Gold Fields targets 30% output lift at South Deep
Gold Fields is relying on its struggling South Deep mine in South Africa to do more of the heavy-lifting in 2016 as output from its other regions falls.
CoAL edges to Universal deal but rancour lingers
Coal of Africa is expected to progress its bid for Universal Coal but questions about the union - posed by a rival bidder - have been met with a spirited defence.
Optimism grows for extended gold price hike
Geopolitical risk and interest rate decreases mean gold is back in the news, but unlike previous rallies in 2014 and 2015, this one looks like it could be sustained.
Quiet descends on SA coal export growth plans
Plans by South Africa to expand coal export handling facilities are on the back-burner as the international market offers little to no incentive.
Anglo to quit iron ore, coal in $4bn sale plan
The UK group adds Kumba and its South African coal mines to non-core assets in a $4bn disposal plan aimed at taking net debt down to less than $10bn this year.
Kumba spin-out is Anglo’s ‘base case’ option
Mark Cutifani, CEO of Anglo American, said the unbundling of its 69% stake in Kumba Iron Ore was the base case option the group was currently studying.
DRDGold enters era of “aggressive” returns
DRDGold CEO, Niel Pretorius, promised shareholders there was more to come from the gold retreatment firm at current rand gold prices.
Harmony Gold unveils $2.6bn Golpu giant
Harmony said the first stage of its Golpu project would produce 500,000 gold equivalent ounces at peak production and cost $2.5bn to build on an 100% basis.
Anglo’s SA coal mines tough to get away
Anglo American has long stated it wants to sell its Eskom dedicated coal mines, but the transactions may be complex and not major money spinners.
ARM buys R650m in shares to refinance BEE
African Rainbow Minerals will use precious cash to protect the financial position of its empowerment partner, ARM BBEE.