Rio Tinto gives green light to RBM’s $473m Zulti South
RIO Tinto on Monday approved the expansion of its 74% held Richards Bay Minerals (RBM), an industrial metals miner, representing new investment of $473m...
Glencore Merafe extends deadline ahead of definitive power tariff
GLENCORE Merafe Joint Venture said on Friday it would keep its ferrochrome operations in South Africa open for another month, until the end of...
Northam starts initial work on Zondereinde expansion
NORTHAM Platinum has approved a R500m capital programme that will provide it with an option to expand production at its Zondereinde mine to more...
Petra Diamonds warns rand strength a “major headwind”
PETRA Diamonds continues to leak cash as "subdued" market prices were made worse by a strengthening of the rand against the dollar - identified...
Northam Platinum to pay record R2.8bn interim dividend
NORTHAM Platinum declared a record R2.8bn interim dividend following a strong recovery in headline earnings for the six months to end-December.
The year-on-year improvement was...
Cockerill’s 20-bagger: why discovery gives Endeavour edge
"IN an earlier life I must have been a fireman because instead of displaying rational behaviour in situations like this and running away, I...
Waste not, want not: DRDGold’s R2.7bn bonanza
IT'S fair to say that almost no-one saw DRDGold as a multibillion-rand-market-cap miner over a decade ago. Back in 2015, at R2.45 a share,...
SA mining baffled as Godongwana fails to address energy tariffs
SOUTH Africa's Minerals Council said Government's budget statement on Wednesday was a missed opportunity to address the energy crisis facing the mining sector.
"The mining...
Valterra Platinum owed $100m by Zimbabwe
SOUTH Africa's Valterra Platinum is owed $100m in unpaid export proceeds by Zimbabwe's government even as Harare has begun making partial payments to clear...
Zambia to build ‘rainy day’ fund while metals surge
ZAMBIA will use bumper mining revenues to establish a stabilisation fund in order to protect its budget against a retreat in copper prices, said...