Xceed Resources has signed an MoU with South Africa’s Thebe Mining Resources to sell a cornerstone stake in its Moabsvelden coal project for AUD 11 million (US$112.90 million)
Quarrying
SA mining nationalisation threat lingers on
Persistent fears of the forced nationalisation of mines in South Africa have jeopardised potential investment in the country, according to ratings agencies Fitch and Standard & Poors
SA gold mine closed after fire accident
The South African government was forced to shut down a gold mine owned by one of the world’s top gold producers, Gold Fields, after an underground fire killed five workers
Mozambique government urges sustainable ruby mining
Mozambican President Armando Guebuza has urged residents of Msawise in the northern province of Niassa to engage in sustainable ruby mining in the region
UN rap on South Africa for encouraging coal mining near heritage site
UN World Heritage Committee experts have slammed the South African government for proceeding with coal mining activities near the Mapungubwe World Heritage Site