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Business: AngloGold Ashanti Finishes Offer Of Whole Stake In Mali Mining

Top mining company, AngloGold Ashanti has declared on Thursday that their partner IMG has finally completed the takeover of SEMOS, this is going to be a new development in the mining world. Prior to fulfillment of the arrangement, AngloGold Ashanti and IMG each got a money profit of US$8.2 million from SEMOS, while the public […]

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Business: Platinum Group Metals set to become the largest revenue generator in mining industry in South Africa

Platinum Group Metals (PGMs) have overtaken coal as the biggest revenue generator in South Africa’s mining industry for the first time since 2010, according to the PwC SA Mine 2020 released earlier today. Revenue from mining houses jumped 38 percent in 2020 to R594 billion from R431bn a year earlier with PGMs generating 28 percent, […]

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Business: Junior miners fight for survival in COVID-19 storm

While the mining industry overall was hard hit by the coronavirus pandemic, it is junior miners who sustained the heaviest blows – with some fighting to survive as their viability is threatened. The mining sector ramped up production as lockdown regulations were eased, but emerging miners are adjusting to a “new normal” which is set […]