South32 pays maiden dividend as sees out market crisis cash flush
CREATED in the teeth of the commodity price meltdown, South32 offered a glimmer of its future potential paying a maiden 1 US cent a...
Glencore to reinstate dividend in 2017 as hammers net debt
GLENCORE said there was "every likelihood" it would reinstate the dividend next year after a 12-month operating and balance sheet restructuring it which it...
The DMR hits back on safety stoppages
The Department of Minerals and Resources (DMR) has hit back at the mining industry over the issue of Section 54 work stoppages following a report...
Exxaro’s Mgojo sets out Eskom tactic as firm prepares to “ride...
EXXARO Resources CEO, Mxolisi Mgojo, put a pragmatic spin on the firm's topsy-turvey relationship with Eskom, the South African power utility, saying that he...
Exxaro pays 90c dividend, but Eskom dispute & BEE structure leave...
AN improved performance from its coal division helped Exxaro Resources to a 10% lift in interim attributable earnings and 2% higher headline earnings -...
Anglo under no pressure to bundle or sell SA mines to...
IT’S now become clear that the South African government wants Anglo American to ‘sell’ its thermal coal mines and 70% stake in Kumba Iron...
Why it’s so hard to mine in SA’s North West province
LONMIN warned shareholders that whilst the second half of its financial year was seasonally better than the first – with normally less disruptions –...
Govt warned against haste for MPRDA to withstand Concourt test
SOUTH Africa’s lawmakers should take heed that they do not rush legislation through parliamentary processes without proper public consultation, said Peter Leon, Africa co-chair...
Cash back on table as SA miners make “return to earnings”
ANGLO American Platinum (Amplats) and Kumba Iron Ore (Kumba), the two listed South African subsidiaries of Anglo American, produced a combined R7.6bn in free...
Mining engineers ill-suited to budgets as firms urged to be savvy
AS a price taker, South Africa’s mining sector is a victim of declining commodity prices, but it’s also generally acknowledged that it’s responsible for...