SA platinum miners start to catch up lost production
SOUTH African platinum production recovered in May while there has also been an easing in Chinese imports of the metal.
Statistics SA data published earlier...
AngloGold to buy Nevada neighbour Augusta Gold for $111m
ANGLOGOLD Ashanti on Wednesday announced a $111m offer for Augusta Gold, a Toronto-listed business which owns gold-bearing tenements in Nevada's Beatty District.
The deal, supported...
Kuvimba revises Darwendale platinum project approach
KUVIMBA Mining House has redesigned its Darwendale platinum development as an open-pit operation rather than the originally planned underground mine, said Trevor Barnard in...
Namib minerals plans $300m Zimbabwe mine revival
NAMIB Minerals intends to invest $300m in restarting two dormant gold mines in Zimbabwe, said Reuters citing Ibrahima Tall, CEO of Namib Minerals.
The...
Kenmare to book $125m impairment amid oversupply
KENMARE Resources announced on Wednesday it would book an impairment of no more than $125m on its first half accounts as it expected long-term...
Rio Tinto names head of iron ore Simon Trott as new...
RIO Tinto Group has appointed its iron ore boss Simon Trott as CEO, replacing Jakob Stausholm from August 25, said Bloomberg News on Tuesday.
The...
Transnet faces cash crisis despite government lifeline
S&P Global Ratings forecast freight rail and ports operator Transnet will burn cash for the next three years, according to a report by BusinessLive...
Zambian mining chief urges US to waive copper import tariffs
THE leader of Zambia's state mining corporation is pushing for the US to grant exemptions from proposed copper import duties, arguing that such tariffs...
South32 warns over Mozal ouput in 2026 as power talks stall
SOUTH32 has raised major doubts about the sustainability of aluminium production from its facilities in Mozambique, saying in an update on Monday it had...
Commodity traders poised for $300m copper windfall
FOUR major commodity trading houses stand to earn extraordinary profits exceeding $300m after positioning themselves ahead of Donald Trump's copper tariff announcement, capitalising on...