R/€ = 16.27 Change: -0.01
R/$ = 14.52 Change: 0.01
Au 1342.26 $/oz Change: -1.90
Pt 800.18 $/oz Change: 2.92


DHL rolls out e-commerce platform to more African markets following initial success

7th June 2019 Following the success of the DHL Africa eShop app in 11 countries across Sub Saharan Africa, DHL Express has announced that its innovative mobile and desktop platform has been rolled out in nine more countries across the continent.... 

Iluka partners with IFC in Sierra Leone

By: Mariaan Webb     6th June 2019 The International Finance Corporation (IFC) will invest $60-million in mineral sands miner Iluka Resources’ Sierra Rutile operation, in Sierra Leone, the Perth-headquartered miner announced on Thursday. The IFC would initially invest $20-million for a 3.57% stake, with a further $50-million... 

Steinmetz's BSGR bankruptcy fends off Vale's $2bn award

By: Bloomberg     5th June 2019 Billionaire Beny Steinmetz’s mining company sought bankruptcy protection in the US, two months after losing a $2-billion arbitration award to Brazilian mining giant Vale SA. The court filing by BSG Resources on Monday could stymie Vale’s effort to enforce the award, which stems from an ill-fated... 

Jozi Power buys back shares from G5

By: Creamer Media Reporter      20th May 2019 Jozi Power, the mining power station and transformer rental specialist, bought back the entire 29% stake held by its largest shareholder, a subsidiary of Group Five, currently in business rescue. Jozi Power operates power stations for mines in Africa. It is currently active at mines in Sierra... 

Ethical artisanal diamond mining pilot scaling up operations in Sierra Leone

By: Schalk Burger     24th April 2019 A pilot project that creates a secure and transparent route to market for ethically sourced artisanal and small-scale mined (ASM) diamonds is scaling up its operations in Sierra Leone to give more miners the opportunity to benefit from the programme, diamond multinational De Beers Group, which is... 

Tiffany training Africans to cut diamonds sourced from the region

By: Bloomberg     15th April 2019 Tiffany & Co has been expanding its workforce in sub-Saharan Africa – a region of almost one billion people where the jewellery giant does not have a single store. More than a quarter of the New York-based company’s 1 500 global diamond cutters and polishers are now based in Africa, CEO... 

DHL brings over 200 global online stores to African consumers with innovative platform

11th April 2019 DHL Express has announced the launch of its new mobile and desktop app aimed at improving the online shopping experience for Africa-based consumers. The exciting new platform, DHL Africa eShop, enables customers to shop directly from more than 200 US- and UK-based online retailers, with all... 

Galaxy taps Simon Hay as new CEO

By: Esmarie Iannucci     4th April 2019 Lithium miner Galaxy Resources has appointed Simon Hay as its new CEO, effective from July 1. Hay, who is currently head of resource development at ASX-listed Iluka, will replace Anthony Tse. In addition to his history at Iluka, Hay has also held senior positions at BHP Billiton and WMC Resources. 

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