Holland calls time on labour-intensive mining
Nick Holland, CEO of Gold Fields, said mining companies in South African had to transform to mechanised mining methods in less than ten years.
Sibanye trims gold forecast for 2015
Sibanye Gold said operations had improved during the year after earlier disruptions, but it was nonetheless unable to avoid a cut in total production.
Kumba unlikely to reinstate dividend
Kumba Iron Ore was unlikely to pay dividends with cash flow generation a major struggle throughout 2016, said Goldman Sachs.
Shanta upbeat on gold production lift
Shanta Gold, said it was confident of taking gold production to 85,000 ounces/year over the next five years whilst it sought new exploration targets.
Eastern Platinum sale may be at risk
An apparent bust-up between shareholders in Chinese group Hebei Zhongbo Platinum has thrown a question mark over the purchase of Eastern Platinum.
South32 cuts SA aluminium output
South32 has cut back on aluminium production as well as ferromanganese output as it focusses on improving its financial performance.
De Beers cuts 2015 production forecast again
De Beers chopped diamond production sharply in the third quarter and has dropped its total production forecast for 2015 to 29 million carats.
Lonmin announces radical restructuring and fund raising plans
Beleaguered miner plans to raise around $770-million in debt and equities while closing shafts and
shedding around 6000 jobs in an effort to cut costs.
JP Morgan “encouraged” by Lonmin plans
Lonmin shares stayed in positive territory in trading on the JSE today as investors digested the new business plan and funding strategy.
Bristow on gold, retirement, and living to work
Mark Bristow runs one of the world's most successful gold companies in Randgold Resources, but the sector in which it operates is broken, he says.