Rand gold price rides to DRDGold’s rescue after licence snafu
THE average gold price received of R1.17m per kilogram – 22% up on the previous average of R961,000/kg – made all the difference to...
Anglo facing ‘uphill battle on the trust front’, says bank
ANGLO American had an uphill task in winning back the trust of investors, according to analysts at Bank of America.
Commenting in a report on...
Six million people could be affected by coal, gold mine closures
AN estimated six million people who live near mining areas in South Africa will be affected socially and economically by mine closures, said BusinessLive.
Citing...
Gold Fields to post flat earnings for 2023 despite project delay
GOLD Fields is expected to report largely flat basic earnings year-on-year as lower write-downs in the year to December 2023 offset a one-off break-fee...
Miners in Sahel coup crisis turn to ‘back channel engagements’
THE rolling coups in the Sahel region in Africa expose mining companies operating there to numerous risks which requires 'back-channel engagements' with the new...
Jindal plan for $2bn iron ore mine in SA rejected
JINDAL Steel & Power Ltd. has had an environmental application to develop an iron-ore mine in South Africa at a cost of as much...
Anglo may broaden battery minerals business in Finland
ANGLO American said on Monday it had concluded a business agreement with Finland to "support the country's battery metals strategy".
It said a memorandum of...
Glencore bows to inevitable by shuttering nickel mine
THE steep decline in the nickel price has claimed another scalp after Glencore said on Monday it would shutter its 49%-owned Koniambo mine.
The announcement...
Allied’s Marrone targets consolidation of African gold
THERE'S a new kid on the block in African gold mining – Allied Gold – and the company is looking to fundamentally change the...
SA’s platinum group metal miners hit rock bottom – hopefully
TRADING updates from Impala Platinum and Anglo American Platinum this week are telling the story of last year’s wipeout in share prices. According to...