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,...
Keaton considering exports after banks express Eskom concern
KEATON Energy is considering exporting coal from Moabsvelden because it might not attract finance for the R300m project if it dealt with Eskom.
Keaton already...
Rockwell in liquidation bid as audit uncovers irregular deals
ROCKWELL Diamonds has suspended operations at its Wouterspan plant in South Africa's Northern Cape following a contract dispute with a mining contractor that has...