Mining communities don’t trust firms, think the DMR is corrupt
STRUCTURED and regular engagements between mining companies, the Department of Mineral Resources (DMR) and mining communities will be an important aspect of the new...
Tharisa guides to headline earnings 31% lower as prices fall
THARISA, a chrome and platinum group metal (PGM) producer, expected to report a 31.25% decline in interim headline share earnings of 11 US cents...
Sibanye-Stillwater latest firm to fire KPMG South Africa
SIBANYE-Stillwater is the latest company to dispense with the services of KPMG following its its corporate governance abuses and mismanagement of the VSB Bank...
Allianz piles pressure on coal after withdrawing from sector
PRESSURE on the world's coal industry intensified after the German insurance giant, Allianz, said it would no longer provide standalone insurance coverage for power...
PTM agrees sale of 10% stake to South Africa’s HCI for...
PLATINUM Group Metals (PTM), the Toronto-listed platinum development company, said it would sell 10% of its shares to Hosken Consolidated Investments (HCI) for about...
Glencore trading profits may exceed $3bn despite crises
EARNINGS from Glencore's trading division would most likely be at the high end of its $2.2bn to $3.2bn range, said the Financial Times in an...
Location of R3bn in Optimum Coal profits “of interest”, say BRPs
THE business rescue practitioners (BRPs) for the Optimum Coal Mine want to investigate how R3bn in profits earned by the Mpumalanga province operation were...
Macozoma stake in Tshipi manganese soars after Jupiter listing
A CONSORTIUM led by veteran mining investor, Saki Macozoma, has received a huge financial fillip following the listing of Jupiter Mines in Australia because...
Eskom not paying double for less coal from Optimum mine
ESKOM, the South African electricity utility, denied it was buying coal at a premium from Optimum Coal Mine in order to bail out the...
SA miners on brink of R5bn settlement with silicosis sufferers
SOUTH African mining companies and lawyers claiming compensation for employees affected by silicosis were on the brink of an out-of-court settlement totalling R5bn, said...