Over-done palladium price expected to weaken before year-end, say analysts
THE price of palladium is expected to weaken before the end of the year, said Bloomberg News citing the views of nine analysts it surveyed.
The...
Dollar puts brakes on metals, smacks Jo’burg stocks
US dollar strength was likely to remain a major headwind for mining stocks for several months at least, said Goldman Sachs on a day...
AngloGold Ashanti puts Brazil mine on care and maintenance
ANGLOGOLD Ashanti is to put its Brazilian mine Córrego do Sítio (CdS) on care and maintenance, saying in an announcement to the JSE today...
Xstrata decries ‘unilateral’ policy changes
Governments seeking a greater share of mining profits should implement changes in regulations and taxes prospectively, and not retrospectively, says Xstrata CEO Mick Davis.
New tariff to force Eskom strategy rethink
Brian Dames, CEO of Eskom, said the utility would have to fundamentally re-engineer itself in order to address the halving of its proposed five-year tariff hike.
Caledonia lifts dividend as imported power deal contributes to sunnier outlook...
CALEDONIA Mining, the Zimbabwean gold miner, said it had increased its quarterly dividend owing to significantly improved operating conditions in the southern African nation...
Sasol forced to cut synfuel production because of major coal supply...
Sasol has been forced to cut back forecast synfuel production volumes from its Secunda plant for the year to end-June 2022 by around 8%...
Shabangu sets date for Mpumalanga moratorium
Minister of Mineral Resources Susan Shabangu says the moratorium on accepting new prospecting right applications in Mpumalanga won't be lifted before September.
Japan devises palladium-like alloy
Japanese researchers have created an alloy with properties similar to palladium, a precious metal used in many high-tech goods, according to a news report.
Xstrata capex up 50%
Xstrata plans to increase spending on new mines by about 50% next year to $6.8bn as the mining group keeps its main focus on organic growth rather than acquisitions.