Market News

Gafsa — Production of the Gafsa Phosphate Company (CPG) has reached 1 million tonnes from the beginning of this year until August, including 707 thousand tonnes in the months of July and August.   Production activities in units under the CPG have resumed in the mining cities after seven . . .

Mining giant Anglo American announced on Wednesday the sale of three platinum mines in South Africa to Sibanye Gold, the country's largest gold producer.   The mines sold for 4.5 billion rand despite the plummeting platinum prices. Amplats, as Anglo American Platinum is known, actually values . . .

 Pretoria — The National Mining Consultative Forum is underway at the Sefako Makgatho Presidential Guesthouse, in Pretoria, to look into ways of saving thousands of jobs in mining and to mitigate challenges facing the sector. On Tuesday, Mineral Resources Minister Ngoako Ramatlhodi brief . . .

Mr. Sulemanu Koney, Chief Executive Officer of the Ghana Chamber of Mines, says contrary to popular opinion, the mining industry returns a large proportion of its revenue to the Ghanaian economy.   He said, in 2014, for instance, the industry returned approximately 77 per cent of its revenue . . .

The Ministry of Energy and Minerals has warned that children under 18 years are not allowed to be registered as shareholders when applying for mining licences. An official of the ministry, Ms Nuru Shabani, sounded the warning here during a training for small-scale and artisanal miners on the newly . . .