SA banks “drop their pencils” on Eskom coal deals
SOUTH African banking sources have said Eskom's decision not to invest in new coal expansions has made it more difficult to fund energy security.
"We...
Rio to restructure Simandou for Chinese infrastructure
RIO Tinto said it would restructure the Simandou iron ore project in Guinea to "... facilitate access to infrastructure funding from China".
The Anglo-Australian group's...
Panaf to post earnings boost after Barberton, Evander raise game
PAN African Resources (Panaf) said higher gold production and a 21.6% increase in the average rand per kilogram price of gold would take full-year...
RBPlat to start Styldrift I in 2017 citing “cautious” market optimism
ROYAL Bafokeng Platinum (RBPlat) is to press ahead with mining at its R10.5bn Styldrift project in January after delaying its commissioning last year, saying...
Merafe tipped to thrive as SA chrome supply withers
MERAFE Resources shares firmed slightly to around 90 cents on the JSE today after the release of interim results showing the ferrochrome producer had...
Lonmin yet to see restructuring boost, but sticks to 700koz target
LONMIN forecast it would meet full-year platinum sales guidance of 700,000 ounces for its 2016 financial year, but said that it had not yet...
Mining engineers ill-suited to budgets as firms urged to be savvy
AS a price taker, South Africa’s mining sector is a victim of declining commodity prices, but it’s also generally acknowledged that it’s responsible for...
Anglo “open” to coal, iron ore package deal; is on good...
ANGLO American had a good relationship with Eskom although it was "surprised" to fall under the criticism of the utility recently when it said...
Sibanye’s Froneman makes case to lead SA’s mining champion as PIC...
NEAL Froneman, CEO of Sibanye Gold, reiterated his company's interest in helping to form a South African 'mining champion', but he alluded to a...
“Don’t bet against us,” says Cutifani as Anglo enters foothills of...
ANGLO American reported a 23% decline in interim earnings of $700m, equal to 54 cents per share (2015: 70c/s) owing to continued declines in...