Eskom coal woes intensify as NUM calls Koornfontein strike
THE coal supply concerns of South African state-owned power utility, Eskom, intensified today after the National Union of Mineworkers (NUM) said its members would embark on...
Northam moves into net debt of R1.7bn as drives expansion
CASH burn at platinum firm, Northam Platinum, accelerated in the six months ended December taking it into a net debt position of some R1.7bn...
Cutifani agrees with Anglo board to stay on for indefinite period
MARK Cutifani, CEO of Anglo American, has agreed with the board to stay on at the company he joined five years ago in April.
"I...
Palladium to help drive Sibanye-Stillwater debt reduction effort
AS Sibanye-Stillwater's growth-by-acquisition strategy enters a period of hiatus focus has fallen on its efforts to deleverage the balance sheet, and consolidate its gold and...
Froneman warns Lonmin deal is off should it fail cost out...
NEAL Froneman warned Ben Magara's Lonmin that failing to deliver on the platinum firm's restructuring plans would see the withdrawal of Sibanye-Stillwater's R5.1bn all...
Cutifani calls Anglo’s best payout in 10 years a culmination of...
ANGLO American halved debt and paid a handsome second half dividend for its 2017 financial year - its largest in 10 years - in...
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...