Barrick beats expectations for second quarter profit
BARRICK Gold beat analysts' expectations for second-quarter profit on Tuesday, as the Canadian gold miner benefited from higher prices of the precious metal, said...
Teck or nothing for Glencore’s coal business
GLENCORE had no interest in separately listing its coal business should a plan to combine it with Teck's steelmaking coal business (EVR) fail.
In June,...
Glencore unveils $2.2bn ‘top-up’ amid 62% slide in interim profit
GLENCORE announced a $2.2bn top up in returns to shareholders despite producing sharply reduced year-on-year interim numbers in which lower mineral prices saw net...
Implats’ earnings crash as price weakness, Eskom weigh
POWER supply reductions, cost inflation, and a decline in the basket price for platinum group metals (PGMs) weighed on Impala Platinum (Implats) in its...
Pan African lifts gold forecast for 2024 after slump for year...
PAN African Resources achieved its adjusted gold production forecast for the 12 months ended June and said output for the current financial year would...
Mining executives say copper set for fresh price break-out
A DECLINE in the copper price since the beginning of the year was not "the stuff of nightmares", said Jan Nelson, CEO of Johannesburg-listed...
Gemfields awards $70m contract for second plant at Montepuez
GEMFIELDS said it had awarded a contract for the $70m construction of a second processing plant at its 75%-owned Montepuez, a ruby mine in...
Strike at Wesizwe Platinum’s Bakubung mine enters third week
A STRIKE at the Bakubung platinum group metal (PGM) mine operated by China's Wesizwe Platinum has entered its third week without sign of resolution.
The...
Froneman confident of breakthrough in battle against crime and corruption
NEAL Froneman, CEO of Sibanye-Stillwater sounded a bullish note on a joint committee on crime and corruption which he heads saying cooperation with the...
AngloGold to pare Brazil portfolio following year-long asset review
ANGLOGOLD Ashanti said today it would look to sell Brazilian mine Córrego do Sítio (CdS) while another mine in Brazil, Serra Grande could also...