Zwane launches counter-attack saying Charter must be flexible
SOUTH African mines minister, Mosebenzi Zwane, has argued in an answering affidavit submitted to the Pretoria High Court that the Mining Charter was not...
Lonmin to sell 500koz of processing capacity, eyes R500m overhead cut
LONMIN has set out further steps aimed at turning cash flow positive after capital expenditure which includes a R500m reduction in overhead costs by...
Merafe halves debt, lifts payout, but is rapped for excess stocks
SHARES in Merafe Resources, a Johannesburg-listed ferrochrome producer in joint venture with Glencore, edged up 2.7% following strong interim results in which it halved...
Lucara drops output target 14% after mining equipment issue
LUCARA Diamonds, the Toronto-listed firm, warned shareholders that its mining contractors' lack of equipment availability in the second quarter could see full year production...
DMR will not implement licence moratorium, according to tweet
SOUTH Africa's Department of Mineral Resources (DMR) said last night it would not pursue a moratorium on new applications for mining and prospecting licences,...
Sibanye restructure takes mining sector jobs hit to 21,000 in 14...
MORE misery was heaped on South Africa's precious metals industries after Sibanye Gold announced today it would restructure its Cooke and Beatrix West operations...
Randgold targets “upper end” of 2017 production guidance
RANDGOLD Resources was on course for full-year gold production of 1.3 million ounces following a strong showing in the second quarter in which 341,316...
Zwane denies claim DMR pulled trigger on licence moratorium
SOUTH Africa's Department of Mineral Resources (DMR) has implemented a moratorium on the grant of new prospecting and mining licences, according to the Chamber...
CoAL to review scope of capital-heavy Makhado project
FUNDING and marketing risks were behind a review of Coal of Africa's (CoAL's) Makhado, a metallurgical and thermal coal project in South Africa's Limpopo...
Cash flush Glencore weighs dividend surprise, M&A options
ANALYSTS warmed to Glencore's bid for a 49% stake in Hunter Valley Operations (HVO), a coal mine in Australia's New South Wales, and also...