Is the tide turning for SA’s alluvial diamond miners?
INVESTORS in alluvial diamond mining firms Trans Hex and Rockwell Diamonds may well have found their investment returns as desolate as the Northern Cape’s...
Resolute to lift Syama output 25% to 250,000 oz
AUSTRALIAN-listed gold producer, Resolute Mining, has approved the $95m extension of its 80%-owned Syama gold mine in Mali which will increase production a quarter...
Expect a new mining charter in July, say lawyers
THE South African mining sector’s newly negotiated mining charter could be ready for public consumption as early as July. That’s the expectation of Peter...
Eastplats agrees $50m sale of Crocodile River to Chinese
EASTERN Platinum (Eastplats) is to sell its Crocodile River Mine (CRM) to China's Hebei Zhongheng Tianda Platinum Company (HZT) in a $50m deal that...
High flying AngloGold redeems $471m in 2020 bonds
HIGH flying after a 22% recovery in the dollar gold price this year, AngloGold Ashanti has cancelled $471m in debt through the early redemption...
Eskom promises to provide R1.8bn to Exxaro’s Matla
EXXARO Resources said Eskom would provide R1.8bn to expand the Matla mine after the mining firm reduced the cost of the proposed expansion by...
RioZim plans to become Zimbabwe’s largest gold producer
ZIMBABWEAN firm, RioZim is looking at acquisitions to lift gold output and become the largest producer of bullion in the country, a company official...
Glad puts brave face on year of pain for Keaton
KEATON Energy CEO, Mandi Glad, has tried to reassure investors that once-off impairments and liabilities, which threw Keaton Energy into a R297.3 million net...
Transnet rues economy as coal, iron ore volumes falter
TRANSNET, the state-owned logistics, transport and infrastructure business, recorded declines in export volumes of nearly all the commodities it handles including coal which fell...
UK bank forecasts rising trend for SA platinum output
GOLDMAN Sachs, the UK bank, has weighed into the debate regarding prospects for South Africa’s platinum group metal (PGM) stocks.
Whilst comments from industry participants...