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Reuters

Newmont calls initial Nevada joint venture talks with Barrick 'productive'

6th March 2019 Newmont Mining Corp said on Wednesday that initial talks on a possible Nevada joint venture with Barrick Gold Corp were productive. Barrick CE Mark Bristow and Newmont CEO Gary Goldberg met for dinner on Tuesday night in New York. Major shareholders have pushed for a Nevada JV, expressing concern... 

Russia wants to join Luxembourg in space mining

6th March 2019 Russia, a leading producer of natural resources, plans to join Luxembourg in mining for minerals in outer space, Russian Deputy Prime Minister Tatyana Golikova said on Wednesday. Space mining has been the realm of science fiction, but a handful of firms and governments are pursuing the idea of... 

Kazatomprom expects revenue to grow this year

6th March 2019 Kazakh uranium miner Kazatomprom expects further revenue growth this year on higher prices, it said on Wednesday after posting a 112% jump in 2018 adjusted net profit on higher sales volumes and prices. London-listed Kazatomprom's net income adjusted for one-off transactions stood at... 

ArcelorMittal reaches railway deal, resumes output at Bosnia mine

6th March 2019 ArcelorMittal has agreed a provisional transportation deal with a Bosnian regional railway company, the steelmaker said on Wednesday, allowing production to resume at its iron ore mines in northwestern Bosnia. Production at the mine was halted after talks on the deal with the Zeljeznice RS... 

African fuel retailer Vivo Energy posts higher profit, volumes

6th March 2019 African fuel retailer Vivo Energy Plc reported a 2% rise in 2018 gross profit on higher volumes and forecast low to mid double-digit%age volume growth for the current year despite tough market conditions in Morocco. The company, which distributes and markets Shell-branded fuels and lubricants in... 

South African business confidence falls to five-month low in February

6th March 2019 South Africa's business confidence deteriorated in February, falling to 93.4 from 95.1 in January, the South African Chamber of Commerce and Industry (SACCI) said on Wednesday -- the index's lowest level since September. Confidence in Africa's most industrialised economy has been strangled by... 

SARB still sees 2019 growth at 1.7%

6th March 2019 The South African Reserve Bank (SARB) still expects the economy to grow by 1.7% this year and 2% in 2020, governor Lesetja Kganyago said on Wednesday after the latest fourth-quarter data showed an annualised growth of 0.8%. Kganyago said rising fuel and electricity prices posed a domestic risk to... 

Zimbabwe allows mines, others to import own fuel as shortages bite

6th March 2019 Zimbabwe on Tuesday allowed mining companies and other businesses to import their own fuel following shortages that have gripped the economy in the last six months due to a severe dollar crunch, a cabinet minister said. Supplies of fuel in the southern African nation have been intermittent since... 

Brazil Minister calls Vale 'important' even as prosecutors probe miner

6th March 2019 Brazil's mining minister on Tuesday defended iron-ore miner Vale as vital to the country's economy, even after prosecutors accused the company of pressuring auditors to suppress evidence that its Brumadinho dam was unstable, months before the dam collapsed in January, killing hundreds. Minister... 

Centerra Gold mulls dividend after close of Kumtor deal

6th March 2019 Centerra Gold is likely to reinstate its dividend after it closes a deal with Kyrgyzstan to resolve a longstanding dispute over the Kumtor gold mine, its chief executive said in an interview. The company expects the agreement, which it reached in September 2017 to resolve issues including... 

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