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.
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.
Gold crunch to test DRDGold’s capex strategy
Almost seven years of capital investment by DRDGold will boil down to this year with the gold price collapse testing the resilience of the gold treatment firm's model.
Equatorial unveils $231m RoC mine plan
Equatorial Resources plans to build a 2 million tonne/year iron ore mine in the Republic of Congo at a capital cost of $231m including rail and port infrastructure.
Investors won’t support CPI+ wages: Froneman
Neal Froneman, CEO of Sibanye Gold, said shareholders had told him to resist above inflation wage increases or capital markets will close.
AngloGold cuts output, spend, impairs $2.6bn
AngloGold responded sweepingly to a $220/oz fall in the average gold price cutting output 300,000 oz, lopping project spend, and booking a $2.6bn impairment.