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news by category: Mining

Found 42 articles.

Displaying 1-10 out of 42 results.

Western companies belatedly join critical minerals race

President Geingob's government is benefitting from international rivalry to boost lithium production

Prices and demand for Africa's reserves of lithium, a key component in rechargeable batteries, are soaring as the world car industry shifts towards producing electric vehicles with...

Beny Steinmetz loses appeal in epic Simandou corruption case

Dismissing the ruling as 'politically motivated', the mining tycoon is to make one last attempt to overturn his conviction – at the Swiss federal court

The Swiss appeal court's upholding of a guilty verdict for corruption against mining tycoon Beny Steinmetz nearly ends the decade-long legal fight over Guinea's Simandou iron ore r...

Mining magnates hail ruling

The High Court curbs ministerial powers to enforce black empowerment targets as companies pledge to boost investment

A landmark High Court ruling curtailing ministerial powers on mine ownership is set to end three years of policy uncertainty. Looking at growing production across the continent, So...

Glencore signals new virtue

The trader pledges action on climate change and corruption, but it profits vastly from fossil fuels and faces multiple bribery investigations

Glencore has won plaudits for promises to become carbon neutral. Yet its last annual report vaunts record profits of nearly half a billion dollars from trading oil and coal. And ...

Steinmetz's empire unravels

The mining magnate is appealing his bribery conviction while a law suit in Paris could put his entire fortune in peril

The five-year jail sentence handed down to Beny Steinmetz by Geneva's Tribunal Correctionnel on 22 January will embolden former partners pursuing his sprawling business empire for ...

Steinmetz gets five years for bribery

Judge Alexandra Banna in Geneva says that 'Steinmetz was the main beneficiary' of a criminal operation to secure mining rights in Guinea. 'All important decisions were taken with his agreement'

A Geneva court sentenced mining magnate Beny Steinmetz to five years in prison on 22 January for bribery and money-laundering. The bribes were paid to obtain rights to mine the vas...


EXCLUSIVE – Inside the Swiss charges against Steinmetz

As Beny Steinmetz awaits the judges' verdict, we probe the prosecution's accusations of money-laundering and grand corruption

It was dubbed the 'deal of the century' – an operation to obtain rights to the world's biggest iron ore deposit – but became a quagmire, sucking its protagonists into a corruption ...


Timis's seam of woe

The spotlight falls once more on the mining magnate as controversy dogs his business activities in West Africa

Three legal and political disputes mark the end of a rare spell out of the limelight for Vasile Frank Timis since the collapse of African Minerals Limited (AML), his mining company...

Displaying 1-10 out of 42 results.