Kore raises $1m for works programme as SEPCO revises potash JV
KORE Potash said it had raised $1m after issuing $800,000 in new shares with the balance of the funds raised comprising convertible shares.
David Hathorn,...
Does new Amplats CEO Craig Miller have what it takes?
INCOMING Anglo American Platinum (Amplats) CEO Craig Miller ought to have an easier ride than his predecessor.
In her three years as boss of the...
Lucara’s Karowe yields another whopper, provides welcome distraction
LUCARA Diamond Corporation said it had recovered another gem in excess of 1,000 carats from its Karowe mine in Botswana.
The 1,080.1 carat gem, measuring 82.2...
Sylvania Platinum to spend R600m adding chrome to output
SYLVANIA Platinum today unveiled a new joint venture that will add chrome production to the platinum group metals (PGMs) portfolio and increase PGM output.
The agreement...
Barrick beats expectations for second quarter profit
BARRICK Gold beat analysts' expectations for second-quarter profit on Tuesday, as the Canadian gold miner benefited from higher prices of the precious metal, said...
Teck or nothing for Glencore’s coal business
GLENCORE had no interest in separately listing its coal business should a plan to combine it with Teck's steelmaking coal business (EVR) fail.
In June,...
Glencore unveils $2.2bn ‘top-up’ amid 62% slide in interim profit
GLENCORE announced a $2.2bn top up in returns to shareholders despite producing sharply reduced year-on-year interim numbers in which lower mineral prices saw net...
Implats’ earnings crash as price weakness, Eskom weigh
POWER supply reductions, cost inflation, and a decline in the basket price for platinum group metals (PGMs) weighed on Impala Platinum (Implats) in its...
Pan African lifts gold forecast for 2024 after slump for year...
PAN African Resources achieved its adjusted gold production forecast for the 12 months ended June and said output for the current financial year would...
Mining executives say copper set for fresh price break-out
A DECLINE in the copper price since the beginning of the year was not "the stuff of nightmares", said Jan Nelson, CEO of Johannesburg-listed...