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Mining Weekly | Africa

The latest mining world news and project information from Africa.
  • Sibanye CEO confident of Lonmin takeover despite cash burn
    Sibanye-Stillwater is confident its planned purchase of Lonmin will go ahead, but the struggling platinum producer must slow its cash burn, the South African firm's chief executive said. Sibanye's £285-million all-share bid to create the world's second largest platinum miner faces hurdles including Lonmin's weak cash position, competition authority approval and the effects of a stronger rand.
  • Talaxis to acquire up to 75% of Mkango’s Songwe project
    Noble Group subsidiary Talaxis has entered into definitive agreements with Mkango Resources to acquire up to a 75% interest in Mkango’s Lancaster Exploration subsidiary, as well as a 49% stake in its downstream metals division Maginito Investments. In January, Talaxis paid Mkango £5-million in return for a 20% stake in Lancaster, which holds the licence for the Songwe Hill rare earths project, in Malawi.
  • Goldstone renews Ghana prospecting licences
    The prospecting licences for Goldstone Resources’ Homase-Akrokeri project, in Ghana, have been extended to April 2020. Goldstone CEO Emma Priestley noted that the company was pleased to have received these renewals, and especially for an extended period.