“Don’t bet against us,” says Cutifani as Anglo enters foothills of...
ANGLO American reported a 23% decline in interim earnings of $700m, equal to 54 cents per share (2015: 70c/s) owing to continued declines in...
South32 looks north as SA coal, manganese production slumps
SOUTH32 achieved record production at its alumina, zinc and manganese mines for its 2016 financial year which was also notable for output declines at...
Gupta’s Oakbay listing in jeopardy after fails to find sponsor
Oakbay Resources & Energy, the company owned by the Gupta family, has been unable to find a sponsor to replace Sasfin in the specified...
Decision time as Exxaro Resources gears up for new era
"UNFORTUNATELY, you are a week too early," said Mxolisi Mgojo, CEO of Exxaro Resources. That’s his response to a question about whether the group...
Self-inflicted damages worsen metals downturn for Africa
IN Southern Africa, severe drought conditions, a drop in commodity prices, and increasing pressure on the state purse have hit key mining economies. Some...
Vedanta targets expansion of South African footprint
UK-listed diversified mining firm, Vedanta Resources, said it intended to expand its operational base in South Africa building on a decision in 2014 to...
Wheels came off, but Transnet’s Gama sees green shoots
THE year-end results of Transnet, South Africa's state-owned transport and logistics company, provides an alternative snapshot of the health of the national economy; one...
Jimmy Manyi in frame as DMR prepares to unveil DG
SPECULATION has resurfaced that former labour department director-general (D-G), Jimmy Manyi, is due to be unveiled as DG for the mineral resources department (DMR).
An...
Expect a new mining charter in July, say lawyers
THE South African mining sector’s newly negotiated mining charter could be ready for public consumption as early as July. That’s the expectation of Peter...
Transnet rues economy as coal, iron ore volumes falter
TRANSNET, the state-owned logistics, transport and infrastructure business, recorded declines in export volumes of nearly all the commodities it handles including coal which fell...