Glencore revises 2017 output lower, but share tipped to re-rate
GLENCORE guided to slightly lower production across most of its commodities for the 2017 financial year, but analysts continued to back the company with...
Anglo reinstalls dividend with 48 US c payout after halving net...
ANGLO American cemented its recovery after a sometimes excruciating two-year restructuring exercise by resuming the dividend and installing a policy of paying out 40%...
Zwane declares DMR “reasonable” after approving Lonmin deal
SOUTH African mines minister, Mosebenzi Zwane, sought to cast his Department of Mineral Resources (DMR) in positive light after months of bad press, describing...
Amplats exempt from supplying Zimbabwe’s Kell smelter
ANGLO American Platinum (Amplats) will complete construction of smelting facilities in Zimbabwe despite a pact between the government and Pallinghurst Resources that obliges platinum...
Chamber lodges second interdict after Zwane refuses to blink
THE South African government's latest mining regulatory shock is to make a wholly unsurprising appearance in court after the Chamber of Mines filed an urgent application...
Hopes high for Anglo dividend restart as Kumba pays out R5.1bn
KUMBA Iron Ore, the Johannesburg-listed firm in which Anglo American has a 70% stake, is to pay a R5.1bn interim dividend following a 23%...
Earthquake breaks water fissure seal at GEM’s Ghagoo mine
AN earthquake that had its epicentre some 25km from GEM Diamonds' Ghaghoo, a diamond mine in Botswana the UK-listed group put into mothballs, caused...
Acacia shares plummet 20% as Tanzania lodges $190bn claim
ACACIA Mining owed the Tanzanian government $190bn related to alleged under-declaration of concentrate exports between 2000 and 2017, according to notices of adjusted assessment...
Amplats’ asset disposals should be unaffected by latest DMR move
The government notice published on July 18 aimed at prohibiting the change of control of existing mining and prospecting rights should not affect the final...
Petra pins cash flow positive hopes on better gem mix in...
PETRA Diamonds forecast production in its 2018 financial year of between 4.8 to five million carats despite under shooting in the year under review...