Transnet rues economy as coal, iron ore volumes falter
TRANSNET, the state-owned logistics, transport and infrastructure business, recorded declines in export volumes of nearly all the commodities it handles including coal which fell...
UK bank forecasts rising trend for SA platinum output
GOLDMAN Sachs, the UK bank, has weighed into the debate regarding prospects for South Africa’s platinum group metal (PGM) stocks.
Whilst comments from industry participants...
Anglo leads way down as JSE shudders amid Brexit vote
SHARES in Anglo American shed nearly 13% in the first hour of trade on the Johannesburg Stock Exchange as markets absorbed the surprising news...
‘CEO overhang’ adds layer of uncertainty to Implats
THE proposed resignation of CEO, Terence Goodlace, effective from December, has placed another layer of uncertainty on Impala Platinum (Implats).
The company is faced with...
Keaton to re-scope project amid heavy write-downs
JOHANNESBURG-listed Keaton Energy is to post earnings and headline earnings losses for its 2016 financial year owing to two non-cash items including a R61.5m...
Zimbabwe’s HCC to cut 1,000 jobs as capital runs short
CAPITAL constraints will force Zimbabwe's Hwange Colliery Company (HCC) into reducing staff numbers by a third despite government efforts to boost the firm's productive...
Miners fight Govt as Zimbabwean expropriations begin
ON May 30, Kuda Mahobele, acting MD of Zimbabwean chrome producer ZimAlloys, took receipt of an unusual parcel. The contents of the parcel, a...
Barrick may drive gold consolidation as market looks up
ACTIVITY among West Africa's junior gold producers continues to tick along with interesting news flow this week that has seen two successful capital raisings...
SA Govt likely to miss year-end MPRDA deadline
THE South African government would struggle to meet a self-imposed year-end deadline for the promulgation of the Minerals & Petroleum Resources Development Amendment Bill...
Amplats interim earnings to be at least 20% lower
ANGLO American Platinum (Amplats) said its interim headline earnings and headline earnings per share would be at least a fifth lower partly owing to...