IDC given Jan 30 deadline to save DiamondCorp’s Lace mine
DIAMONDCORP has until January 30 to avoid going into administration which is the date given to one of its largest lenders, the Industrial Development...
PAMDC to appeal High Court’s prospecting right award to Aquila
PAN African Mineral Development Company (PAMDC) is to appeal a High Court decision which granted prospecting rights in the Northern Cape to Aquila Steel...
Kumba earnings lift to raise hopes for dividend reinstatement
HIGHER iron ore prices will ease Kumba Iron Ore to a full-year headline earnings increase of up to 132% year-on-year - a performance that...
Koko warns Anglo, Exxaro no restructuring without Eskom input
ESKOM interim CEO, Matshela Koko, took a hard line stance with coal suppliers Exxaro Resources and Anglo American saying at the utility's quarter update...
PTM to raise $25m for Maseve in latest bought deal
PLATINUM Group Metals (PTM), the Toronto-listed platinum development firm and producer, is to issue shares that will raise $25m which it will use to...
Nedbank warns DMR discretion opens the door to ‘lawfare’
NEDBANK Capital's Paul Miller may have just hit the nail on the head with respect to the risk attached to new investment in South...
Endeavour’s gold output guided up to 10% higher in 2017
ENDEAVOUR Mining will produce up to 640,000 ounces of gold in its 2017 financial year while all-in sustaining costs (AISC) would be $860-905 per...
Petra insists challenging illegal mining not an output threat
DEALING with the illegal miners operating on surface on mining rights belonging to Petra Diamond’s Kimberley Ekapa Mining (KEM) joint venture "... remains...
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...