Merafe delivers record payout as stainless steel demand grows
AS anticipated by some analysts ferrochrome producer, Merafe Resources, has declared a record interim dividend for the six months to end-June totalling R200m (2017:...
Merafe may approve a special dividend despite softer market
NOT too long ago, Merafe Resources was a debt-laden minnow amid heavily depressed market conditions owing to the pull-back in demand for stainless steel,...
Glencore’s solid numbers lift gloom cast by exogenous factors
GLENCORE turned in solid production numbers for the second quarter and first half of its financial year, a feature of which was the ramp-up of...
Anglo’s ‘balance’ argument on returns informed by project pipeline
INVESTORS were a little sniffy about Anglo American's reticence to go over and above its stated dividend policy of paying out 40% of earnings.
The frustration...
Cutifani declares Anglo will be “impervious to shocks” as trade war...
ANGLO American CEO, Mark Cutifani, declared his company had been fashioned to handle "anything the market can throw at us", adding that while he...
Investor migration forecast for under-valued Anglo American
THE deterioration in the commodities market this year has not dimmed prospects for Anglo American, according to analysts who prefer the stock as it's...
Anglo ticks along with Amplats lifting guidance; iron ore, coal drag
THE majority of assets operated by Anglo American ticked along reliably in the 2018 financial year with diamonds, copper and platinum performing well, the...
South32 takes out $60m in costs as SA coal now primed...
SOUTH32 said it would start the search for a black-owned investor for its South African coal business in September following a restructuring of the...
Kenmare to unveil dividend policy in October, despite pressures
KENMARE Resources CEO, Michael Carvill, promised to provide detail in October regarding the firm's plans to resume dividend payments.
This followed a strong production period...
Ramaphosa calls for ‘tightening’ of safety laws after latest deaths
SOUTH African president, Cyril Ramaphosa, said the country would "tighten up" safety regulations in order to hold mine management personally accountable for mineworker fatalities,...