Glencore in bid for Anglo? Entertaining, but unlikely
ANGLO American CEO Duncan Wanblad received a grilling last week at the firm's investor update with more than one analyst wanting to know if...
Food shortage ends SA’s latest mine ‘hostage drama’
THE latest underground 'hostage drama' at a precious metals mine in South Africa was nearing its conclusion after workers started to return to surface.
EWN,...
Petra increases credit facility to counter ‘lower-for-longer’ market
PETRA Diamonds has increased its revolving credit facility by R750m to a total of R1.75bn in preparation for a "weaker-for-longer diamond" market, the company...
Anglo update was downbeat with copper cuts, diamond losses
DE BEERS would be lossmaking during the second half of the 2023 financial year ended December 31 after closing its two final cycles with...
Amplats launches R10bn plan to stave off tough 2024
ANGLO American Platinum (Amplats) today announced plans to slash costs and cut expenditure for a total saving of R10bn in 2024 in an effort...
Kumba halts production growth plans as TFR woes take toll
KUMBA Iron ore has shelved plans to increase production saying that following a business review this year output will be flat from 2024 to...
Anglo to cut production guidance across suite of minerals – report
ANGLO American is expected to cut production guidance for iron ore, copper, metallurgical coal and diamonds when it presents an investor update on Friday.
There...
Wesizwe Platinum miners hold sit-in at Bakubung amid restructuring
A TROUBLED 24 months for Wesizwe Platinum intensified on Thursday when employees, completing their night shift, staged an underground sit-in.
The company, which is 45% controlled by...
Hummingbird shores up balance sheet with $30m placement
HUMMINGBIRD Resources on Thursday took steps to shore up its balance sheet announcing terms of a $30m share placement with institutions, led by investment...
Sibanye-Stillwater secures 45% of SA renewable power target
SIBANYE-Stillwater said it had procured 178MW of renewable power from two projects taking total wind and solar power supplied to its South African mines...