Wescoal guides to threefold earnings lift as coal prices soar
SHARES in Wescoal Holdings gained as much as 16% in early Johannesburg trade following an earnings forecast in which it said full-year earnings would...
Fallout from $2bn India bank fraud hits Gemfields emerald sales
PALLINGHURST Resources CEO, Sean Gilbertson, blamed poor emerald sales numbers from its Zambia mine Kagem on "... the fallout of the Nirav Modi fraud"...
UK fraud probe may be “cathartic” for Glencore’s DRC exposure
SHARES in Glencore dropped 4.4% on Friday which was equivalent to an implied equity value loss of $3.6bn compared with the group’s market capitalisation...
Independence Group builds Orion stake in A$5m placement
AUSTRALIAN-based gold and base metals miner Independence Group NL (IGO), whose interests include a 30% stake in AngloGold Ashanti’s Tropicana mine, has hiked its...
Zimbabwe gives January deadline to use or lose mineral title
ZIMBABWE gold and platinum miners could lose mining titles starting in January if they do not work on them or start investing in building...
PGMs to remain critical feature as Tharisa plots future
THARISA CFO, Michael Jones, expressed genuine surprise that his company was twice the value of Lonmin. At a market capitalisation R5bn, Tharisa has come...
Tharisa unveils first step in expansion strategy, but costs knock H1...
CHROME and platinum group metal (PGM) producer, Tharisa, paid an interim dividend of two US cents/share as promised, but the transition to an owner-operater...
Vedanta regional ambitions given definition in Africa Base Metals
VEDANTA'S Southern Africa ambitions have been given greater definition following the creation of Africa Base Metals, an entity through which its zinc and copper...
Houndé gives all-important kicker to Endeavour’s March quarter
THE newly commissioned Houndé mine in Burkina Faso made all the difference to Endeavour Mining’s March quarterly results as the successful ramp-up of operations...
DMR to roll-out legalisation of artisanal mining throughout SA
SOUTH Africa's Department of Mineral Resources (DMR) is to roll out the legalisation of artisanal mining activities beginning with an agreement between informal miners...