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Tharisa outperforms adjusted 2020 guidance, says rhodium exposure will help growth

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THARISA brought its 2020 financial year to a strong close, the constraints of the Covid-19 pandemic in the third and final quarters notwithstanding. Platinum group...

Lonmin’s Karee faces lengthy standstill

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Production at Lonmin’s Karee shaft could still be disrupted for several weeks as the company starts to dismiss 9,000 workers involved in an unprotected strike.

Xstrata to exploit ferrochrome deficit

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Xstrata is set to gain further from the global ferrochrome shortage, which is expected to worsen as producers struggle to meet demand from emerging economies.

Blackrock joins banks to buy and close coal plants in Asia

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SOME of the world's largest financial institutions including Blackrock and Citigroup are planning to buy coal-fired plants in Asia and operate them in such...

Eskom suspends CEO, launches 3-month inquiry

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Eskom said it would launch an independent inquiry that required top management to step aside whilst it interrogated financial, primary energy and project activities.

Nedbank, RMB part of $375m deal with De Beers for world’s...

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FIVE African commercial banks have partnered in a $375m financing deal to build a new diamond mining vessel for a subsidiary of Anglo American’s...

Tough times for PGM miners, despite outlook

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Platinum is the sector of South Africa’s mining industry generally held to have the best-looking future. But you wouldn’t know that judging by recent developments.

SA Govt’s energy crisis committee targets major cut in IPP redtape

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THE South African government is hoping to radically cut wait times of up to 1,000 days for new independent power producer (IPP) projects, said...

Village Main’s Buffels spared the axe

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Village Main Reef’s Buffelsfontein mine will stay in business, with the higher gold price and improved production offering the mine lifeline, for now.

First Uranium on the ropes

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First Uranium was against the ropes and any further operational slippage "brings the canvas into view" according to RBC Capital Markets analyst Leon Esterhuizen.