Anglo update was downbeat with copper cuts, diamond losses
DE BEERS would be lossmaking during the second half of the 2023 financial year ended December 31 after closing its two final cycles with...
Amplats launches R10bn plan to stave off tough 2024
ANGLO American Platinum (Amplats) today announced plans to slash costs and cut expenditure for a total saving of R10bn in 2024 in an effort...
Kumba halts production growth plans as TFR woes take toll
KUMBA Iron ore has shelved plans to increase production saying that following a business review this year output will be flat from 2024 to...
Anglo to cut production guidance across suite of minerals – report
ANGLO American is expected to cut production guidance for iron ore, copper, metallurgical coal and diamonds when it presents an investor update on Friday.
There...
Wesizwe Platinum miners hold sit-in at Bakubung amid restructuring
A TROUBLED 24 months for Wesizwe Platinum intensified on Thursday when employees, completing their night shift, staged an underground sit-in.
The company, which is 45% controlled by...
Hummingbird shores up balance sheet with $30m placement
HUMMINGBIRD Resources on Thursday took steps to shore up its balance sheet announcing terms of a $30m share placement with institutions, led by investment...
Sibanye-Stillwater secures 45% of SA renewable power target
SIBANYE-Stillwater said it had procured 178MW of renewable power from two projects taking total wind and solar power supplied to its South African mines...
First survivor pulled from collapsed mine in Zambia
THE first survivor of a landslide that inundated an open pit copper mine in Zambia has been rescued, said Reuters.
The rescue team also retrieved...
Rio’s Stausholm estimates $6.2bn spend on Simandou iron ore
RIO Tinto expected to spend $6.2bn developing Guinea's Simandou iron ore deposit with initial production pencilled in for 2025.
Speaking to Bloomberg News, Rio Tinto...
PGM miners face fight for survival if price downturn persists
A DASH for cash might be on the cards for South Africa’s haemorrhaging platinum group metals (PGM) sector if current spot prices persist for...