Kenmare to book $125m impairment amid oversupply
KENMARE Resources announced on Wednesday it would book an impairment of no more than $125m on its first half accounts as it expected long-term...
Rio Tinto names head of iron ore Simon Trott as new...
RIO Tinto Group has appointed its iron ore boss Simon Trott as CEO, replacing Jakob Stausholm from August 25, said Bloomberg News on Tuesday.
The...
Transnet faces cash crisis despite government lifeline
S&P Global Ratings forecast freight rail and ports operator Transnet will burn cash for the next three years, according to a report by BusinessLive...
Copper surges after Trump unveils 50% import tariff
PRESIDENT Donald Trump announced a 50% tariff increase on copper imports during Tuesday's Cabinet meeting, according to a report by Bloomberg News. The levy...
Rio may opt for CEO with “big ticket” M&A ambitions
RIO Tinto's incoming CEO should embrace major acquisitions while driving cost reductions, said Reuters citing sources familiar with the selection criteria favoured by the...
Glencore launches $1bn share buyback program
DIVERSIFIED miner Glencore will spend $1bn purchasing its own shares over seven months as the company seeks to counter declining stock prices that have...
Froneman calls for western price support: report
SIBANYE-Stillwater's outgoing CEO Neal Froneman has called on Western nations to offer price guarantees for critical minerals, arguing such support is essential to challenge...
Industrial metals fall on fresh tariff threat
INDUSTRIAL metals fell on Monday after President Donald Trump announced plans to impose a 10% tariff on countries aligned with the BRICS bloc, injecting...
SA mining cadastre pushed back to October
THE implementation of South Africa's long-awaited digital and transparent mining rights system has been delayed again, with the new launch date now scheduled for...
Minerals Council urges Govt to rethink chrome ore tax
THE MINERALS Council of SA has reacted with alarm to the recent decision by Cabinet to approve in principle an export tax on chrome...