Glencore to slash costs $1bn by end of 2026
GLENCORE has unveiled plans to slash $1bn in costs by the end of 2026 following a comprehensive review of its mines and smelters, the...
Copper 360 investors face dilution as new debt restructure planned
SHAREHOLDERS in Copper 360 are facing the prospect of major dilution after the company said in an announcement on Tuesday it was in talks...
Kumba recoups R942m in take-or-pay penalties from Transnet
KUMBA Iron ore said on Tuesday it had received R942m in 'take-or-pay' penalties following "lengthy" negotiations with Transnet regarding the under-delivery of contracted iron...
Gold may surge to $4,000/oz by end of 2026
GOLD may surge to $4,000 per ounce by late next year as Federal Reserve monetary easing weakens the dollar and central banks continue expanding...
Anglo warned against De Beers firesale
IT would be a "mistake" for Anglo American to sell De Beers "at a deep discount in the midst of the diamond market lull",...
Ghana cancels bauxite lease for overseas partnership
GHANA has scrapped a major bauxite deal with domestic company Rocksure International, opting instead to pursue international partnerships for developing one of West Africa's...
Kumba hails “stabilisation” of Transnet logistics chain
KUMBA Iron Ore CEO Mpumi Zikalala on Tuesday said there were signs of a "stabilisation" in the performance of Transnet Freight Rail (TFR), the...
SA chrome tax not a balanced approach to development
VALTERRA Platinum described a proposed chrome tax as not a balanced approach to economic development in South Africa.
Earlier this month, South Africa's Cabinet approved...
Global coal output set for record year: IEA
WORLD coal production is expected to reach an unprecedented 9.2 billion tons in 2025 as fossil fuel demand maintains record levels despite environmental commitments.
This...
Valterra to surge into net cash after disappointing start
VALTERRA Platinum kicked off life as an independent company in relatively poor financial form, posting on Monday a heavier-than-expected 81% decline in headline share...