Riversdale in offtake deal for Benga coal
Riversdale Mining says it has entered into an offtake agreement with trader Trafigura for thermal coal from its Benga coal mine in Mozambique.
Golden Star to halt production for 24 hours at Prestea mine...
GOLDEN Star suspended production at its Prestea gold mine in Ghana today following a fatal accident at the mine on Wednesday (March 24).
The incident...
Caledonia announces third dividend increase as gold price fosters long-term confidence
CALEDONIA Mining approved its third dividend increase of the past 12 months, announcing today it would pay out 10 US cents per share owing...
AMCU’s Mathunjwa a pall over Sibanye-Stillwater despite “prudent” R1.7bn share deal
SHARES in Sibanye-Stillwater were under pressure today following a company announcement it had raised R1.7bn by means of a share placement - cash it would...
Platinum mines may run short of water in 2016
Consulting engineering company, SRK, raised the risk that South Africa's platinum firms may start to run short of water next year if the country's drought persisted.
De Beers posts lower third cycle sales as Covid-19 disruption serves...
DE Beers reported third cycle rough diamond sales of $440m - a one fifth decline on second cycle sales - and said a fresh...
Petra Diamonds cuts two-year forecast owing to closure and suspension of...
PETRA Diamonds today downgraded production for the next two financial years partly owing to a widely expected decision to shut its 130-year old Koffiefontein,...
Floods push coal price to one-year high
Fresh flooding in top global exporter Australia has added a further $10 to coal prices, driving thermal coal to a year high.
Dividend bonanza for BHP backers
BHP Billiton has appeased shareholders who are looking for a slice of the diversified miner’s record cash flows, rebasing its final dividend by 22%, paying out 55 US cents per share.
Mozambique coal boom caught UN off guard
The emergence of Mozambique's Tete province as the epicentre of coking coal exploration had left the local economy short, said the UN which acknowledged it had been caught off guard.