Anglo’s Cutifani not in favour of increasing Charter equity target
ANGLO American CEO, Mark Cutifani, said he was not in favour of setting higher equity targets in a new Mining Charter as this benefited...
RBPlat’s Phiri “happy to see back” of former mines minister, Zwane
STEVE Phiri, CEO of Royal Bafokeng Platinum (RBPlat), delivered a less than fond farewell to former mines minister, Mosebenzi Zwane, saying at the firm's...
Eastplats to build Zandfontein chrome tailings plant for R164m
EASTERN Platinum (Eastplats), the platinum group metals firm that mothballed its operations in 2012, said it would mine and treat chrome-bearing tailings from its Crocodile...
Merafe moves into net cash, pays record R301m dividend
MERAFE Resources (Merafe) more than doubled the dividend year-on-year following its strongest yet financial performance amid buoyant trading conditions for stainless steel, the industry...
Pan African points to low cost gold amid Evander restructure talks
PAN African Resources, currently involved in restructuring discussions at its loss-making Evander Gold Mines, sought to highlight the upside of its activities, saying that...
Anglo’s Cutifani supportive of Kumba diversification plan
AN interesting aspect of Kumba Iron Ore’s full-year results presentation last month was its so-called 'step-out plan' – a strategy in which it would consider...
SA coal entrant Seriti interested in buying Gupta mine, Optimum
SERITI Resources, the black-owned consortium that today concluded the R2.3bn purchase of thermal coal mines from Anglo American, said it would be interested in...
Implats lowers full-year target as Lease Area losses loom large
IMPALA Platinum (Implats) hauled in its full-year production number by up to 100,000 ounces - about 6% of the production target set down at...
Eskom confirms R20bn funding on day S&P downgrades utility
ESKOM had sufficient liquidity to continue resolving its governance crisis, and to implement its funding plans for the current 2018 financial year following completion...
Mantashe to complete Mining Charter talks in three months
SOUTH Africa's newly appointed mines minister, ex-unionist Gwede Mantashe, said negotiations on a new Mining Charter with the Chamber of Mines would be completed...