Africa & Middle East

Zinc recycler ZincOx has agreed to restructure its debts with partner Korea Zinc Company, the first stage of a refinancing that will include raising equity funds. Korea Zinc lent ZincOx US$57 million through offtake and development loans to build its first recycling plant in South Korea. This money was scheduled…
Mineral exploration in Australia during the September 2015 quarter was dominated by exploration on existing deposits, leading to a fall in greenfields mineral exploration metres drilled, according to Association of Mining and Exploration Companies (AMEC) chief executive officer Simon Bennison. “Greenfield mineral exploration is still at record lows, similar to…
Lonmin’s Marikana mine concentrator plant. South African platinum producer Lonmin (LON:LMI), the world’s third largest, avoided Monday becoming the biggest casualty of the commodity crisis by winning shareholder support for a $407 million equity sale. The company said it would sell 27 billion shares at one pence each to its…
Telferscot Resources Inc. (CSE:TFS) ("Telferscot" or the "Company") is pleased to announce that it has entered into a Letter of Intent (the "LOI") to sell its 2,775 common shares or approximately 7.4% interest in Kolwezi Copper Corp. ("KCC") for USD 854,700 (the "Sale"). The Sale will close in two tranches.…
Anglo reshuffles top management team, waves iron ore boss good-byeAnglo American’s chief executive Mark Cutifani (Image from archives) Anglo American (LON:AAL) announced Thursday major changes at the senior management level, including the departure of its Brazil-based iron ore chief and a renewed focus on sales and marketing, as the stock…
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