Petra Diamonds survives after securing deal with lenders
PETRA Diamonds on Friday announced it had agreed with noteholders and lenders to refinance the company – an emergency measure that will also involve...
China’s bid to influence the prices of metals
CHINA is moving closer to challenging the London Metal Exchange in setting prices for metals globally after lining up metal storage warehouses outside China.
According...
Gold price gain offsets bumpy production quarter for AngloGold Ashanti
ANGLOGOLD Ashanti produced 7% less gold year-on-year in the first quarter with a portion of the decline related to Covid-19 absenteeism at its Ghana...
Lucara sets out $195m underground extension at Karowe
LUCARA Diamond Corporation outlined plans for a $195m underground extension of its Karowe diamond mine in Botswana following publication of a preliminary economic assessment...
South32 sticking with SA manganese sales forecast as prices still support...
SOUTH32, the diversified miner with aluminium smelters and manganese mines in South Africa, has been trucking as much of its manganese ore as is...
Gold One records maiden profit
Gold One International has reported a pre-tax annual profit well in excess of most predictions.
New strike threatens gold supply
Gold miners will be the latest to join nationwide industrial action and threaten supply of the precious metal at a time when prices are at record highs.
Amplats cuts mined PGM production a quarter as lays plans to...
AN estimated 331,000 ounces in platinum group metal (PGM) production had been lost as a result of South Africa's COVID-19 related national lockdown to...
Lift in commodity cycle raising spirits at Master Drilling
MASTER Drilling declared a 26 South African cents per share gross dividend for its 2017 financial year which, despite recording lower earnings year-on-year, reflected...
Beleaguered Hwange abandons rights issue as debts pile up
HWANGE Colliery Company (HCC's) funding woes continued after it announced it had suspended long-standing discussions about issuing shares for cash.
It said in an announcement...