Pan African cuts payout after year of production headaches
PAN African Resources (Pan African) cut the final dividend 62% to R185m following a difficult operational year characterised by hindrances and vexations which resulted...
Sibanye seals $450m bond issue in last leg of Stillwater deal
SIBANYE-Stillwater is to issue $450m in convertible bonds on September 26 following a successful book-build which will see the precious metal miner apply the finishing...
Labour tensions rise as SA mining takes job cuts through 23,000
THERE'S been a rise in tensions among South Africa's mining unions, and its labour in general, this month following volatility at the Kimberley mines...
Labour disruption flares up at Petra’s Finsch, Ekapa mines
PRODUCTION at Petra Diamonds' Finsch and Kimberley Ekapa Mining Joint Venture operations in South Africa's Northern Cape province has been interrupted by labour disruptions...
2,500 jobs at risk as Implats begins Rustenburg restructure
AT least 2,500 employees of Impala Platinum's (Implats') Impala Rustenburg may be affected after the firm unveiled the first of possibly several waves of restructuring aimed...
Petra set to struggle to meet covenant with Williamson crocked
SHARES in Petra Diamonds fell 8% during morning trade in London after the company acknowledged that the suspension of its Williamson mine would put...
Rockwell puzzled by liquidation move as sale in the pipeline
ROCKWELL Diamonds said it was puzzled by a decision to return its subsidiaries to provisional liquidation as it had received an offer in excess...
AngloGold may save Kopanang after signing sale memorandum
ANGLOGOLD Ashanti may save its loss-making Kopanang, a gold mine west of Johannesburg, from closure after signing a memorandum of understanding (MoU) with an...
Pan African content with surface to underground gold mix
A TOUGH operational year that saw gold production by Pan African Resources (Panaf) retreat by 4.4% to 173 000 oz has seemingly driven a...
First Quantum agrees power levy with Zambia, retains output guidance
FIRST Quantum Minerals (First Quantum) said it was on course to meet quarterly production guidance from its Zambian operations Kansanshi and Sentinel after reaching...