Barrick launches $3bn buyback ahead of spin-off
BARRICK Mining said it planned to repurchase $3bn of its shares in an effort to reward shareholders ahead of the proposed spin-off of its...
Stewart aims to keep it simple at Sibanye-Stillwater
SIBANYE-Stillwater shares are down almost 10% year to date, which is quite a disconnect considering its latest quarterly results, in which the platinum group...
AngloGold unveils $2bn buyback as registers record cash flow
ANGLOGOLD Ashanti on Friday unveiled plans for a $2bn share buy-back following another quarter of record free cash flow.
Announcing its first quarter numbers, the...
US and South Africa open minerals investment talks
THE US and South Africa have begun preliminary discussions on potential resource deals spanning mining, investment and infrastructure, said the Financial Times on Friday.
The...
Macquarie commodities chief out-earns group CEO
THE head of Macquarie Group's commodities and trading arm was paid more than the company's CEO last year after profits at his division surged...
Barrick’s biggest Mali contractor quits, cuts 600 jobs
THE largest contractor at Barrick Mining's Loulo-Gounkoto gold complex in Mali is winding down its operations and dismissing more than 600 workers, said Reuters...
Is this a new era for platinum? Its miners think so
SINCE the decline of gold production in the 1990s, platinum has become South Africa's most valuable strategic metal, and among its most important economically.
Of...
Tharisa agrees ‘open book’ contract with Cementation
CHROME and platinum miner Tharisa said on Thursday it had concluded a five-year contract with Cementation Mining for the underground mining of its Tharisa...
War inflation spells trouble for SA gold miners like Gold Fields
MARKET volatility caused by the US-Iran war hindered Gold Fields from buying back shares in terms of a $100m capital return programme unveiled in...
JSE gold shares surge on hopes of US-Iran deal
GOLD and silver recorded their sharpest gains in about a month on Wednesday as optimism grew that the US and Iran are approaching a...