Coal miner Thungela announces R500m share buy-back
THUNGELA Resources, the Johannesburg listed coal producer, announced plans on Monday to buy back up to R500m of its own shares.
Commenting in its results...
Merafe takes payout to R1bn as chrome drives record earnings
MERAFE Resources posted a record full year profit on the back of "elevated" chrome sales and despite a 14.5% decrease in the average ferrochrome...
Sibanye-Stillwater hauled to court by disgruntled supplier – report
SIBANYE-Stillwater is embroiled in a legal dispute with a prospective supplier who claims in an article by Business Times today that it was excluded...
Barrick says 2023 gold output replaced through own resources
BARRICK Gold more than replaced gold production in 2023 increasing gold reserves to 77 million ounces.
Commenting in the the firm's annual report, CEO Mark...
Kenmare MD announces plans to step down in August
KENMARE Resources' founding MD Michael Carvill is to step down from the company in August ending neary 40 years with the mineral sands miner.
"As...
Glencore should keep its coal mines, says shareholder
ONE of Glencore's investors have asked the miner to retain its coal mines rather than spin them out as they were "world class assets",...
Exxaro pays special dividend while M&A search goes on
EXXARO Resources on Thursday said it would pay a special dividend taking the final payout for its 2023 financial year ended December to R15.82...
Modest lift in De Beers’ sales as gradual recovery begins
DE Beers reported a modest increase in rough diamond sales for the second sales cycle of its financial year which CEO Al Cook said...
SA Revenue Service closing in on gold smuggling – report
SOUTH African gold refiner Rappa Resources has been ordered to hand over documents to the country's revenue service regarding a potential R4bn tax liability.
According...
Some gold miners not yet cashing in on record metal price
THE gold price has gained a fifth since the start of the year but the companies that mine that metal are not getting recognition,...