Endeavour Mining pledges minimum $500m dividend payout over next three years
ENDEAVOUR Mining has targeted dividends over the next three years totalling $500m with the potential to pay more if the gold price trades above...
Northam Platinum extends Zambezi Platinum stake to 70%, buying R3.5bn shares
NORTHAM Platinum extended its stake in Zambezi Platinum to 70% from 46.7% after confirming today the purchase of R3.5bn preference shares in the company.
The...
Steel workers, employers reach wage deal
Tens of thousands of workers led by Numsa have ended a two-week pay strike in the steel and engineering sector, says union leaders.
Independence Group builds Orion stake in A$5m placement
AUSTRALIAN-based gold and base metals miner Independence Group NL (IGO), whose interests include a 30% stake in AngloGold Ashanti’s Tropicana mine, has hiked its...
Aveng to focus on mining once non-core asset sales completed next...
AVENG, the Johannesburg-listed firm founded as a construction company, would complete the sale of its non-core assets next year in order it focus on...
PTM ‘pounding on doors’ for offtake deal ahead of financing $617m...
PLATINUM Group Metals CEO Frank Hallam said the company was "pounding on the doors" of four mining companies in search of a concentrate offtake...
PTM targets 120koz but may need $5m to $15m after Maseve...
PLATINUM Group Metals (PTM) hoped to make its Maseve platinum mine cash flow positive in the first half of this year and produce up...
Holland calls time on labour-intensive mining
Nick Holland, CEO of Gold Fields, said mining companies in South African had to transform to mechanised mining methods in less than ten years.
Kimberley’s last diamond miner, Ekapa, struggles to stay afloat as artisanal...
KIMBERLEY Ekapa Mining (KEM), the last major diamond company operating in Kimberley, has imposed a three-month, 12.5% salary reduction across the board on its...
Gold Fields South Deep strike in day four with arson, violence...
A STRIKE at the premises of Gold Fields' South Deep gold mine, west of Johannesburg, is set to move into its fifth day tomorrow...