Africa & Middle East

More than 400 jobs to go at South32 manganese mine in South AfricaSouth32’s Hotazel Manganese Mines (HMM) are located in the manganese rich Kalahari Basin in the Northern Cape South Africa. The region is home to 80% of the world’s manganese ore body.  Shares in BHP Billiton spin-off South32 (ASX:S32)…
Anglo American to cut 85,000 jobs, dividend and assets in sweeping restructuringAnglo American's overhaul reflects the dire straits the global mining industry is in these days. Shares in Anglo American (LON:AAL) nosedived Tuesday after the miner announced drastic measures meant to cope with an ongoing rout in commodities prices, including…
Johannesburg based engineer and project delivery company DRA Global has commented that it is pleased and proud that its innovative process plant designs have assisted in the recovery of very large diamonds at the Karowe mine of Boteti Mining (Pty) Ltd, a 100% owned subsidiary of Lucara Diamond Corporation. Following…
We have said previously that Africa is the new land of opportunity for speculators and investors. Although there is no shortage of risks, the continent is home to vast amounts of resource wealth, the fastest growing class of millionaires, and even the world’s fastest growing city. The Chinese must agree…
The price of crude oil ($37.65) and iron ore ($38.80) dropped again and the globe's two most traded raw materials are now at levels prior to the word supercycle even entering the popular lexicon. Similarly precious metals and industrial continued to drift lower with bellwether copper exchanging hands barely above…
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