debt for the Oyu-Tolgoi copper-gold site, the country’s biggest-ever mine. Rio Tinto is seeking to raise as much as $2 billion from commercial banks, with the...
