Resolute in ‘best position’ for years as net cash grows
RESOLUTE Mining, a gold mining firm operating in West Africa, was in its "strongest position for several years" having built net cash reserves of...
Gem Diamond lifts sales guidance despite turgid market
GEM Diamonds increased production guidance for its 2024 financial year to between 98,000 and 101,000 carats while sales increased to a forecast 100,000 to...
Kumba gives nod to UHDMS in R7.6bn commissioning plan
KUMBA Iron Ore has approved R7.6bn for the commissioning of UHDMS technology at its Sishen mine that will improve yield and potentially lengthen the...
Implats CEO “anxious” for US rate cut as PGM prices languish
IMPALA Platinum (Implats) CEO Nico Muller said he was "anxiously waiting" on a US interest rate cut as it would be a boost to...
South32 backs future with $200m share repurchase plan
SOUTH32 CEO Graham Kerr says the company is well-positioned after its full-year financial results beat market expectations.
For the 12 months to June 30, the...
Chinese firm buys control of MC Mining for R1.6bn
A CHINESE firm listed in Hong Kong has bought control of South African thermal and metallurgical coal development firm MC Mining.
The $90m (R1.6bn) deal...
Lucara discovery to bring glitz back to battered diamonds
THE discovery of a 2,492 carat diamond at Lucara's Karowe mine in Botswana this month could give fresh impetus to the battered diamond market.
Diamond...
Russia’s Nornickel examining latest US sanctions
NORNICKEL, the world's largest producer of palladium, said it was examining the implications of new US sanctions on its subsidiaries, according to a report...
Perseus caps all-action year with A$100m share buy-back
PERSEUS Mining capped a strong, high activity performance for its 2024 financial year by announcing a A$100m share buy-back programme.
Jeff Quartermaine, MD and CEO...
Saudi’s rise in mining is breathtaking, and problematic
L ong the world's largest producer of oil, Saudi Arabia now seeks to unlock a treasure trove of minerals beneath its sands while using...