Saudi PGM smelter proposal may test SA Govt’s loyalties
PLATINUM Group Metals, a Canadian company better known by its Toronto trading code, PTM, has submitted a proposal to the government that will force...
AngloGold Ashanti stages second half cash flow turnaround
SHARES in AngloGold Ashanti rose 6% in Johannesburg on Friday after it staged a turnaround in cash flow for the second half of its...
Elliott Management to invest in mineral assets worth $1bn
ACTIVIST investor Elliott Management is setting up a company that aims to buy undervalued mining assets worth $1bn, according to an updated report by...
Thungela down 30% this year as forecasts hefty earnings slide
THUNGELA Resources, the Johannesburg-listed coal miner, on Friday forecast a steep decline in earnings for the 12 months ended December 2021.
Share earnings would be...
Sibanye-Stillwater to retrench 852 at PGM mines in SA
SIBANYE-Stillwater is to retrench 852 full time employees and contractors at its South African platinum group metals (PGM) mines, it announced on Friday.
This follows...
Anglo’s Wanblad says “nothing off the table” in portfolio review
ANGLO American CEO Duncan Wanblad on Thursday unveiled a "systematic" review of the group's portfolio in which he promised "further actions" aimed at unwinding...
Harmony set to put cash from bonanza half year into projects
HARMONY Gold is to report half year share earnings more than 100% higher for the 2023/24 financial year owing to an improvement in the...
Gold Fields CEO warns gold market tailwinds will not persist
GOLD Fields turned in a "steady as she goes" performance during 2023 and the outlook appears to be for more of the same in...
First Quantum to sell $1bn in shares in effort to keep...
FIRST Quantum Minerals is to sell $1bn in shares and raise a further $1.6bn from an offering of notes in an effort to strengthen...
First Quantum to sell $500m in copper to China’s Jiangxi
FIRST Quantum Minerals' second-largest shareholder will pay $500m for copper shipments in an arrangement that strengthens the mining company’s balance sheet while its flagship...