Lonmin confirms 1,000 jobs at risk as market pressures intensify
LONMIN confirmed it was cutting jobs in order to protect its operations against sustained low platinum group metal (PGM) prices and increasing cost pressures.
Reuters...
Pressure turned up a notch on Petra as net debt climbs...
THE pressure on Petra Diamonds' balance sheet was turned up a notch at the close of the first quarter after net debt came in...
Gold Fields stages Q3 recovery, but South Deep to miss target
GOLD Fields responded strongly to the previous quarter's operational setbacks staging a $152m positive swing in cash flow during the third quarter, and nibbling...
Analysts would prefer AngloGold divorce from SA, but is that wise?
THE purchase of the Moab Khotsong gold mine in South Africa's Vaal region for about R4bn is primarily a Harmony Gold story, but attention...
Acacia unveils blueprint for cash in teeth of Tanzania crisis
ACACIA Mining, the UK-listed Tanzanian gold producer, today unveiled a blue print for survival that does not include exporting minerals in concentrate - a...
Barrick inks 50/50 deal with Tanzania, pays $300m in goodwill
BARRICK Gold has agreed to share equally the "economic benefits" generated by the mines of its 63.9%-held listed subsidiary, Acacia Mining, with the Tanzanian...
Steenkamp styles Moab deal “a new ball game” for Harmony
FIRST on Harmony’s do-list following the handover of AngloGold’s Moab Khotsong mine in the Vaal River Region will be an analysis on how it...
Harmony to buy AngloGold’s Moab Khotsong for $300m
THE reconfiguration of AngloGold Ashanti's portfolio continued apace today with an announcement that it would sell its Moab Khotsong operations to Harmony Gold for...
South32 takes cash to $1.69bn but warns of global cost pressures
SOUTH32 took net cash to $1.67bn in the first quarter of its 2018 financial year despite an increase in working capital requirements, its buy-back...
Zwane hits out at critics saying he “… created thousands of...
EMBOLDENED by South African president Jacob Zuma's decision to retain him in cabinet, mines minister, Mosebenzi Zwane, kicked back against attempts to "... try...