Anglo discusses job cuts at Amplats, Kumba Iron Ore
ANGLO American acknowledged it was under pressure following sustained weakening in platinum group metal prices (PGMs) and a decline in the performance of South...
Uranium listing shows SA’s junior mining is still kicking
ONE thing resource miners have in spades is optimism. Take South Africa’s latest digger, Neo Energy Metals, which is hoping to build a uranium...
Half of Pan African shareholders oppose firm’s executive pay
NEARLY half of shareholders who voted at Pan African Resources annual general meeting on November 23 declined to support the company's scheme for executive...
Mali agrees Russia deal to build Africa’s largest gold refinery
MALI signed an agreement with Russia to build a gold refinery in Bamako in a development Reuters described as further evidence western influence in...
Rio Tinto agrees SEC fine to close calamatous Mozi coal investment
RIO Tinto brought the curtain down on a disastrous investment in Mozambique's coking coal industry after it agreed to pay a $28m fine to...
What Sibanye-Stillwater’s bond says about its prospects
SHARES in Sibanye-Stillwater were hammered yesterday as investors took short positions while others bailed on the stock.
This was after the precious metals miner announced...
Pan African raises confidence in higher end of 2024 gold target
PAN African Resources increased forecast production for its 2024 financial year to between 180,000 to 190,000 ounces following a strong showing in the first...
Sibanye-Stillwater unveils $500m bond to finance expansion
SIBANYE-Stillwater is to issue $500m in convertible bonds which it will use to finance the recently announced $155m acquisition of recycling operations in the...
MMG to buy Khoemacau Copper after beating off SA interest
CHINA'S MMG is to buy the 60,000 tons per year Khoemacau copper mine in Botswana beating off interest from Sibanye-Stillwater and Impala Platinum.
The purchase...
Platinum price is set to respond to underlying supply deficit
PLATINUM is expected to end 2023 with a supply deficit of about 1.07 million ounces largely owing to demand which is forecast to be...