Global gold miners prefer dividends for fear of repeating yesterday’s growth...
THE world's gold industry is hesitant to embark on new projects preferring to prioritise dividends and other forms of capital return to shareholders, said...
Gemfields suffers R1.14bn year-on-year reversal with no immediate prospect of revenue
THE full extent of the Covid-19 pandemic on Gemfields was laid bare today in a trading statement which detailed a R1.14bn year-on-year reversal of...
Anglo boss Mark Cutifani named as possible successor after Jacques prepares...
THE name of Mark Cutifani, CEO of Anglo American, cropped up following the resignation of Jean-Sebastien Jacques, boss of rival firm, Rio Tinto, last week.
Citing...
Joint audit clears way for DRC to reimburse VAT payments to...
THE Democratic Republic of Congo (DRC) would reimburse mining companies value added tax (VAT) payments, said Reuters citing Budget Minister, Jean-Baudouin Mayo.
Africa’s top copper producer...
There’s nothing perfect for the JSE’s miners in the future offered...
In July, Elon Musk, the founder of Tesla, issued an unusual public challenge to the world’s mining industry. Commenting during an investor presentation, he...
De Beers warns of slow market recovery as moves to flexible,...
DE BEERS warned it would "take some time" for the diamond market to return to pre-Covid-19 levels, but a recovery in rough diamond demand...
Rio Tinto CEO, Jacques, loses job as attention switches to qualities...
RIO Tinto CEO, Jean-Sebastien Jacques, will leave his job in the wake of continued investor pressure that the group step-up its response to the destruction of...
B2Gold to be debt-free by month-end, projects $900m in 2020 operating...
B2GOLD said it would be debt-free later this month once it had repaid its $425m revolving credit facility (RCF).
Commenting in an update, in which...
Is the South African discount real and does it hurt our...
SHARES in Sibanye-Stillwater have been charting a course north for most of the year, the Covid-19 equity shock in March notwithstanding.
However, it could do...
Harmony Gold to book R1.7bn in gold and currency hedging losses...
HARMONY Gold would book a headline share earnings loss for its 2020 financial year ended June 30 owing to derivative losses totalling R1.7bn, according...