Platinum buyers seek to limit SA output risk
Royal Bafokeng Platinum CEO, Steve Phiri, made the alarming observation that his clients were buying recycled material because SA production was too risky.
Glencore lifts payout in show of confidence
Glencore improved the year-end payout to shareholders despite acknowledging the commodity market had not recovered as quickly as some expected.
Merafe keeps payout momentum with 20c div
However, the ferrochrome producer acknowledged it was more vulnerable than most in terms of Eskom power interruptions.
Rand papers over cracks of SA’s gold stocks
The December quarter was another difficult period for Harmony Gold with 30% of its mines losing cash while other gold stocks also struggled despite the weak rand.
Platinum CEOs say mechanisation not a panacea
Mechanisation, whilst the mining method of the future, is not the panacea for all mines, say CEOs from Impala Platinum and Anglo American Platinum.
Anglo net debt may spur Amplats sales
Amplats seems to have upped the pace on its divestment programme, an interesting development that may be spurred by Anglo's concern with net debt.
China’s Baosteel takes SA Govt to court
A series of delays in hearing a dispute over overlapping prospecting rights will see mines minister Ngoako Ramatlhodi face his first court challenge.
Pan African rebuts claim Shanduka interferes
Pan African delivered interim figures as per market expectations but had to bat away questions about the influence of BEE partner, Shanduka in its affairs.
Implats unveils sweeping 5-year restructure
Impala Platinum has unveiled a four-year restructuring of its Rustenburg mine in which it would merge shafts, slow development of another, and halve capex.
AMCU agreed to centralised gold wage talks
The Association of Mineworkers & Construction Union agreed to centralised bargaining in the gold sector this year when it signed recognition agreements.