Transnet pencils in net profit for 2025 if capital funding secured
TRANSNET set out plans to return to profit in its 2024/25 financial year as part of a turnaround plan in which it confirmed the...
Coronation quits SA’s profligate PGM sector
CORONATION, one of South Africa's largest asset managers, has pulled out of the country's platinum group metal (PGM) sector, saying that miners were likely...
DRDGOLD suffers 18% q-on-q knock in first quarter ebitda
DRDGOLD reported an 18% knock in first (September) quarter ebitda which came out at R365.8m despite increasing production 5% to 41,281 ounces.
In a comparison...
Sibanye-Stillwater to restructure PGM shafts affecting 4,095 miners
SIBANYE-Stillwater announced today restructuring plans of its South African platinum group metal (shafts) affecting 4,095 full time employees and contractors.
The precious metals miner said...
Anglo American to be served with class action over former coal...
HUMAN rights lawyer Richard Spoor has launched a second class action seeking compensation for coal miners suffering from lung disease, this time employees at...
Hundreds of East Modder mineworkers return to surface
SOME miners have emerged from the underground workings of Gold One's Modder East mine where more than 500 have been held underground since Sunday.
At...
Kumba Iron Ore sales fall 12% in Q3 amid port breakdowns
IRON ore sales in the third quarter fell 12% year-on-year to 8.9 million tons (Mt), said Kumba Iron Ore, the Anglo American-owned company.
This was...
Five day water outage reduces Amplats Q3 refined output 9%
ANGLO American Platinum (Amplats) posted a 9% decline in refined platinum group metals (PGMs) output to 909,700 ounces for the third quarter partly owing...
SA coal asked to pay R1.4bn to help settle Chinese loco...
SOUTH Africa's largest coal producers could pay the lionshare of an estimated R1.4bn in order to help Government settle matters with China Railway Rolling...
Perseus raises prospect of special dividend after cash flourishes
PERSEUS Mining increased cash and bullion to $594m at the close of the September quarter which CEO Jeff Quartermaine said boosted the firm's chances...