Business

While the mining industry makes a significant contribution to South Africa’s Gross Domestic Product (GDP), the full economic impact is actually much greater. “Mining is a mining company’s core business, and mining itself is a major job generator. But its own value chain has a major spin-off not only in …

The process is long and painful, with thousands of commercial creditors first needing to agree to a haircut, before China and the Paris Club can restructure the nation’s US$13 billion external debt pile. Minister of Finance Situmbeko Musokotwane  in an interview said “Time is of the essence”, we should all …

Rio Tinto and First Quantum Minerals (FQM) have entered into an agreement to form a joint venture that will work to unlock the development of the La Granja copper project in Peru, one of the largest undeveloped copper deposits in the world. La Granja is a complex orebody located at …

Kagem Mining Limited has delivered a US$5 million dividend to the Industrial Development Corporation (IDC) Limited, which owns 25 percent of the emerald mining company in Lufwanyama. The dividend is for the second consecutive year, of the first dividends delivered since 2016. This dividend is in addition to the US$11.5 …

The DRC Mining Week in Lubumbashi has attracted the South Africa’s Department of Trade, Industry and Competition (DTIC) to host a South African pavilion at the event. Participation at the event scheduled for the 14th to 16th June, of the South African delegation will comprise companies providing the latest mining …

Faberge gems brand proprietor Gemfields Bunch detailed a 2% rise in full-year benefit on Friday made a difference by higher costs for uncut emeralds and rubies. The valuable stone mineworker said feature profit per share, the most benefit degree in South Africa, rose to 4.8 US dollar cents for the …

Please give us a brief background about your role and your organisation’s journey thus far in Africa. Our parent company in Germany, Röhrenwerk Kupferdreh Carl Hamm GmbH is a 4th Generation family-run business – Carl Hamm PPS in South Africa was established in 2016 to service SADC member countries . …

First Quantum Minerals has handed over renovated Solwezi College of Nursing and Midwifery hostels with new bunker beds and mattresses handed over to Solwezi General Hospital. The facility was renovated at a total cost of K876,000, including 56 bunk beds and 112 mattresses. Solwezi College of nursing and midwifery was …

“For the best return on your money, pour your purse into your head.” These wise words were voiced by the founding father of the US – Benjamin Franklin – in the 18th century, little knowing they would still be highly relevant more than three hundred years later. Condition monitoring specialist …

South Africa’s power utility company, Eskom, is reportedly engaged in bilateral negotiations with Botswana, Mozambique and Zambia in a bid to bolster imports and curb incessant current load shedding. The utility is already importing 300 MW more from the Southern African Power Pool and plans  to increase to about 1 …