Northam R3bn funding foresees ‘medium-term’ PGM opportunities
NORTHAM Platinum added further heft to its balance sheet today announcing a new R1bn revolving credit facility (RCF) which will tide it over during...
AngloGold to cut 2,000 ‘services’ jobs after shrinking SA footprint
ANGLOGOLD Ashanti is to cut as many as 2,000 jobs from the ranks of its support and services following a restructuring of its South...
Mantashe moots anti-graft mining division for SA Police Services
SOUTH African mines minister, Gwede Mantashe, wanted to explore the possibility that the mining sector could help establish a mining graft division with the...
Smart tech is Kumba’s best hope of extending Sishen Iron Ore
KUMBA Iron Ore has a two-pronged strategy to extend the current 13 years remaining for its Sishen mine in the Northern Cape: exploration and...
Gold Fields puts Salares Norte permit delay down to procedure
GOLD Fields confirmed it had received a request from authorities in Chile for further information regarding an application for an environmental authorisation permit for its...
Wescoal guides to threefold earnings lift as coal prices soar
SHARES in Wescoal Holdings gained as much as 16% in early Johannesburg trade following an earnings forecast in which it said full-year earnings would...
Fallout from $2bn India bank fraud hits Gemfields emerald sales
PALLINGHURST Resources CEO, Sean Gilbertson, blamed poor emerald sales numbers from its Zambia mine Kagem on "... the fallout of the Nirav Modi fraud"...
UK fraud probe may be “cathartic” for Glencore’s DRC exposure
SHARES in Glencore dropped 4.4% on Friday which was equivalent to an implied equity value loss of $3.6bn compared with the group’s market capitalisation...
Independence Group builds Orion stake in A$5m placement
AUSTRALIAN-based gold and base metals miner Independence Group NL (IGO), whose interests include a 30% stake in AngloGold Ashanti’s Tropicana mine, has hiked its...
Zimbabwe gives January deadline to use or lose mineral title
ZIMBABWE gold and platinum miners could lose mining titles starting in January if they do not work on them or start investing in building...