Cash flush Kumba gives some relief to Anglo
A strong performance from new mine Kolomela helped Kumba Iron Ore mitigate a weaker iron ore price and generate enough cash to wipe out net debt.
Backwardation expresses gold price volatility
Gold dabbled in backwardation earlier this month, a rare event that underlines how difficult it is becoming to guess at the metal's next move.
RBPlats to shut mill for ‘two to three weeks’
Royal Bafokeng Platinum said R4.5m in repairs to a concentrator at its Bafokeng-Rasimone mine would see ore stockpiled for three to four weeks.
Amplats suspends dividend as debt grows 30%
UPDATED - The sheer cost of sustaining mines that can't make money saw Amplats debt grow to R13.2bn making restructuring an urgency.
Amplats says balance sheet under control
A slew of extraordinary costs, and with high capital demands over the coming years, Amplats fends off questions that it is losing control over its debt.
Village hails protest end, suffers R10m hit
The framework agreement registered an early success at Village Main in bringing a protest to an end, but the firm's gold division suffered a R10.5m revenue loss.
NewPlat barely dents metal inventories
Demand for the platinum-backed exchange traded product, NewPlat, is unstinting but what does that say for above ground inventories of the metal?
Gordhan lauded for light touch on tax plan
Finance minister was lauded for exercising restraint and caution in respect of setting down a new tax regime for the South African economy, including its miners.
Dividends at risk in gold sector belt-tightening
Gold companies may cut or pass dividends thereby ending any shred of satisfaction die-hard gold investors may have had in the equity markets.
Gordhan inches SA to new mining tax regime
It wasn't the clarity investors had been seeking, but at least there has been a modicum of progress on a new national tax regime that will include mining.