Are diamonds for Anglo? De Beers’ slump raises questions
IN 2022, Petra Diamonds CEO Richard Duffy said the market for diamonds was undergoing a positive "structural change". It was not a "bubble or a...
MC Mining facing more turmoil as shareholders launch takeover
MC MINING, the coal development firm, faces more corporate turmoil after it emerged today it was the subject of a takeover proposal.
The offer is...
Barrick CEO says there’s scope to negotiate Mali mining code
BARRICK Gold CEO Mark Bristow said there was scope for negotiation with Mali's military junta regarding its recently promulgated Mining Code. "It all hinges around...
Sibanye-Stillwater weighs new round of restructuring at Stillwater
SIBANYE-Stillwater turned in mixed results for the third quarter in which its Australian tailings retreatment business New Century Resources posted a turnaround, but Stillwater...
Amplats agrees to sell Kroondal stake earlier to Sibanye-Stillwater
SIBANYE-Stillwater has taken 100% control of Kroondal Platinum Mines (KPM) after bringing forward an agreement to buy the 50% stake of its joint venture partner...
Sibanye-Stillwater to push ahead with Mt. Lyell copper study
SIBANYE-Stillwater today said it had exercised its right to buy Mt Lyell, a copper mine located in Tasmania.
An option to acquire Mt Lyell for...
Petra defers $65m in capex at SA mines as diamond inventories...
PETRA Diamonds is to defer $65m of its capital extension programmes at the Cullinan and Finsch mines with immediate effect but will not spell...
New bank misery will dictate gold’s direction more than geopolitics
THE prospect of regional conflict in the Middle East has given gold a boost in another example of what former AngloGold Ashanti CEO Bobby...
Gold harder to find than ever before as junior sector ‘hurts’
DIGGING in Egypt’s Eastern Desert, 25km from the Red Sea, geologists for Centamin, a UK-listed gold miner, turned amateur archeologists when they stumbled on...
Glencore’s cuts ferrochrome guidance after limiting Eskom pain
GLENCORE maintained its overall 2023 guidance for copper, zinc, coal and cobalt output but cut its outlook on nickel production due to maintenance and strikes,...