Iron ore majors struggle to replace depleted reserves
THE world’s biggest iron ore producers are depleting reserves faster than they can replace them, Bloomberg reported, citing research by Wood Mackenzie.
The trend is...
Fresh capital, old problems for Zimbabwe mining
ARE investors still too wary of Zimbabwe’s mining sector?
Two international miners – Caledonia Mining and Tharisa – think so, and both are committing significant...
Expensive yes, but $300m bond takes Tharisa to next step
UNTIL Northam Platinum unveiled plans last month to grow production by 50%, its smaller counterpart, Tharisa, was something of a rarity in the platinum...
Caledonia closes in on funding for $600m Bilboes project
CALEDONIA Mining said it was close to securing further funding for its Bilboes gold project in Zimbabwe, with a $150m interim bank facility due...
Pan African plans R500m buy-back after declaring record dividend
PAN African Resources announced plans to buy back up to R500m of its own shares after a surge in cash flow helped it declare...
Glencore faces $2bn lawsuit as it alleges Radiant World fraud
TRADING firm Radiant World has alleged Glencore deliberately kept the "true nature" of their partnership out of its own audited books, according to the...
Why Implats has changed its tune on Waterberg
IMPALA Platinum (Implats) earlier this month declared R13.1bn in final dividends, a sum that outshone its rivals. It also revised its payout policy in...
Sylvania Platinum resets Thaba JV chrome outlook
SYLVANIA Platinum has cut the long-term chrome production forecast for its Thaba Joint Venture after finding lower ore grades than expected.
The AIM-listed, platinum group...
Is Solar an optimum outcome for Omnia?
THE JSE looks set to lose yet another promising mid-cap stock, with mining explosives and agribusiness Omnia Holdings now on the cusp of a...
Pentagon takes stake in US tungsten miner
THE US Department of Defense is to take a stake of almost 20% in tungsten producer Elmet Group, the latest in a series of...