Glasenberg backs SA’s Ramaphosa to “be a good president”
IVAN Glasenberg, CEO of Glencore, expressed confidence in the newly appointed South African president, and former business partner, Cyril Ramaphosa, saying he would be...
Zwane no-show sets him up for formal state capture inquiry
SOUTH African mines minister, Mosebenzi Zwane, failed for a fourth time to appear before a portfolio committee meeting in Parliament today laying the ground...
Glencore may “top up” $2.9bn payout as cash flies into coffers
GLENCORE raised the prospect it could 'top-up' its recommended 20 US cents per share dividend distribution - a payout that beat consensus by more than...
Costs to rise for Lucara in 2018 as it seeks new...
LUCARA Diamond Corporation forecast lower revenue and higher cash costs for its current (2018) financial year as it trawled through increased waste in order...
‘Half-glass empty’ AngloGold boss asks analysts for “a chance”
ANGLOGOLD Ashanti collected a bit of flak from some analysts today for its decision to allocate $500m to the redevelopment of Ghana's Obuasi underground...
How Griffith made Amplats fit the new Anglo American formula
COMMENTING in the firm's 2017 annual review, Anglo American Platinum (Amplats) CEO, Chris Griffith, described the company as "a fundamentally different business". There's no...
AngloGold sanctions $500m spend to reopen Ghana’s Obuasi
ANGLOGOLD Ashanti is to spend up to $500m reopening its Ghana mine Obuasi which will eventually ramp up to 450,000 ounces/year, effectively replacing the...
Ramaphosa personally intervened in Charter court postponement
SOUTH Africa's Chamber of Mines chose to postpone the High Court review of the Mining Charter because it wanted to negotiate with the Department...
Amplats pays R900m dividend as five-year strategy bears fruit
ANGLO American Platinum (Amplats) placed the cherry atop its painful five-year restructuring strategy by paying a R900m dividend - equal to R3.49/share - a...
Acacia exploring “expressions of interest from Chinese”
ACACIA Mining, the gold firm in which Barrick Gold has a 64.9% stake, on Friday confirmed media speculation it was considering a sale of...