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Sibanye expects 2015 profit to halve

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However, the group is expecting the current financial year to be much better owing to a higher rand gold price and rectification of last year's operating issues.

Zim cuts fees, but only juniors benefit

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Zimbabwe cut fees for exploration of platinum but the improvement in industry competitiveness did not specially help established producers, said Aquarius Platinum.

Eskom not running out of cash: Molefe

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South African power utility, Eskom, was not running out of cash but it had to be prudent on expenditure including the R2bn it spent a month on diesel.

Resgen $400m finance talks plod on

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Resource Generation said a proposed financing structure, currently under negotiation with a club of financiers, would remove the need to issue equity.

SA platinum sector needs consolidation

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Ben Magara, CEO of Lonmin, said the South African platinum industry needs consolidation in order to guarantee supply discipline.

DMR misses end-April charter court target

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The South African government had missed a self-imposed end-April deadline for clarity on the mining charter as it had not yet submitted papers to the courts.

SA has three months to avoid credit downgrade

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South Africa would have to deliver on national budget promises to cut spending and raise taxes in order to avoid a credit downgrade.

Coal miners told improve or face regulation

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South African coal miners were told to either improve the quality of coal supply to Eskom or face government regulation.

Rio Tinto studying $500m RBM expansion

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Anglo-Australian group Rio Tinto is considering expanding Richards Bay Minerals at a cost of $500m.

Implats to lift 2016 platinum output 17%

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Impala Platinum will increase production 17% in 2016 as it recovered from a five-month strike at operations in South Africa.