‘CEO overhang’ adds layer of uncertainty to Implats
THE proposed resignation of CEO, Terence Goodlace, effective from December, has placed another layer of uncertainty on Impala Platinum (Implats).
The company is faced with...
Keaton to re-scope project amid heavy write-downs
JOHANNESBURG-listed Keaton Energy is to post earnings and headline earnings losses for its 2016 financial year owing to two non-cash items including a R61.5m...
Zimbabwe’s HCC to cut 1,000 jobs as capital runs short
CAPITAL constraints will force Zimbabwe's Hwange Colliery Company (HCC) into reducing staff numbers by a third despite government efforts to boost the firm's productive...
Miners fight Govt as Zimbabwean expropriations begin
ON May 30, Kuda Mahobele, acting MD of Zimbabwean chrome producer ZimAlloys, took receipt of an unusual parcel. The contents of the parcel, a...
Barrick may drive gold consolidation as market looks up
ACTIVITY among West Africa's junior gold producers continues to tick along with interesting news flow this week that has seen two successful capital raisings...
SA Govt likely to miss year-end MPRDA deadline
THE South African government would struggle to meet a self-imposed year-end deadline for the promulgation of the Minerals & Petroleum Resources Development Amendment Bill...
Amplats interim earnings to be at least 20% lower
ANGLO American Platinum (Amplats) said its interim headline earnings and headline earnings per share would be at least a fifth lower partly owing to...
Coal miners say Eskom contract changes unworkable
SOUTH African coal mining executives said proposals by Eskom aimed at ensuring the quality of coal it consumes would make it more difficult to...
Kenmare surges as investors rally support for $368m deleverage
SHARES in UK-listed mineral sands producer, Kenmare Resources, surged a fifth as it edged closer to an overhaul of its balance sheet which will...
Metals price correction typifies lower for longer market
THE annual mining survey produced by consulting firm, PwC – ‘Mine2015’ - shows just what a kicking the world’s mining sector has received. Based...