DRDGold rakes in cash as it funds major expansion
DRDGOLD made the most of the booming gold price in the year to end-June pushing operating profits 69% higher even as it funded its major...
Anglo, Peabody to lock horns after $3.8bn deal culled
THE stage has been set for a legal battle between US coal major Peabody and Anglo American after Peabody terminated its purchase agreement to...
All systems go for Harmony at MAC Copper
HARMONY Gold has cleared the final regulatory hurdle required to finalise the acquisition of Australian copper producer MAC Copper which is a key step...
Northam Platinum wary on metal price recovery
NORTHAM Platinum has poured cold water on current buoyant conditions in the platinum market where the platinum price has jumped more than 30% in recent...
Minerals Council hoping to avoid MPRD legal tussle
NEITHER the Minerals Council nor the Department of Minerals and Petroleum Resources (DPMR) wants to end up in court over the latest proposed amendments to...
Thungela CEO upbeat despite coal price slide
THUNGELA Resources level-pegged on coal export volumes for the six months to end-June but earnings were clobbered by lower export prices which dropped 11%...
Sibanye-Stillwater takes knock as US to phase out PGM credit
SIBANYE-Stillwater will report sharply higher headline profits for the six months to end-June but will still record a basic earnings loss because of impairment...
Anglo favours De Beers buyer with industry experience
WHEN Gareth Penny ended his 22-year career at De Beers in 2010, the company was only just emerging from the tumult of the global...
Zambian mine disaster ‘catastrophically underestimated’
A TOXIC waste spill at a Chinese-owned copper mine in Zambia released 30 times more poisonous material than officially reported, said Bloomberg News citing...
Global shocks have debunked the peak coal myth
THE world burns nearly double the amount of coal today compared to 2000, and four times the amount consumed in 1950. Every minute, 16,700...