De Beers sacrifices 7.5% of sales for 10-year Namibia deal
THE newly signed 10-year marketing agreement between De Beers and Namibia removed uncertainty for the Anglo American diamond producer but it ran the risk...
Lonmin advances, but Magara warns of testing wage talks
PLATINUM firm Lonmin's share price rose almost 15% in morning trade after it convinced investors it had kept its promise to restructure, cut costs,...
Platinum stockpiles to fall 19% to 2 million oz in 2016
PLATINUM stockpiles were forecast to fall a hefty 19% to about two million ounces this year as newly refined supply fell and investment demand...
Slide in SA mining output a jolt to the senses
THE surprisingly large decline in mining production in March partly reflects low commodity prices but also indicates that South Africa’s mining industry is winding...
Court gives green light for mass silicosis claims
SOUTH Africa’s South Gauteng High Court has granted current and former mineworkers permission to proceed with a class action for damages against mining companies...
Platinum shares forecast to ease further as realism dawns
THE rally in platinum producers Anglo American Platinum (Amplats), Impala Platinum (Implats), and Lonmin has been nothing short of impressive this year. The obvious...
Eskom’s Molefe bets on power surplus in “a few years”
SOUTH African power utility, Eskom, said it would have sufficient excess capacity to make additional revenue from electricity exports within a few years and...
Gold miners net cash by 2018 as Goldmans ups price deck
ANALYSTS are throwing their weight behind a stronger gold market in the medium term with Goldman Sachs upgrading its dollar gold price deck by...
Who stands to hurt most if ‘new’ mining charter prevails?
SIBANYE Gold is one of the companies thought to be most at risk by the South African government’s surprise ‘third’ mining charter, a document...
WPIC bar, coin JV to grow platinum demand 100koz
THE World Platinum Investment Council (WPIC) and Swiss metal refiner, Valcambi, have signed an agreement to sell platinum bar and coins, primarily in the...