Former NUM boss Mantashe appointed SA mines minister
SOUTH Africa's mining sector will have a familiar figure for mines minister in the person of Gwede Mantashe following the widely expected cabinet reshuffle...
Lucara to build marketing arm as Lamb steps down as CEO
LUCARA Diamond Corporation (Lucara), the Botswana-based miner, today unveiled ambitious plans to add a marketing arm to its mining business following the purchase of...
Panaf may save jobs despite NUM 1,722 Evander job loss claim
PAN African Resources (Panaf) played down a statement issued by the National Union of Mineworkers (NUM) on Sunday that it was preparing to retrench...
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...