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PGM miners face fight for survival if price downturn persists

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A DASH for cash might be on the cards for South Africa’s haemorrhaging platinum group metals (PGM) sector if current spot prices persist for...

Blyvoor Gold valued by US-listed takeover partner at $425m

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RIGEL Resource Acquisition Corporation, a New York-listed 'blank-check' company was in talks to combine with South African gold miner Blyvooruitzicht Gold Mining (Blyvoor Gold),...

Nagle’s plan for Glencore rests on this calculated gamble

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THREE years after deciding to retain coal production, Glencore has unveiled a proposal to ditch the fossil fuel. Under a deal announced on November 14,...

Sibanye-Stillwater to retrench 575 from SA gold operations

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SIBANYE-Stillwater is to retrench 575 employees, mainly from its Kloof 4 shaft, in an effort to stem losses at its South African gold mining...

SA’s Treasury throws Transnet debt lifeline with R47bn guarantee

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SOUTH Africa’s National Treasury agreed to provide a R47bn guarantee facility to Transnet, the beleaguered rail and ports operator, said Bloomberg News. Citing a Treasury...

Pilanesberg Platinum closes as price slump claims scalp

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LOW platinum group metal (PGM) prices have claimed another scalp with Pilanesberg Platinum Mines (PPM) telling employees the operation would close from Friday (December...

Copper 360 delays plant build as plots way around loadshedding

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COPPER360 has pushed back commissioning of a copper concentrate plant to mid-January from a previous November-end deadline partly owing to loadshedding Known as the modular...

Copper 360 unfurls R200m deal to double metal output by 2025

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COPPER360 today announced terms of a R200m acquisition that will enable it to more than double copper concentrate production and deliver that quantum leap...

Sibanye-Stillwater to cut 287 jobs at US mine as palladium halves

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THE grim prospects for the palladium price has forced Sibanye-Stillwater into a fresh round of restructuring at its US mine Stillwater Mining. Sibanye-Stillwater announced today...

Exxaro confirms no lift in coal exports despite helping TFR

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EXXARO Resources said it expected to conclude the sale of its ferroalloys operations by the middle of next year having previously identified it as...