Eskom to target procurement in cost drive preferring to avoid ‘forced...
ESKOM would renegotiate supply contracts in order to reduce costs rather than cutting jobs through forced retrenchments, said Fin24, citing the power utility's CEO,...
Resolute Mining makes short work of balance sheet halving total debt...
RESOLUTE Mining made short work of reducing balance sheet stress this year after putting in steps to cut total debt about $200m to $194m.
The...
B2Gold, AngloGold Colombia project scoped for $900m pre-production budget
TORONTO's B2Gold said it had scoped for pre-production costs of just over $900m for Gramalote, a gold deposit in Colombia held in joint venture with...
SA resolves to develop market-friendly approach to dealing with energy crisis
SOUTH Africa has endorsed a more investor-friendly approach to tackling the country's energy crisis, said BusinessLive citing an ANC document it has seen that...
Caledonia unwinds Zimbabwe indigenisation deal taking stake in Blanket mine to...
CALEDONIA Mining has increased its stake in its Blanket gold mine to 64% after cancelling a shareholder loan dating back to 2012 when the...
First “warning bell” for PGM shares as metal prices far exceed...
SOUTH African platinum group metal (PGM) shares would continue to appreciate but there were signs that metal prices were high enough to incentivise new...
Barrick facing write-down if fails to win Tanzania support for Twiga...
BARRICK Gold may be forced to impair a significant portion of its investment in the former Acacia Mining assets if a joint venture agreement...
UK’s Johnson says “not another penny” to be spent on offshore...
THE UK would not invest again in offshore coal mines or coal powered power plants, said Boris Johnson, the country's prime minister.
"Not another penny...
Son of Indian gold miner kidnapped in Burkina Faso during 2018...
THE son of an Indian gold mine owner in Burkina Faso, who was kidnapped by unidentified assailants in 2018, has been released, said Reuters...
Resolute extends gold hedge to 215koz as anticipates continued gold volatility
RESOLUTE Mining has added 37,200 ounces of gold to its hedge book, edging up total gold sold in forward contracts to more than half...