Samancor presses ahead with job cuts despite Eskom deal
SAMANCOR Chrome is pushing forward with plans to retrench about 2,400 workers across its smelting operations and corporate offices, said Bloomberg News citing a...
Pan African goes all in on Australia’s ‘heart of gold’
PAN African Resources – a one-time gold-mining minnow that started with just a deep-level mine in Barberton – is extending its empire in Australia....
Harmony Gold declares record interim payout after upgrade
HARMONY Gold today unveiled a major upgrade in its dividend policy in which it will pay up to 50% of net free cash provided...
Zambia courts investors for copper output tripling
ZAMBIA is seeking global investment, including from the United States, to more than triple copper output to three million tons by 2031, the country's...
Banks failing to screen for illegal mining risks
A LARGE proportion of banks and investors are not screening for illegal mining risks despite operating in sectors vulnerable to illicit extraction, according to...
SA launches infrastructure credit-guarantee vehicle
SOUTH Africa is rolling out a new credit-guarantee programme designed to mobilise billions of dollars in private investment for infrastructure, spanning power grid expansion,...
De Beers sale gets cheaper, though not easier
ANGLO American has massively downgraded the value of De Beers on its balance sheet, suggesting a bargain might be in the offing for its...
Costs to temper Harmony’s all-action interim earnings
A FLEET of market and finance related costs took the edge off Harmony Gold's interim performance for the six months ended December.
The gold miner...
Is Zimbabwe’s mining missing the train?
ZIMBABWE'S crumbling rail system may be worse than even South Africa’s. It is a huge stumbling block for its mining industry, raising transport costs...
Lundin family bet on Montage Gold delivers 2,000% return
A C$17.5M investment by the Lundin family in Canadian-listed Montage Gold has generated a return of more than 2,000% in under two years owing...