Lonmin distress unsustainable after suffers $1.05bn impairment
THE full extent of Lonmin's financial distress was made plain today following the publication of its 2017 financial numbers in which it posted a...
Eskom chairman, Jabu Mabuza, in race against time
THE newly appointed board of South African state-owned power utility, Eskom, was in a race against time as it had to take steps to...
5 of Africa’s most under pressure mining bosses in 2018
RUNNING a mining company is not beer and skittles at the best of times, but there a number of industry bosses who are under...
Asanko Gold “progressing” on refinancing talks with Red Kite
SHARES in Asanko Gold made further gains on Thursday (January 18) after the ravaging of last year which saw the value of the gold...
Lonmin’s gossamer-like link with solvency for all to see
THE gossamer-like nature of Lonmin's connection with solvency was made plain again today after the platinum group metals (PGMs) company confirmed that its restructuring plans...
Shanta to ponder payouts as Zurrin sets about new focus
SHANTA Gold, the Tanzania-based gold producer, would consider returning cash to shareholders once it had met its net debt reduction targets which CEO, Eric...
China’s Aquila takes battle for Gravenhage to Constitutional Court
A CHINESE company that has spent R150m exploring for manganese in South Africa's Northern Cape, has expressed its astonishment at having to challenge a Supreme...
South32 registers strong SA manganese sales, guidance up 8%
SOUTH32 notched up a fresh sales record at its South African manganese unit where it continued to operate as the market's swing producer, but...
Eskom in battle to refinance maturing debt – report
ESKOM was struggling to refinance maturing debt which has raised questions over its ability to continue as a going concern, said BusinessLive in a...
Diversified miners BHP, Glencore still trailing metal prices
COMMODITY prices kicked on in the early days of 2018 – the Bloomberg Commodities Spot Index jumped to its highest since December 2014 on...