Transnet heading for credit downgrade
TRANSNET is heading for a credit downgrade, according to BusinessLive which said on Monday Moody's had placed South Africa's state-owned ports and rail company on...
Anglo seeking buyers for Woodsmith POLY4 in Middle East, Africa
ANGLO American is seeking partners in the Middle East and Africa to do supply and distribution deals for fertiliser from its capital intensive Woodsmith...
Gold One suspends mining at East Modder amid signs of renewed...
GOLD One suspended mining operations at its Modder East facility in Springs on Thursday after threats of more protests, said BusinessLive.
The mine’s management initially...
SA Govt to deploy soldiers to curb illegal mining
THE South African government has authorised the deployment of 3,300 soldiers in support of police efforts to curb illegal mining, said Bloomberg News.
Citing a...
Zimbabwean targeted as UK tightens sanctions on Russian metal exports
THE UK tightened sanctions on gold and platinum group metal (PGM) exports from Russia including the activities of a company with links to a...
Transnet R4.4bn debt rollover only raises prospect of state bailout
SOUTH Africa's Public Investment Corporation (PIC) rolled over R4.4bn in debt owed by the country's state-owned rail and ports firm Transnet, said News24.
However, the...
Implats to offer voluntary job cuts as PGM price weakness bites
IMPALA Platinum (Implats) said it was offering voluntary job cuts to workers at some of its platinum group metal (PGM) shafts in South Africa,...
Newmont to sell $2bn in assets and focus on copper
NEWMONT is to sell non-core assets of up to $2bn following its takeover of Newcrest Mining, said Bloomberg News citing the US gold producer's...
Zimbabwe miners facing profit slump
MINING firms in Zimbabwe, which are among the country's top export revenue earners, are likely to see profits drop almost 15% next year, with...
De Beers signs five year wage deal with NUM
DE BEERS on Thursday announced a five year wage deal with the National Union of Mineworkers (NUM) for employees at its Venetia Mine and...