Wescoal starting to reap benefits of Keaton deal, pays dividend
WESCOAL Holdings paid an interim dividend of 3.1 South African cents per share and said it was positioned for additional merger and acquisition activity...
Exxaro BEE plan squeaks through after firm makes concessions
EXXARO Resources' proposed replacement black economic empowerment (BEE) transaction was narrowly approved by a majority of shareholders today, but the group also agreed to...
Anglo’s Cutifani claims investors are wary of sector recovery
VOLATILITY in the mining sector and the speed with which commodity prices have recovered since 2016 are deterring investors from buying mining shares, said Anglo...
Glencore vows to strengthen Katanga controls amid probe
GLENCORE is to implement "structural and control changes" throughout its copper department following acknowledgement by Katanga Mining, in which it has an 86% stake,...
SA mining will lose 48,000 jobs if ‘dire’ Eskom tariff granted
UP to 48,000 jobs would be lost in South Africa's gold and platinum sector were the country's power utility, Eskom, granted a 19.9% increase...
SA coal strike averted, for now, while NUM studies new offer
A COAL strike affecting as much as half of South Africa's production may be averted after mining companies submitted new proposals scheduled to be...
Only protracted Zimbabwe crisis would disturb platinum market
THE political crisis in Zimbabwe had almost no impact on the price performance of either platinum or palladium as production of the metals from the...
ARM, Glencore assessing options on new coal-related BEE deal
THIS month the High Court heard arguments from the Chamber of Mines and the Department of Mineral Resources (DMR) ahead of a declaratory order...
Pallinghurst cuts executive team in cost reduction drive
THE departure of Palllinghurst Resources executive director and COO, Priyank Thapliyal, for Jupiter Mines where he will be CEO was "rational on all fronts"...
SA platinum miners watchful of political events in Zimbabwe
SOUTH African platinum producers operating in Zimbabwe said they were watchful of political developments following reports that armed forces had seized power in the...