IchorCoal targets 20mt mid-tier coal status
Frankfurt-listed IchorCoal wants to build production of 20 million tonnes a year in South African coal production, enough to give it mid-tier status.
Dip in ferrochrome benchmark price
The European benchmark ferrochrome price for the third quarter has been
settled at $1.25 per pound: a 7% decrease from the $1.35/lb of the current
quarter.
Govts of China, SA unite in R5.3bn Palamin bid
The governments of China and South Africa have formed a consortium to bid a hefty premium for the 74% stake in Palabora owned by Anglo and Rio Tinto.
DiamondCorp confident over fundraising
DiamondCorp will need to raise more funds within the next 12 months to continue with the development of its Lace mine in the Free State.
World’s low carbon aspiration requires mining firms to spend $1.7 trillion...
THE world's mining companies needed to invest $1.7 trillion in the next 15 years to help supply metals such as copper, cobalt, and nickel...
People to watch: Eskom CEO, Brian Molefe
South Africa's power utility company, Eskom, is an attention magnet and it's new CEO, Brian Molefe, is not a wallflower either. Expect fireworks.
Northam Platinum holds its ground despite “difficult market conditions”
Northam Platinum shares rose more than 2% in early trading on the JSE on Monday following publication of a trading statement predicting maintained normalised...
Exxaro’s Nkosi books R7.9m in share sale
Sipho Nkosi, CEO of Exxaro Resources, sold shares in his company despite the stock hitting a three month low last week on a forecast earnings could fall a fifth.
Anglo joins litany of billion dollar write-downs
It's been a grim time for the diversified mining firms: as billions of dollars have been written-off in investments and projects. Here's a sample of the worst.
Barrick unveils tilt at Newmont as gold industry consolidation takes breathtaking...
THE reconfiguration of the world’s gold mining industry took another breath-taking turn today after Barrick Gold proposed an all-stock merger with US gold firm, Newmont...