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Marula Mining to buy control of Kenyan manganese mine

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UK-listed junior miner Marula Mining has agreed to buy control of Kenya's Larisoro Manganese Mine following an initial term sheet agreement with the mine's...

‘A very bloody picture’. Why Northam is downbeat on PGMs

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TWO years ago things were looking so good for the platinum sector that Impala Platinum (Implats) and Northam Platinum got into a corporate brawl...

Northam warns PGM price slump could last for two years

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NORTHAM Platinum has forecast an extended slump in platinum group metal (PGM) prices of up to two years placing "significant pressure on earnings and...

Implats may ask unions, Govt. to consider Bafokeng restructure

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IMPALA Platinum (Implats) may backtrack on an agreement with unions and the department of trade and industry not to restructure shafts bought in last...

Sibanye-Stillwater to call for calm as funding fears circulate

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IF platinum group metal (PGM) prices stay at their current levels this year, one bleak forecast says, Sibanye-Stillwater will break its lender covenants. To...

Project finance secured for Envusa’s 520MW solar, wind projects

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ENVUSA Energy, a joint venture between Anglo American and EDF Renewables, a unit of France's EDF Group, has completed financing of three solar and...

SA business welcomes Phillips as Transnet CEO

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SOUTH Africa's business community welcomed the appointment of Michelle Phillips as Transnet CEO saying it would help maintain momentum as the ports and rail...

Implats to cut projects, reposition mines amid “anaemic” outlook

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IMPALA Platinum (Implats) has unveiled a group-wide restructuring plan in which it may cut as much as 14% of platinum group metal (PGM) production...

Harmony scans SA for uranium as targets lift in fuel’s output

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HARMONY Gold is looking at increasing uranium production through third party supply and by improving the capacity of its processing facilities. "There are quite a...

Harmony Gold to spend R7.9bn extending Mponeng to 2044

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HARMONY Gold on Wednesday announced the R7.9bn extension of Mponeng which will keep the mine, located west of Johannesburg, operating until at least 2044. Commenting...