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Pallinghurst unveils buy-back, UK shift as metamorphosis continues

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PALLINGHURST Resources pressed on with a strategy to give fresh impetus to its investment case after earlier this year converting to an operating company, and...

South32 trims capital guidance, balance sheet keeps sturdy look

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SOUTH32 has trimmed its sustaining capital number for its 2018 financial year to $470m from previous guidance of $500m after deferring the underground development of its...

ARC confident Kropz will overcome water, commissioning troubles

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PATRICE Motsepe's Johannesburg-listed financial services company, African Rainbow Capital (ARC), was confident commercial production at its 26%-owned Kropz, which owns the Elandsfontein phosphate mine,...

Zimbabwe to miss out on energy mineral spend despite regime change

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WHILE Zimbabwe has the geological resource base to step up production of lithium the political risk in the country is still so great it...

Lonmin crisis coming to a head after PIC demands board seats

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SHARES in Lonmin were under renewed pressure amid comments attributed to Daniel Matjila, CEO of the Public Investment Corporation (PIC), that the platinum miner...

Market mismatch not recognised in Glencore, BHP, Anglo shares

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IT'S long been acknowledged that trading in gold shares is a job for the professionals. For the rest, there’s the diversified mining firms, or...

High Court postpones Mining Charter redraft hearing to February

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SOUTH Africa's High Court has postponed a hearing into the Mining Charter which had been set for December 13 and 14 deciding instead that...

Exxaro to pay out about R4.8bn in first tranche Tronox sale

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SHAREHOLDERS in Exxaro Resources can look forward to a payout of $354m (R4.8bn) after the company said it was likely to distribute nearly all of...

Exxaro BEE plan squeaks through after firm makes concessions

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EXXARO Resources' proposed replacement black economic empowerment (BEE) transaction was narrowly approved by a majority of shareholders today, but the group also agreed to...

Anglo’s Cutifani claims investors are wary of sector recovery

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VOLATILITY in the mining sector and the speed with which commodity prices have recovered since 2016 are deterring investors from buying mining shares, said Anglo...