Copper 360 launches R1.15bn recapitalisation
COPPER 360 on Friday unveiled plans to recapitalise its under-pressure balance sheet in which it would issue shares and convert debt to the tune...
ARM takes medicine after tough two years at Bokoni Platinum
AFRICAN Rainbow Mineral's (ARM's) attempt to breathe fresh life into Bokoni Platinum, a mine in South Africa's Limpopo province, cost it dear in the...
Glencore may be digging in for more dealmaking
GLENCORE CEO Gary Nagle speaks like a person in search of a deal. Asked for his view on mergers & acquisitions (M&A) among the...
Lloyd’s reverses fossil fuel coverage ban
LLOYD'S of London's new CEO has abandoned his predecessor's climate commitments, allowing insurers to resume covering the most polluting fossil fuel projects.
Patrick Tiernan told...
Top US coal miner sees booming demand
US electricity consumption is rising so rapidly that coal usage could increase dramatically, said Bloomberg News citing comments by Peabody Energy Corp.
The surge in...
Gold hedging losses to knock Pan African profits 23%
PAN African Resources was on the wrong end of its hedging contract in the 12 months ended June booking a $5.8m loss on one...
Anglo bolsters balance sheet with R44.1bn Valterra sale
ANGLO American confirmed on Thursday morning it had concluded the sale of its entire remaining 19.9% stake in Valterra Platinum, formerly Anglo American Platinum...
Anglo to sell remaining stake in Valterra Platinum
ANGLO American said on Wednesday it would sell its remaining shares in Valterra Platinum equal to 19,9% in the company worth R44bn.
The transaction, by...
SA to open first gold mine in 15 years
WEST Wits Mining will break a significant drought when production begins next year at Qala Shallows, marking South Africa's first new underground gold operation...
Nickel price collapse strengthens China’s grip
NICKEL prices have plummeted to just over $15,000 per ton – roughly one-third of their 2022 peaks – undermining Western efforts to reduce dependence...