De Beers posts lower seventh cycle sales ahead of Diwali holiday
DE BEERS today reported provisional eighth cycle rough diamond sales of $490m which were described by the firm's CEO Bruce Cleaver as "robust".
"As the...
Gilbertson ousted from Jupiter Mines after shareholders rebel against executive pay
BRIAN Gilbertson, the revered South African mining executive, has been ousted from the board and chairmanship of Jupiter Mines following a shareholder revolt over...
TFR says thermal coal exports were unaffected by fire at Richards...
TRANSNET Freight Rail (TFR) said thermal coal exports were unaffected by a fire at its multi-purpose terminal in Richards Bay which resulted in its...
Centamin targets mid point of 2021 gold production guidance
CENTAMIN had targeted full year production of about 415,000 ounces of gold, the mid-point of its 400,000 to 430,000 oz guidance for the 12...
Govt’s proposed chrome export levy will destroy more jobs than it...
THE South African government has been silent on the subject of a proposed export levy on chrome ore since hatching the idea in October...
Transnet to open inquiry into terminal fires after restoring Richards Bay...
FIVE of seven conveyors at Transnet's Richards Bay Multi Purpose Terminal have been reopened following a fire that broke out last week, the government-owned...
Thungela cuts annual coal target as Transnet’s rail performance slumps again
THUNGELA Resources said today thermal coal production for the year ended December 30 could be as much as 1.2 million tons (Mt) lower than...
AngloGold to refinance notes with fresh $750m issue maturing in 2028
ANGLOGOLD Ashanti is to issue $750m in notes which are due to mature in 2028, the group announced today.
The proceeds will be used to...
SA economic risk means banks reticent to entirely cut funding to...
SOUTH African banks say they cannot entirely cut lending facilities to the country's coal industry as this would put too much strain on government...
SA coal exports may face more disruption following fire at Transnet...
THERMAL coal exports from South Africa could face more disruption after a fire broke out at the Richards Bay Bulk Terminal operated by the...