Wesizwe Platinum to cut jobs at “bloated” Bakubung mine
THE jobs bloodbath in South Africa's platinum group metal (PGM) sector worsened on Monday after Wesizwe Platinum said it planned to restructure its "bloated"...
Bushveld survival plans boosted after refinancing $46.9m in debt
ORION Mine Finance has agreed to refinance and extend $46.9m in debt with Bushveld Minerals paving the way for the recapitalisation of the vanadium...
Perseus builds 19.9% stake in Tanzania gold developer OreCorp
PERSEUS Mining said today it had accumulated a 19.9% stake in gold developer OreCorp which is currently under offer from a third party. Listed...
Anglo discusses job cuts at Amplats, Kumba Iron Ore
ANGLO American acknowledged it was under pressure following sustained weakening in platinum group metal prices (PGMs) and a decline in the performance of South...
Uranium listing shows SA’s junior mining is still kicking
ONE thing resource miners have in spades is optimism. Take South Africa’s latest digger, Neo Energy Metals, which is hoping to build a uranium...
Half of Pan African shareholders oppose firm’s executive pay
NEARLY half of shareholders who voted at Pan African Resources annual general meeting on November 23 declined to support the company's scheme for executive...
Mali agrees Russia deal to build Africa’s largest gold refinery
MALI signed an agreement with Russia to build a gold refinery in Bamako in a development Reuters described as further evidence western influence in...
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...