South32 backs future with $200m share repurchase plan
SOUTH32 CEO Graham Kerr says the company is well-positioned after its full-year financial results beat market expectations.
For the 12 months to June 30, the...
Chinese firm buys control of MC Mining for R1.6bn
A CHINESE firm listed in Hong Kong has bought control of South African thermal and metallurgical coal development firm MC Mining.
The $90m (R1.6bn) deal...
Lucara discovery to bring glitz back to battered diamonds
THE discovery of a 2,492 carat diamond at Lucara's Karowe mine in Botswana this month could give fresh impetus to the battered diamond market.
Diamond...
Russia’s Nornickel examining latest US sanctions
NORNICKEL, the world's largest producer of palladium, said it was examining the implications of new US sanctions on its subsidiaries, according to a report...
Perseus caps all-action year with A$100m share buy-back
PERSEUS Mining capped a strong, high activity performance for its 2024 financial year by announcing a A$100m share buy-back programme.
Jeff Quartermaine, MD and CEO...
Saudi’s rise in mining is breathtaking, and problematic
L ong the world's largest producer of oil, Saudi Arabia now seeks to unlock a treasure trove of minerals beneath its sands while using...
How train drivers and nurses helped fund SA copper firm
FOR a resource economy it’s curious there’s been so little mineral development by so-called junior miners in South Africa. However, a relatively minor capital...
CEOs caution against risks of new dealmaking wave
MERGER and acquistion activity in the mining industry could be about to take off again – a a prospect about which some company CEOs...
Master Drilling “blindsided” as auditor demands write-down
MASTER Drilling’s 75% drop in profit for the six months to end-June was courtesy of the accountants forcing the company to make write-downs on...
Endeavour settles sale dispute on Burkina Faso mines
ENDEAVOUR Mining said on Tuesday it had ended legal proceedings with Lilium Gold, a Burkina Faso company with which it had agreed in 2023...