Rio Tinto plans to sell 46.6% stake in Simandou to Chinalco
RIO Tinto is to sell its 46.6% stake in Guinea iron ore project, Simandou, to Chinalco for between $1.1bn and $1.3bn, the Anglo-Australian group...
Amplats seals three-year, 7% wage deal with AMCU
THE danger of a strike in South Africa's platinum sector all but diminished after Anglo American Platinum (Amplats) signed a new, three-year wage agreement...
Implats to assess $260 Zimplats project in November
IMPALA Platinum (Implats) reported a one fifth leap in production in the September quarter compared to the June quarter and said it would seek...
Eastplats to raise $10m through discounted share offer
THE new owner of Eastern Platinum (Eastplats), Ka An Development Company, is to raise $10.3m in a private placement of the company's shares, according...
Sibanye earnings soar, but lowers 2016 gold output target
SIBANYE Gold downgraded its full-year gold production target following interruptions at its Driefontein mine west of Johannesburg, but said full-year share earnings would be...
Gordhan throws weight behind R58bn renewable IPP plan
FINANCE minister Pravin Gordhan threw his weight behind South Africa's renewable independent power producer (IPP) programme amid criticism, most notably by Eskom CEO, Brian...
SA’s mining bosses defend multi-million rand pay cheques
AN audience poll at the Joburg Indaba conference earlier this month found that 53.4% of those who attended – around several hundred – thought...
Pallinghurst’s Gemfields finding favour after mid-year slump
PALLINGHURST Resources CEO, Arné Frandsen, warned investors in August that it was perhaps too early to call the recovery of the commodity markets.
He may...
Kumba’s Sishen on target for 27Mt in “mixed” Q3 for Anglo
KUMBA Iron Ore was the highlight of Anglo American's third quarter production figures with the 70%-owned listed subsidiary showing signs it could meet its...
Amplats to take R750m pretax hit on Waterval smelter leak
ANGLO American Platinum (Amplats) would take a R750m hit to pretax earnings in its 2016 financial year owing to a leak at its Waterval...