SA’s Treasury throws Transnet debt lifeline with R47bn guarantee
SOUTH Africa’s National Treasury agreed to provide a R47bn guarantee facility to Transnet, the beleaguered rail and ports operator, said Bloomberg News.
Citing a Treasury...
Pilanesberg Platinum closes as price slump claims scalp
LOW platinum group metal (PGM) prices have claimed another scalp with Pilanesberg Platinum Mines (PPM) telling employees the operation would close from Friday (December...
Southern Palladium appoints former Minerals Council CEO as chair
ROGER Baxter, the former CEO of South Africa's Minerals Council, has been appointed non-executive chair of Southern Palladium.
The Johannesburg-listed exploration firm said on November...
Copper 360 delays plant build as plots way around loadshedding
COPPER360 has pushed back commissioning of a copper concentrate plant to mid-January from a previous November-end deadline partly owing to loadshedding
Known as the modular...
Copper 360 unfurls R200m deal to double metal output by 2025
COPPER360 today announced terms of a R200m acquisition that will enable it to more than double copper concentrate production and deliver that quantum leap...
Sibanye-Stillwater to cut 287 jobs at US mine as palladium halves
THE grim prospects for the palladium price has forced Sibanye-Stillwater into a fresh round of restructuring at its US mine Stillwater Mining.
Sibanye-Stillwater announced today...
Exxaro confirms no lift in coal exports despite helping TFR
EXXARO Resources said it expected to conclude the sale of its ferroalloys operations by the middle of next year having previously identified it as...
Implats shuts Rustenburg Mines as it counts cost of tragedy
IMPALA Platinum (Implats) is to suspend production at its Rustenburg Mines for two days while it runs competency checks on winder equipment at other...
NUM says 10,000 jobs at risk in SA mining sector
AN estimated 10,000 jobs are at risk in South Africa's mining industry, according to BusinessLive, a newspaper.
The estimate, made by the National Union of...
Eleven miners killed, 75 injured in Implats Rustenburg accident
ELEVEN miners lost their lives and a further 75 were injured in an accident on Monday afternoon at 11 shaft in Impala Platinum's (Implats') Rustenburg...