Job cuts at AngloGold SA mines crucial precursor to reinvestment
THE viability of its current operation as well as several projects that would extend the lives of its South African mines partly rested on...
Lonmin’s Magara frets over irreparable damage of PGM slump
PLATINUM consumers do not believe the dire warnings over a future supply crunch in the metal being sounded by the South African platinum miners...
Steel markets too volatile for IDC’s $5bn homegrown steel mill
THE Industrial Development Corporation's (IDC's) plan for a homegrown steel mill has been put on the backburner with the state-owned company saying its feasibility...
Acacia ‘has potential’ to beat dividend policy after strong year
ACACIA Mining said strong cash generation in its 2016 financial year, and the absence of pressing capital expenditure at its Tanzania mines, would be...
South32 “strengthens” cash, lifts SA manganese output
SOUTH32 lifted the prospect of building on its debut dividend last year after the Perth-based firm's CEO, Graham Kerr, said it had "strengthened" its...
Sibanye clears anti-trust condition as ‘first step’ in Stillwater bid
NEAL Froneman, CEO of Sibanye Gold, described approval of US anti-trust conditions as "an important first step" in its audacious R30bn takeover of Stillwater...
Keaton left tapping fingers on Vaalkrantz ministerial consent
KEATON Energy CEO, Mandi Glad, expressed her disappointment with the time it was taking to win ministerial consent for the sale of the firm's...
Rockwell pins hopes on $8m business restructure amid Q3 loss
ROCKWELL Diamonds posted a $5.5m net loss for the third quarter (2016: -$10.5m), but said a $8m spending plan, approved by the board on...
Harmony on course to beat 1.05m oz gold output target
HARMONY Gold was on course to exceed full-year guidance of 1.05 million ounces in gold production after announcing it had produced 8% more gold...
Kenmare to top 1 million tonne output, mulls capacity lift
KENMARE Resources said prospects for its 2017 financial year would be far improved owing to higher production at its Moma mine in Mozambique, as...