“We won’t buy any more gold assets”: Froneman
Neal Froneman, CEO of Sibanye Gold, said cross-boundary asset swaps ought to be replaced by meaningful consolidation creating a South African gold champion.
Miners in spin as DMR discounts pre-2004 BEE
The South African government has put its mining sector into a panic by seemingly wanting to discount empowerment deals concluded before May 1, 2004.
Gold Fields’ Muller says South Deep ‘dysfunctional’
Newly appointed VP of South Deep, Nico Muller, delivered a withering appraisal of South Deep's management and engineering track-record.
Jury out on platinum market surge in 2015
The theory is that the platinum market will recover during the course of this year - a view which has its followers and detractors.
Acacia targets higher dividend for 2015
Acacia Mining unveiled a 40% increase in its total dividend for the 2014 financial year and said the payout may be increased this year as a percentage of cash flow.
Global mining sector resigned to year of hardship
There's no escaping 2015 for the world's mining industry with financial hardship, belt-tightening, and investor scepticism is likely to dominate, analysts say.
Anglo may sell Eskom thermal coal business
Anglo American CEO, Mark Cutifani, said the group was considering selling all or part of its thermal coal business which was considered to be non-core.
SA to have nuclear power by 2023
South Africa would add fresh nuclear power capacity to the country's national grid by 2023 in time to replace the retirement of coal-fired power owned by Eskom.
Glencore divests of Lonmin, cuts $1bn in capex
Glencore is to unbundle its 23.9% stake in Lonmin to shareholders but said the distribution was not a dividend replacement.
Sibanye halts Beatrix as NUM, AMCU clash
In an ominous turn of events, nine employees were injured at Sibanye Gold's Beatrix mine after rival union members clashed.