Lonmin crisis coming to a head after PIC demands board seats
SHARES in Lonmin were under renewed pressure amid comments attributed to Daniel Matjila, CEO of the Public Investment Corporation (PIC), that the platinum miner...
Market mismatch not recognised in Glencore, BHP, Anglo shares
IT'S long been acknowledged that trading in gold shares is a job for the professionals. For the rest, there’s the diversified mining firms, or...
High Court postpones Mining Charter redraft hearing to February
SOUTH Africa's High Court has postponed a hearing into the Mining Charter which had been set for December 13 and 14 deciding instead that...
Exxaro to pay out about R4.8bn in first tranche Tronox sale
SHAREHOLDERS in Exxaro Resources can look forward to a payout of $354m (R4.8bn) after the company said it was likely to distribute nearly all of...
Exxaro BEE plan squeaks through after firm makes concessions
EXXARO Resources' proposed replacement black economic empowerment (BEE) transaction was narrowly approved by a majority of shareholders today, but the group also agreed to...
Anglo’s Cutifani claims investors are wary of sector recovery
VOLATILITY in the mining sector and the speed with which commodity prices have recovered since 2016 are deterring investors from buying mining shares, said Anglo...
SA mining will lose 48,000 jobs if ‘dire’ Eskom tariff granted
UP to 48,000 jobs would be lost in South Africa's gold and platinum sector were the country's power utility, Eskom, granted a 19.9% increase...
Pallinghurst cuts executive team in cost reduction drive
THE departure of Palllinghurst Resources executive director and COO, Priyank Thapliyal, for Jupiter Mines where he will be CEO was "rational on all fronts"...
Nkosi defends Exxaro BEE discount: “We have no guarantees”
SIPHO Nkosi, the former CEO of Exxaro Resources, has defended the group's proposed new black economic empowerment (BEE) transaction of which he is a...
Tharisa to post surge in earnings assisted by $200/t chrome price
RECORD production and a higher average chrome price would take 2017 headline share earnings to between 21 US cents to 23 cents, said Tharisa...