Cash-leaking Lonmin desperately “pulling every last lever”
RED flags are being raised over Lonmin’s ability to avoid leaking cash notwithstanding a restructuring in which 6,000 jobs – about 15% of its...
Amplats may get 30% earnings boost as chrome price soars
SHARES in South African platinum companies were punished from August last year after it became apparent the dollar price of platinum wasn’t going to...
Anglo soapie Makarapa City seeks to tap community mind
FIFI has just been on the phone to her daughter, Lala, who’s wished her mother a happy wedding anniversary. But she can’t talk long:...
Zuma to resuscitate state-owned mining bill this year
PARTICIPATION of the South African state in its mining industry would be strengthened with a bill that would create a standalone government-owned mining company...
Ghana wins back investors as $500m pledged to gold sector
MARK Bristow is unlikely to return to Obuasi, the Ghanaian gold mine he has twice stalked in the past 20 years before declining to...
Kumba de-risked as transfers Thabazimbi to ArcelorMittal SA
KUMBA Iron Ore continued its rehabilitation, quite possibly in preparation for its demerger, announcing today its 76%-owned subsidiary, Sishen Iron Ore Company (SIOC), had...
Harmony confident 400,000 oz/y growth within its capability
HARMONY Gold was confident it could add about 400,000 ounces in new annual production through corporate action with one potential transaction being actively pursued.
"We...
New technology tipped to save 200,000 SA mining jobs by 2025
INVESTING in technology that extended reserve and resource life could save some 200,000 jobs that might be lost by 2025 in South Africa's mining...
Mining Charter’s day in High Court snared by technicalities
SOUTH Africa’s High Court has reserved judgement on an application by mining lawyer Hulme Scholes to have the country’s Mining Charter declared invalid, but...
Rigid, reductive, restrictive BEE must end, says Exxaro’s Mgojo
EXXARO Resources CEO, Mxolisi Mgojo, has called for a different approach to black economic empowerment (BEE) in which a more flexible measure of assessing...