Harmony Gold opens 2024 with barnstorming performance
HARMONY Gold kicked off its 2024 financial year in barnstorming fashion reporting today first quarter operating free cash of R3.2bn – nearly four times...
Why is Anglo’s Woodsmith project struggling to win favour?
THE global vitamin and supplements industry is thriving. Estimates of its trajectory vary, but one is that vitamin sales will rise to $8.9bn in...
Gold One suspends mining at East Modder amid signs of renewed...
GOLD One suspended mining operations at its Modder East facility in Springs on Thursday after threats of more protests, said BusinessLive.
The mine’s management initially...
SA Govt to deploy soldiers to curb illegal mining
THE South African government has authorised the deployment of 3,300 soldiers in support of police efforts to curb illegal mining, said Bloomberg News.
Citing a...
Sibanye-Stillwater bulks up US recycling with $155m Reldan deal
SIBANYE-Stillwater has spread its global net further afield after announcing today the $155.4m (R2.89bn) acquisition of a US metals recycling business which has joint...
AngloGold to adopt new mining method at Obuasi after output falls
ANGLOGOLD Ashanti said it would change its mining method at Obuasi after the Ghana mine produced a disappointing third quarter performance.
The mine's gold production...
Zimbabwean targeted as UK tightens sanctions on Russian metal exports
THE UK tightened sanctions on gold and platinum group metal (PGM) exports from Russia including the activities of a company with links to a...
Techmet takes $50m option in Rainbow’s Phalaborwa project
TECHMET, an investment company chaired by Brian Menell, could take a 15% to 33% stake in Rainbow Rare Earths' Phalaborwa project after being granted...
De Beers’ sales fall to $80m as diamond miner waits on...
ROUGH diamond sales shrank to $80m for De Beers' penultimate sales cycle for 2023 as the Anglo American company limited supply in response to...
Transnet R4.4bn debt rollover only raises prospect of state bailout
SOUTH Africa's Public Investment Corporation (PIC) rolled over R4.4bn in debt owed by the country's state-owned rail and ports firm Transnet, said News24.
However, the...