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Bloomberg

Barrick confirms it has studied offer for Newmont

22nd February 2019 Barrick Gold, the world’s second-largest gold producer, confirmed it has considered a bid for Newmont Mining Corp. as the Canadian mining giant looks for ways to boost production. Barrick has reviewed the opportunity to merge with Newmont in an “all-share nil premium transaction,” but no... 

EU is said to expect May to request three-month delay to Brexit

22nd February 2019 The European Union expects UK Prime Minister Theresa May to be forced to request a three-month delay to Brexit, two EU officials said. Discussions between the two sides suggest May will ask for an extension to the two-year negotiating period if the British Parliament backs the Brexit deal but it... 

EOH CEO in fight to save graft-tainted South African IT company

22nd February 2019 EOH Holdings CEO Stephen Van Coller is in a race against the clock to restructure the sprawling South African IT business before shareholders and lenders run out of patience. Van Coller, a former executive at Barclays Africa Group and MTN Group, was brought in to turn around the troubled business... 

South African central bank sees CPI target staying as range

22nd February 2019 South Africa’s central bank is unlikely to officially pursue a single point-inflation target soon even though it prefers to anchor price growth close to the 4.5% mid-point of its goal range, an adviser to Governor Lesetja Kganyago said. The target range of 3% to 6% allows for flexibility in... 

END OF ERA

22nd February 2019 Airbus has announced that it will stop making the A380 airliner by 2021, by which time the remaining buyers of the double-decker passenger aircraft, including Emirates, will take delivery of their last orders. It has been reported that Emirates will also pare down its current A380 order backlog... 

Chile squeezing water rights for copper, lithium miners in north

21st February 2019 In a belated response to falling fresh-water levels in desert areas, Chile is moving to protect a natural resource that has been depleted after decades of mining activity. With complaints from local communities rising and the effects of climate change worsening, the world’s largest copper... 

Is Anglo finally getting ready to join mining's buyback club?

21st February 2019 Anglo American remains the only giant miner not buying back shares, but that doesn’t mean it’s not thinking about it. The world’s biggest producers, shunning growth and reluctant to launch a major new deal spree, have been handing record amounts of money back to shareholders in the recent years.... 

Peru raids biggest illegal mining zone to stem Amazon gold rush

20th February 2019 Peru moved to shut down a major illegal gold mine hub deep in the Amazon after years of expansion destroyed pristine rain forest and polluted rivers with mercury. The government deployed 1 500 agents from the police and armed forces to La Pampa in the Madre de Dios region of southeast Peru on... 

EOH, buffeted by an anonymous tip, starts whistle-blower app

20th February 2019 EOH Holdings, the South African information technology company reeling after an anonymous complaint prompted Microsoft to abruptly cancel a contract, has created an app that will make that process easier for future whistle-blowers. Expose-It, which was made available for download on Monday,... 

ERG will suspend copper, cobalt output at Congo mine this month

20th February 2019 Eurasian Resources Group will halt production at a copper and cobalt mine in the Democratic Republic of Congo, as it considers future investment in new production methods. The shutdown at Boss Mining Sprl will curb cobalt supplies from a nation that accounts for three-quarters of global... 

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