Derailments knock Kumba despite 15 day maintenance
RAIL derailments on the Sishen to Saldanha railway contributed towards an 8% decline in fourth quarter iron ore deliveries, said Kumba Iron Ore.
Commenting in...
DRDGOLD to post 60-70% leap in interim share earnings
DRDGOLD said interim share earnings will be 60% to 70% higher year-on-year owing to a much higher rand gold price, up 26%.
Interim headline share...
Gold Fields’s Osisko deal looking “significantly cheaper”
THE improvement in the gold price and weakness in the Canadian dollar has made Gold Fields's purchase of Osisko Mining in October look "significantly...
Harmony Gold reports five fatalities at SA mines
HARMONY Gold on Wednesday said five employees had been killed in two separate incidents at its South African mines.
At Doornkop mine west of Johannesburg...
Copper 360 starts development of Rietberg mine
COPPER 360 on Wednesday said it had started development of its Rietberg underground mine in the Northern Cape with the first on-ore blast taking place...
B2Gold plans to build $129m underground mine in Namibia
CANADIAN gold miner B2Gold said a preliminary economic assessment of the Antelope deposit near Otjikoto mine in Namibia supported development of an 65,000 ounce...
Barrick making progress in dispute with Mali – report
BARRICK Gold was "making progress" in its dispute with Mali following recent allegations about unpaid tax, but not as quickly as expected, said Bloomberg...
Merafe may shut smelters from May as pressure mounts
MERAFE Resources has launched a review of its South African ferrochrome smelting business warning on Monday that furnaces could be mothballed by May unless...
Guinea expects Simandou iron ore to produce 60Mt in second year
GUINEA expects its Simandou iron ore project to hit full production during the second year of operation, according to a report by Bloomberg News.
Mines...
Anglo CEO says door not closed on Transnet concession deal
CONCESSIONING South Africa's rail infrastructure was not off the table, said Anglo American CEO Duncan Wanblad.
Transnet, the state-owned rail and ports company, has rejected...