Platinum mines finally taking drastic action – PwC report
Profit margins on South African platinum mines dropped to 8.5% in 2016 from 9% in 2015 remaining at levels too low to be sustainable...
Wescoal to boost annual exports to one million tons
Coal miner and trader Wescoal has finalized a series of coal supply contracts which will diversify its revenue streams and boost exports to one...
Firestone’s Lesotho diamond mine about to start production
Firestone Diamonds should start production at its Liqhobong diamond mine in Lesotho during the fourth quarter of 2016 after bringing it into operation with...
Illegal mining spiraling out of control says Chamber of Mines
Illegal gold mining – which is already worth an estimated R6bn annually – is spiraling out of control and the authorities need a co-ordinated...
Watch gold run if Donald Trump wins says Mark Bristow
The outcome of the US presidential election could provide a further boost for gold but Randgold Resources (Randgold) will achieve a position of financial...
Mark Bristow lambastes Ghana as a mining destination
Randgold Resources walked from a proposed joint venture with AngloGold Ashanti on the Obuasi mine in Ghana because of a combination of technical mining...
Coal revenue to give impetus to Oakbay’s debt raising hopes
OAKBAY Resources & Energy CFO, Trevor Scott, put a different light on his parent company’s financial difficulties saying the listed mining firm’s balance sheet...
SA gold juniors starting to stir again as gold price recovers
THE one quarter improvement in the dollar gold price this year - but only about 14% in rand terms – has brought the metal’s...
Absa to take stake in Kibo’s 300MW coal to power project
SOUTH African bank Absa is to take an equity stake in an Tanzanian coal-to-power development project which is being built by Kibo Mining, a...
Too early to call recovery, says Pallinghurst after $33m loss
Pallinghurst Resources, an investment group with interests in platinum, manganese, iron ore and coloured gemstones, said it was "too early" to call the turnaround...