DRDGold flies after surprise third quarter 38c payout
SHARES in DRDGold were up nearly 12% in early trade on the Johannesburg Stock Exchange after the company paid out a third quarter dividend...
Debt cut, China property sow seeds of market recovery
IT’S perhaps a sign of the confused state of the mining market that two prominent brokerages don’t agree on the meaning of the recovery...
Anglo sells niobium, phosphate assets for $1.5bn
ANGLO American is to sell its niobium and phosphates assets in Brazil for $1.5bn to China Molybdenum Company, a sum that could see the...
Molefe says Eskom wants to chase down mines
ESKOM plans to pursue the coal mines which benefited from state capital expenditure and the cost plus model, said Brian Molefe, CEO of the...
Petra’s Dippenaar tempers “good feeling” on diamond market
SHARES in Petra Diamonds fell nearly 12% despite CEO Johan Dippenaar's generally bullish appraisal of the diamond market over the medium term and an...
Implats shows signs of recovery after Shaft 14 fire
IMPALA Platinum (Implats) kept full-year production guidance at 1.42 million refined platinum ounces following third quarter output figures in which Zimplats shined, albeit it...
Draft charter to figure in Zwane meeting on April 26
SOUTH Africa's Chamber of Mines (CoM) will meet with mines minister, Mosebenzi Zwane on April 26 (tomorrow) in which the draft of a new...
Sibanye cash generating power priced in, say analysts
SIBANYE Gold doubled revenue in the March quarter year-on-year to R6.7bn and cut net debt by more than half owing to an increase in...
Anglo restructure value neutral as sacrifices $2bn in earnings
THE first quarter of 2016 is now over and the signs are that Anglo American is moving with greater urgency in respect of plans...
South32 sheds its debt and slashes costs
South32 exceeded expectations in the quarter to end-March, which it ended in a cash positive position.
Graham Kerr, South32’s CEO, said the strong balance...