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GEM slows Ghaghoo to protect balance sheet

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GEM Diamonds said it was on track to pay dividends for 2015 but that it would slow the ramp-up of its Botswana project Ghaghoo until the market revived.

Rand fall saves Harmony from ADR change

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The turnaround in the share price of Harmony Gold has delivered the company from changing the ratio at which its ADRs trade to its ordinary shares.

Iron ore outlook colours Kumba R6bn write-down

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Kumba Iron Ore impaired its Sishen iron ore mine by R6bn - a decision partly informed by the significant impact of weaker iron ore prices this year.

Resgen acrimony as A$2.3m director fees quizzed

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Resource Generation is to study its legal options in respect of A$2.3m in termination benefits paid to two former executive directors including Paul Jury.

Sibanye sees margin lift for 2016 output

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Sibanye Gold said it would produce 1.61 million ounces of gold at a total cash cost margin of 38% should the current rand gold price persist.

Zimplats calls for urgent dialogue over rights

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Zimplats is seeking "constructive dialogue" with Zimbabwe's government over an end-March deadline to transfer 28,000 hectares worth of mineral rights.

Weak rand to add billions to miner revenues

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The slide in the rand will add billions of rands to the revenues of some of South Africa's mining firms with analysts marking the currency for further weakness.

Kumba axes 3,933 in bid to stay afloat

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The unremittingly weak iron ore price has finally closed in on Anglo American's Kumba Iron Ore which is cutting jobs and reducing output.

‘Neutral’ Lonmin shows $120m Q1 cash outflow

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Shares in Lonmin were untroubled as the market absorbed first quarter output figures. A worry, however, is another cash outflow, this time totalling $120m.

SA mining reports lowest fatalities ever in 2015

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The South African mining industry said there had been 77 fatalities among its ranks in 2015 - the best safety record since the dawn of the industry.