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...
Anglo American production meets targets, share price drops
Anglo American’s first quarter production figures, which reflected its restructuring and were in line with previous guidance, did not sit well with investors, and...
Tax charge takes shine off Acacia output lift
Tanzanian gold miner Acacia Mining’s ongoing dispute with tax authorities has seen it make a $70m provision and agree to make forward payments to...
Exxaro to cut jobs amid restructure
EXXARO Resources has confirmed union reports that it is planning job cuts.
Exxaro said these form part of a group restructure to improve productivity and...
Anglo confirms long-standing CFO Medori to quit
ANGLO American’s finance director, René Médori, will retire when he turns 60 in 2017.
Médori, who has been in his position since 2005, is one...