Silver reaches record on acute London shortage
SILVER surged to an unprecedented $53 per ounce on Tuesday, marking an 85% gain this year as a supply crisis in London propelled prices...
Court orders Chinese firm to release train parts to Transnet
A SOUTH African court has ordered China's CRRC E-Loco to release locomotive spares withheld from Transnet in a long-running contract dispute, said Reuters citing...
PIC unveils R1.35bn budget for early stage mining projects
SOUTH Africa's Public Investment Corporation (PIC) on Wednesday unveiled plans to invest R1.35bn in "early stage" mining of which at least half would be...
Anglo defends merger despite Teck production cuts
ANGLO American has defended its due diligence of a $50bn merger with Teck Resources after the Canadian miner sharply reduced output forecasts at its...
Minerals Council calls for ‘rational decisions’ from Govt talks
MINERALS Council SA president Paul Dunne warned that industry and Government discussions over the proposed minerals legislation should not result in "inappropriate policy responses...
Generation of exploration has been lost in SA, says Wanblad
A GENERATION of minerals exploration had been lost in South Africa owing to unsupportive policies, said Anglo American CEO Duncan Wanblad.
Speaking at the Joburg...
Froneman to lead refreshed DRA Global’s offshore push
DRA Global, the privately-held engineering company, has scored a coup announcing on Tuesday it had hired former Sibanye-Stillwater CEO Neal Froneman.
Froneman, who left Sibanye-Stillwater...
Political interference threatens mining deals, warns BHP
GROWING government intervention in critical mineral resources is making mining acquisitions increasingly complex and costly, according to BHP's chief development officer.
In an interview with...
London no longer a hub for big mining finance
LONDON'S centuries-old dominance as the world's premier destination for mining finance is drawing to a close as investors increasingly favour Australia and Canada for...
Mining pay rises outstrip productivity gains
MINERALS Council South Africa has warned wage increases are outpacing productivity improvements, attributing the disparity to overly strong union influence, according to a report...