Glencore to axe debt $10.2bn, cuts dividends
Glencore to cut its next two dividends and issue equity in an effort to cut cash out by $10bn and lower net debt to the low $20s bn to protect its credit rating.
Gold breaks $4,000 barrier on safe-haven demand
GOLD breached $4,000 per ounce for the first time on Wednesday, propelled by investor appetite for security amid escalating economic and geopolitical tensions and...
Eskom promises to provide R1.8bn to Exxaro’s Matla
EXXARO Resources said Eskom would provide R1.8bn to expand the Matla mine after the mining firm reduced the cost of the proposed expansion by...
Petra set to struggle to meet covenant with Williamson crocked
SHARES in Petra Diamonds fell 8% during morning trade in London after the company acknowledged that the suspension of its Williamson mine would put...
Tanzania’s controversial president, John Magufuli, passes away following “heart illness”.
TANZANIA'S president, John Magufuli (61), has died, said Bloomberg News which cited an announcement by the country's vice-president Samia Suluhu Hassan.
Hassan said Magufuli had "......
Harmony says Hidden Valley output unaffected by PNG violence
HARMONY Gold said production from its Hidden Valley mine in Papua New Guinea was unaffected by violence that erupted on the Pacific island nation...
Platmin makes light work of farm boundary
In a deal which may become a useful case study for the merits of consolidation, Platmin has acquired the property adjacent to its Tuschenkomst operating pit.
Gulf of Mexico oil spill continues to batter BP
The Gulf of Mexico oil spill involving British petroleum giant BP continues to dig into the company's pockets having cost about $8bn since April.
Tanzania denies attempts to block IMF report critical of “interventionist” policies
TANZANIA denied allegations it had blocked a report by the International Monetary Fund (IMF) that was critical of the East African country's policies and implementation...
Africa urged by Ghana president not to give away fiscal incentives...
Africa ought not to offer the fiscal incentives used in the past to attract foreign investment to its mining sector, said Ghanaian president, Nana...