Political tensions give precious metal miners pressure respite
POLITICAL ructions globally and domestically have provided respite to South Africa's precious metal producers which unveiled some 21,000 in potential job losses in June...
RBPlat could offer up to R2bn for PTM’s Maseve mine
ROYAL Bafokeng Platinum (RBPlat) could offer up to R2bn for Platinum Group Metals' (PTM's) Maseve mine, a development that may eventually require another capital...
Ivan the trader doesn’t dream about building mines
IT'S probably just coincidence and most likely doesn't stand for very much, but I thought it's interesting Glencore's board consists largely of accountants. There...
The day Anglo’s Cutifani proved his detractors wrong
AT one point during Anglo American’s interim results presentation last month, a question posed by the audience called for interaction between three of the...
Glencore thrives amid “best commodity market in six years”
GLENCORE delivered as widely expected for the six months ended June 30 declaring a $500m dividend after hauling in net debt a further $1.6bn...
Endeavour to sell Nzema for $65m, lowers output guidance
TORONTO-listed Endeavour Mining is to sell its 90% stake in its Ghanaian gold mine Nzema for $65m to BCM International, a mining and civil...
Chamber lays into Zwane for serving narrow economic interests
SOUTH Africa's Chamber of Mines responded to accusations by mines minister, Mosebenzi Zwane, that it was opposed to economic transformation, claiming the redrafted Mining...
Lonmin may buy revenue – and time – in asset sale...
LONMIN states in its announcement on August 7 that proposals to sell the rights to some 500,000 ounces of platinum group metal (PGM) processing...
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...