Clearly, Mike Fraser didn’t join Gold Fields to play safe
SO much for Africa’s largest gold mine, the sobriquet given to a joint venture (JV) in Ghana between Gold Fields and AngloGold Ashanti. Unveiled...
Kumba axes 3,933 in bid to stay afloat
The unremittingly weak iron ore price has finally closed in on Anglo American's Kumba Iron Ore which is cutting jobs and reducing output.
Mzi Khumalo crosses the border
Controversial mining magnate Mzi Khumalo is closing shop in South Africa as his main corporate entity goes into final liquidation.
Critical minerals face disruption due to concentration, IEA warns
CRITICAL mineral markets face disruption risks due to increasing concentration, particularly in refining and processing sectors, said Reuters citing the International Energy Agency (IEA).
The...
Kumba unlikely to reinstate dividend
Kumba Iron Ore was unlikely to pay dividends with cash flow generation a major struggle throughout 2016, said Goldman Sachs.
Platinum price ranges suggest prelude to a breakout
THE supply deficit forecast for platinum by the World Platinum Investment Council in March had widened further, the organisation said on Monday.
Based on first...
Centamin given green light to appeal 2011 challenge to Sukari Concession...
CENTAMIN, the UK listed gold producer, said today it would resume an appeal against the loss of a concession agreement that had been challenged...
Lonmin to cut output up to 12% as “over-supply was a...
LONMIN has reduced its platinum sales target by as much as 12% to 650,000 ounces for its 2017 financial year in order to cut...
Battle heats up for platinum assets
The acrimonious fight for control of platinum riches belonging to a North West tribe, the Bakubung-Ba-Ratheo, which is the empowerment partner of Wesziwe, is deepening.
Sibanye to weigh RPM synergies, but loses Jean Nel who is...
SIBANYE Gold said it would take a few months to assess Rustenburg Platinum Mines (RPM), the 800,000 ounce per year platinum (4E) company over...