Burkina Faso raises royalties on gold production
BURKINA Faso has introduced a new royalty an gold sales which takes into account gold prices above $1,500 per ounce whereas previously it levied...
Sibanye-Stillwater may be outbid for Mopani Copper amid PGM pain
SIBANYE-Stillwater said it continued to "engage" with the Zambian government over the acquisition of its Mopani Copper despite the presence of an interloper.
The Financial...
Transnet seeking R50bn for mission critical capex
TRANSNET needs at least R50bn in funding to eradicate the current maintenance backlog on its rail network and to restore it to its full...
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...