Gold ETFs surge $23bn to highest quarterly increase on back of...
PURCHASES of gold-backed exchange traded funds (ETFs) surged $23bn in the first quarter - the highest quarterly increase in absolute dollar terms - and...
Zambia says Glencore unjustified and illegal in planned shuttering of Mopani...
ZAMBIA has kicked back against plans by Glencore to put its Mopani Copper Mines on care and maintenance.
The Financial Times said in a report...
Sasol coal mines to operate at planned run-rates despite one quarter...
SASOL said its coal mines would operate at budgeted run-rates despite a decision to cut production a quarter at its Secunda Synfuels Operation (SSO).
The COVID-19...
Barrick, Perseus donate cash to Africa host nations in bid to...
GOLD producers operating in Africa have provided funds to their host nations as the continent battles the COVID-19 pandemic.
As of April 7, there had...
Glencore’s Mopani Copper idled as COVID-19 delivers decisive blow to 2020...
MOPANI Copper Mines in Zambia has placed its mines on care and maintenance citing the effects of the deadly COVID-19 pandemic, among other business pressures.
The...
Gemfields suspends share buy-back as prepares for life without revenue until...
GEMFIELDS, the UK-listed coloured gemstones and marketing firm, has suspended its share buy-back programme.
The company said today it was necessary to conserve cash whilst it...
AMCU opposed to relaxation of lockdown measures arguing worker safety paramount
THE Association of Mineworkers & Construction Union (AMCU) was opposed to an early resumption of mining saying that concern about the economic status of...
Supply cuts may save world’s mining sector from depths plumbed during...
COMMODITY prices might not fall to the depths of the 2008 economic and financial crisis because the COVID-19 pandemic had affected supply as well...
Anglo to run AGM on May 5 with minimum quorum owing...
ANGLO American is to convene its annual general meeting with the minimum quorum of two shareholders in the wake of government restrictions due to...
Amendments affecting diesel refund scheme draws cautious approval from SA miners
RECENTLY-published draft amendments to the Customs & Excise Act may go some way to fixing problems with South Africa's diesel refund scheme, which have...