Draft charter is “economic suicide” for SA
MINING minister, Mosebenzi Zwane, has caused significant damage to South Africa’s economy with the release of a new draft Mining Charter, said a senior...
BHP cuts dividend for first time in 15 years
BHP Billiton cuts its dividend for the first time in 15 years as half year profits fell 96%, and said it would abandon its progressive dividend policy.
Reopening mothballed shafts may yield 250koz/year for Lonmin
LONMIN was studying the feasibility of reopening shafts that could yield between 200,000 to 250,000 ounces a year of platinum group metals (PGM), roughly...
How could Harmony have got Kusasalethu so horribly wrong?
I am gobsmacked by Harmony Gold’s announcement that it will chop the remaining life-of-mine at Kusasalethu from 24 years to five years through a...
Action on troubled Rustenburg mines a “key imperative” – Implats...
Impala Platinum (Implats) has dropped its refined platinum production guidance for the year to end-June to 1.46m oz from the previous estimate of...
AngloGold’s Venkatakrishnan dampens dividend talk
AS a former director in the reorganisation services of auditing firm, Deloitte & Touche, it seems quite natural that Srinivasan Venkatakrishnan should be the...
SA miners in white knuckle ride as Cyril Spring fires-up rand
IT'S hard for South African miners to catch a break.
Having spent years being penalised for the anti-investment administration of former president, Jacob Zuma, they...
Magara adamant Lonmin can continue to find levers to pull
BEN Magara hasn't had many opportunities to crack a smile during his two years as Lonmin CEO, but at a recent breakfast meeting he...
Anglo, Sibanye, Guptas & Mining Charter to top 2017 news agenda
POLITICAL intrigue and corporate manoeuverings are likely to dominate South Africa’s mining sector in 2017 with firms Anglo American, Glencore and Gold Fields featuring...
Eskom promises to provide R1.8bn to Exxaro’s Matla
EXXARO Resources said Eskom would provide R1.8bn to expand the Matla mine after the mining firm reduced the cost of the proposed expansion by...