Sibanye-Stillwater not yet abandoned Mopani Copper deal
SIBANYE-Stillwater had not given up buying Zambia's Mopani Copper despite an announcement last week a sale agreement had been signed with a company in...
Total fatalities in Rustenburg accident now at 13, says Implats
IMPALA Platinum (Implats) said today another employee involved in last week's Rustenburg 11 Shaft accident had passed away. This takes to 13 the number of employees...
Nagle’s plan for Glencore rests on this calculated gamble
THREE years after deciding to retain coal production, Glencore has unveiled a proposal to ditch the fossil fuel.
Under a deal announced on November 14,...
Gold surges to high but risk of short-term pull back
THE gold price surged to its highest level since the Covid pandemic amid growing expectations for US rate cuts early next year. This was...
UAE company to win bidding for Zambia’s Mopani Copper
SIBANYE-Stillwater appears to have been pipped to Mopani Copper by United Arab Emirates company International Resources Holdings (IRH), said Reuters last week.
IRH will invest...
Sibanye-Stillwater to retrench 575 from SA gold operations
SIBANYE-Stillwater is to retrench 575 employees, mainly from its Kloof 4 shaft, in an effort to stem losses at its South African gold mining...
TFR announces plans to up tempo of coal deliveries
TRANSNET Freight Rail, a division of Transnet, said on Thursday it was ramping up coal trains along its North Corridor in order to ease...
SA’s Treasury throws Transnet debt lifeline with R47bn guarantee
SOUTH Africa’s National Treasury agreed to provide a R47bn guarantee facility to Transnet, the beleaguered rail and ports operator, said Bloomberg News.
Citing a Treasury...
Pilanesberg Platinum closes as price slump claims scalp
LOW platinum group metal (PGM) prices have claimed another scalp with Pilanesberg Platinum Mines (PPM) telling employees the operation would close from Friday (December...
Southern Palladium appoints former Minerals Council CEO as chair
ROGER Baxter, the former CEO of South Africa's Minerals Council, has been appointed non-executive chair of Southern Palladium.
The Johannesburg-listed exploration firm said on November...