Rio Tinto agrees SEC fine to close calamatous Mozi coal investment
RIO Tinto brought the curtain down on a disastrous investment in Mozambique's coking coal industry after it agreed to pay a $28m fine to...
What Sibanye-Stillwater’s bond says about its prospects
SHARES in Sibanye-Stillwater were hammered yesterday as investors took short positions while others bailed on the stock.
This was after the precious metals miner announced...
Pan African raises confidence in higher end of 2024 gold target
PAN African Resources increased forecast production for its 2024 financial year to between 180,000 to 190,000 ounces following a strong showing in the first...
Sibanye-Stillwater unveils $500m bond to finance expansion
SIBANYE-Stillwater is to issue $500m in convertible bonds which it will use to finance the recently announced $155m acquisition of recycling operations in the...
MMG to buy Khoemacau Copper after beating off SA interest
CHINA'S MMG is to buy the 60,000 tons per year Khoemacau copper mine in Botswana beating off interest from Sibanye-Stillwater and Impala Platinum.
The purchase...
Platinum price is set to respond to underlying supply deficit
PLATINUM is expected to end 2023 with a supply deficit of about 1.07 million ounces largely owing to demand which is forecast to be...
Bushveld starts trimming business with plan to sell CellCube
BUSHVELD Energy said today it intended to sell its 25.25% stake in CellCube, an energy storage battery manufacturer.
The divestment is part of plans to simplify...
Liberia president-elect will examine mining concessions
LIBERIA is to re-assess its mining concessions as part of president-elect Joseph Boakai's campaign promise to "rescue" the country.
Reuters cited the West African politician...
Transnet to buy “longer range weapons” in fight against crime
TRANSNET is to up the ante in its fight against crime, according to a report by BusinessLive which said the state-owned rail and ports...
Lucapa ices Merlin feasibility study as diamond market bites
LUCAPA Diamonds has iced its Merlin feasibility study owing to a decline in diamond prices, saying that it was weighing low cost alternatives.
The project,...