PIC suspends Fidelis Madavo amid questions of R4.3bn investment in Ayo...
FORMER mining analyst and the current head of listed investments at the Public Investment Corporation (PIC), Fidelis Madavo, has been suspended by the government-owned...
Quartermaine deems timely Q1 start critical for Perseus Mining’s $264m Yaouré
PERSEUS Mining MD, Jeff Quartermaine, said it was crucial the company began "full scale" development of its third mine, the $264m Côte d’Ivoire project, Yaouré,...
Secondary strike at Sibanye-Stillwater platinum mines may not be widely supported
SIBANYE-Stillwater raised the possibility that support for a secondary strike at its platinum mines may not be well supported, but it also cautioned that...
Fourteen Rwandan miners killed after hill at tin mine collapses
FOURTEEN miners were killed after a hill collapsed on them following heavy rains at the premises of a tin mine in Rwanda, said Reuters.
The...
Universal Coal on track for annualised output of 8.5Mt after starting...
UNIVERSAL Coal, the Australian-listed coal producer that operates in South Africa's Mpumalanga province, expected to achieve annualised coal production of 8.5 million tonnes (Mt/y)...
Randgold blames 2018 production undershoot on week-long Loulo-Gounkoto strike
RANDGOLD Resources slightly under-shot its full year production guidance of between 1.3 to 1.35 million ounces for 2018 with gold output coming in at...
SA’s National Treasury turns down crisis-hit Zimbabwe request for $1.2bn loan
SOUTH Africa declined Zimbabwe’s request to borrow $1.2bn (about R16bn), said Fin24 which republished a Bloomberg News article.
The country made the request for a...
AngloGold Ashanti better served by leaving South Africa, say analysts
ANGLOGOLD Ashanti ought to sell its last remaining mine in South Africa as it would remain high cost and could not compete for capital,...
MOD rejects $63m Sandfire all-paper bid, but keeps door open for...
MOD Resources has rejected a $63m all-share takeover offer from Sandfire Resources, saying it undervalued the firm and that it had sufficient capital to...
Implats unaffected by Zimbabwe’s #Shutdown protest action
IMPALA Platinum's (Implats') mines in Zimbabwe were unaffected by the #Shutdown protest action that rocked Zimbabwe and disrupted economic activity last week, said Business Report which...