Platinum forecast to swing to surplus in 2021 as SA mine...
DESTOCKING of platinum group metal (PGM) inventories by South African mining firms sent the platinum market into surplus of 161,000 ounces in the second...
South32 returns $344m in interim payouts on metronomic production performance
SOUTH32 continued its near metronomic returns performance producing a 17% lift in interim taxed profit of $635m and announcing a total payout to shareholders...
Exxaro to diversify into manganese, copper and bauxite as seeks to...
EXXARO Resources intends to diversify into the production of manganese, copper and bauxite with the aim of cutting its reliance on earnings from coal.
This...
Glencore defends 150Mt coal cap saying it clarifies future shape of...
GLENCORE'S decision to cap thermal and metallurgical coal production at 150 million tonnes a year was a consequence of more than two years of...
IDC confirms cash-backed offer for Foskor from international firm
SOUTH Africa's state-owned development finance institution, the Industrial Development Corporation (IDC) has received a cash-backed offer for a portion of its shares in Foskor.
TP...
Mine plans, not warring personalities, to decide Barrick, Newmont takeover tussle
THE nuts and bolts of achieving synergies in Nevada is likely to be the deciding factor in whether shareholders turn down Newmont Mining's bid...
Laudable, lofty, but is Exxaro’s breakout growth plan risking ten years...
THE last time Exxaro Resources publicised a shift in strategy it provided so little detail that investors heavily sold the firm’s shares. That was...
Zimbabwe to bring curtain down on indigenisation ownership rules for platinums
ZIMBABWE is to abandon regulations that require platinum firms to sell control of their assets to local investors, known as indigenisation, said Bloomberg News...
Petra warns of potential diamond production hit owing to underground problems...
PETRA Diamonds is maintaining its production forecast for financial 2022 at 3.1 million to 3.4 million carats from its South African mines despite problems...
Lawyer says R95.7m rehab fund for Richtersveld diamond mines insufficient
THERE are concerns that in selling three diamond properties in the Richtersveld region of South Africa’s Northern Cape, Trans Hex has not left sufficient...