Xceed Resources has signed an MoU with South Africa’s Thebe Mining Resources to sell a cornerstone stake in its Moabsvelden coal project for AUD 11 million (US$112.90 million)
Mining
Rise in gold production helps Mwana overcome losses
Mwana Africa, a Pan-African mining company, has recorded an increase in gold production at its Freda Rebecca mine in Zimbabwe
Drop in demand hits South African platinum miners
Platinum miners in South Africa have been taking a beating due to the drop in demand for the metal from car producers in Europe
SA mining nationalisation threat lingers on
Fear of nationalisation of mines in South Africa continue to push away potential investments in the country. (Image source: timofair/Flickr)
Persistent fears of the forced nationalisation of mines in South Africa have jeopardised potential investment in the country, according to ratings agencies Fitch and Standard & Poors
SA gold mine closed after fire accident
The South African government was forced to shut down a gold mine owned by one of the world’s top gold producers, Gold Fields, after an underground fire killed five workers
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The project carries an estimated total cost of US$12bn. (Image source: The Republic of Ghana Presidency)
The initiative was unveiled at a meeting at the UIA head office. (Image source: UIA)
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