Amplats CEO seeks to placate market’s demerger concern
AMPLATS would retain the dividend, stick to mining platinum group metals (PGMs) in South Africa, and hope to retain shareholders on the basis of...
South32 manganese record eclipsed by $818m write-down
SOUTH32 said on Monday manganese ore production from its Northern Cape mines hit a record 2.18 million tons for the group's 2024 financial year...
Anglo to sell iron ore, copper royalties for $195m
ANGLO American is to sell two royalty streams held through its 85% owned De Beers to Sydney-headquartered Taurus Funds Management for $195m.
The UK-listed group...
Amplats shuts Mortimer smelter as 3,700 jobs cut
ANGLO American Platinum (Amplats) said on Monday it had cut R4.9bn in costs for the six months ended June affecting 3,700 jobs and shut...
Orion’s Smart says project funding key after share price grilling
ORION Mineral shares would start to perform once the company had completed the bankable feasibility studies for its Prieska and Okiep mines, and it...
Is palladium showing signs of life after rise in lease rates?
THE lease rate for palladium — the cost of lending the metal for futures trading — has risen recently. RMB Morgan Stanley analysts caution...
UK-listed Spac aims to roll up copper miners in Africa, S....
A MINING group led by a former executive at Russia’s largest aluminium company is seeking to buy copper miners in Africa and South America,...
Centamin to lodge mining licence for Doropo following DFS
CENTAMIN, the UK-listed gold miner, will lodge an application to mine Doropo, its proposed $373m project in Ivory Coast following completion of a definitive...
Kumba guidance threatened as on-mine stocks grow 0.9Mt
STOCKS of iron ore increased nearly one million tons at Kumba Iron Ore mines in the first six months of this year as state-owned...
De Beers to cut output again as diamond prices flatline
ANGLO American said its 85%-owned De Beers may cut diamond production further owing to a deterioration in second quarter market conditions.
"Trading conditions became more...