Brown calls time at Firestone Diamonds after tough final year
STUART Brown has called it a day at Firestone Diamonds, the Lesotho-based diamond mining firm, where he has been CEO for five years. He...
Lonmin cuts capex as net cash slides to $17m after lock-up
TROUBLED platinum producer, Lonmin, reported a decline in net cash during the six months ended March owing to a lock-up of metal following a...
Lonmin merger with Sibanye-Stillwater may be on the skids
SIBANYE-Stillwater's proposed merger with Lonmin may be on the skids, said Liberum Capital in a recent report.
According to the UK investment bank, the low...
Eastplats reports 17% escalation in Crocodile River chrome project
EASTERN Platinum (Eastplats) said a chrome tailings retreatment project at its Crocodile River mine near Brits in South Africa's North West province would cost...
Miners “very engaged” in Congo Mining Code talks: Bristow
RANDGOLD Resources CEO, Mark Bristow, said mining firms were "very engaged" in negotiations with the Democratic Republic of Congo (DRC) regarding its recently adopted Mining Code...
Implats share dive ominous for world’s No.2 platinum producer
IMPALA Platinum (Implats) fell to its lowest value since 1999, reported Bloomberg News which cited analysts' fears that the company would announce a profit...
Beleaguered Noble Group asked to prove it can bankroll Resgen
THE proposed restructuring of Noble Group was the latest concern to delay the credit approvals for Resource Generation's (Resgen's) Boikarabelo, a thermal coal project...
Randgold sticks to 2018 targets after lower output batters profit
RANDGOLD Resources doubled its dividend, as expected, and kept to 2018 production guidance of 1.3 million to 1.35 million ounces of gold following a...
SA mining needs fresh ideas to counter scourge of fatalities
IF Sibanye-Stillwater discovers management at its Driefontein operation was negligent in not evacuating employees out of a seismic-hit mining area, it must surely take action....
Lucara Diamond Q1 costs exceed guidance as pressure builds
LUCARA Diamond Corporation, a Toronto-listed company operating in Botswana, kept the dividend steady at 2.5 Canadian cents per share amid a shakier operating performance...