Glencore rehabilitation complete as unveils $1bn dividend
GLENCORE gave notice of its rehabilitation following a tumultuous 2015/16 saying it would pay a dividend of $1bn in two halves during its 2017...
Anglo concludes sale of Exxaro Resources stake for R3bn
ANGLO American confirmed it had sold its 9.7% stake in Exxaro Resources for R3bn ($215m) or some R87/share representing a 10% discount to Exxaro's...
Lucara Diamond Corp. to lift dividend 66% in 2017
LUCARA Diamond Corporation, a Toronto-listed firm that mines from Botswana's Kaorwe mine, said it would increase its annual dividend to 10 Canadian cents per...
Amplats makes progress but Bokoni is unfinished business
ANGLO American Platinum (Amplats) has enjoyed a relatively successful second half of 2016 making strides in its portfolio restructuring and signing a wage agreement...
Anglo to sell 9.7% in Exxaro, will drive funds into debt...
ANGLO American is to sell its entire 9.7% direct stake in Exxaro Resources by means of an accelerated book-build to institutional investors, the UK-listed...
PTM impairs Maseve, fires contractor, but looks to better 2017
PLATINUM Group Metals (PTM) reported a less than smooth start to its Maeseve mine in its 2016 financial year impairing the asset for $41.4m...
Northam’s Dunne adds voice to SA mining distress call
PAUL Dunne, CEO of Northam Platinum, added his voice to industry concerns regarding the condition of South Africa's mining sector saying investors were "getting...
Tharisa promises “considerable” cash growth after maiden payout
CHROME and platinum group metal (PGM) mining firm, Tharisa, is to pay a maiden dividend of 1 US cent per share and said it...
Despite its best efforts, Lonmin remains a company in distress
LONMIN, the Johannesburg-listed platinum producer, ended its 2016 financial year in a far better position than it began with net cash increasing to $173m,...
Congo election postponement not a threat to Ivanhoe projects
A DELAY in elections in the Democratic Republic of Congo (DRC) did not pose a threat to agreements signed between it and Ivanhoe Mines,...