Home News

News

Platinum deficit of one million oz forecast while stocks also diminish

0
THE supply deficit in platinum is forecast to grow to more than one million ounces owing to increased demand from automakers and amid flat...

Northam R2.5bn book-build augurs well for BEE

0
Shares worth R2.5 owned by ENRC in Northam were placed with investors at the slimmest of discounts - an outcome the firm said augured well for its BEE deal.

Amsa sets out fresh Kumba iron ore dispute

0
Nonkululeko Nyembezi-Heita said the Phoenix project was part of Thabazimbi, a mine from which it has a supply agreement.

Anglo sees “no danger” of returning to exuberance of the past

0
ANGLO American said there was "no danger" of committing the over-exuberance of the previous commodity cycle where it - and its peer group -...

DMR suffers devastating defeat in Aquila Steel court battle

0
SOUTH Africa's Department of Mineral Resources (DMR) has suffered a devastating defeat in the High Court (Pretoria) which has potentially far-reaching implications for other...

SA’s Government of National Unity on “a knife-edge” – Froneman

0
SOUTH Africa was on "a knife edge" and would lose the support of business if the government of national unity (GNU) fails to "treat...

Amplats walks loadshedding tightrope as fires up refurbished Polowane smelter

0
ANGLO American Platinum (Amplats) is walking a tightrope as it commissions its newly rebuilt Polokwane smelter this month owing to increased loadshedding by Eskom. Natascha...

DRDGold says gold, copper targets are often in risky areas

0
DRDGOLD CEO Niël Pretorius said the company is looking for new acquisitions including assets in regions that may be considered risky. "We are specifically looking...

Shares in Burkina Faso miners under pressure amid permit fears

0
BURKINA Faso plans to withdraw mining permits from some foreign companies and will seek to produce more of its own gold, said Reuters citing...

Probe Aurora and Motala: Cosatu

0
Trade union federation Cosatu says the politically-connected Aurora Empowerment Systems and the liquidators of Pamodzi Gold need to be investigated.