Markets

SA miners call on Govt for illegal mining strategy

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THE Minerals Council SA has called on the South African government to approve a dedicated illegal mining strategy as precious metal theft and smuggling...

SA receives $474.6m infrastructure loan

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SOUTH Africa has received a $474.6m loan from the African Development Bank to upgrade its transport and energy infrastructure, said Reuters citing the bank. The...

Miners accused of forced labour in Congo

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GOLD miner Twangiza Mining SA has accused Rwanda-backed M23 rebels of forcing its employees to work without pay after seizing its mine in eastern...

US investor targets Congo mine for peace deal

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A PROMINENT Donald Trump ally is pursuing control of a controversial Congolese mine as part of Washington's fresh approach to resolving the region's long-standing...

Gold bolsters big miner revenues in 2024, says PwC

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GOLD mining revenue prevented the world's largest miners from reporting a third consecutive decline in aggregate revenue, according to a report by PwC, an...

Cutifani steps down as Vale Base Metals chair

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MARK Cutifani is stepping down as chair of Vale Base Metals after two years amid a possible listing of the copper and nickel business...

Froneman to lead Formula 1 consortium post retirement

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NEAL Froneman surprised mining investors on Tuesday declaring he would step into motorsport when he leaves Sibanye-Stillwater, the precious metals miner he founded in...

SA secures $1.5bn World Bank infrastructure loan

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SOUTH Africa has signed a $1.5bn loan agreement with the World Bank, aiming to overhaul its transport and energy infrastructure and reignite economic growth,...

Kenmare takeover talks end after consortium lowered offer

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TAKEOVER discussions between Kenmare Resources and a consortium that included its former managing director ended in failure, the parties said on Thursday. "Following a comprehensive...

Mkhwanazi to leave Anglo as group streamlines executive

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ANGLO American said its regional director for Australia and Africa, Themba Mkhwanazi would leave the company following the disposal of group assets in the...