RoC, Exxaro to return Mayoko to drawing board
Exxaro said it and the Republic of Congo would be realistic about building Mayoko as iron ore is trading $20/t below the level at which the project was benchmarked.
Transnet says won’t budge on Glencore tariff
Transnet chief negotiator on rail tariffs said Glencore was just trying to get the government firm to compensate it for the decline in the coal price.
Assmang hooks ferroalloys smelter
Assmang, a joint venture between ARM and Assore, is to bring the curtain down on its last ferroalloy smelter in Machadodorp following a strategic review.
Merafe keeps payout momentum with 20c div
However, the ferrochrome producer acknowledged it was more vulnerable than most in terms of Eskom power interruptions.
Platinum buyers seek to limit SA output risk
Royal Bafokeng Platinum CEO, Steve Phiri, made the alarming observation that his clients were buying recycled material because SA production was too risky.
Glencore lifts payout in show of confidence
Glencore improved the year-end payout to shareholders despite acknowledging the commodity market had not recovered as quickly as some expected.
Rand papers over cracks of SA’s gold stocks
The December quarter was another difficult period for Harmony Gold with 30% of its mines losing cash while other gold stocks also struggled despite the weak rand.
Anglo net debt may spur Amplats sales
Amplats seems to have upped the pace on its divestment programme, an interesting development that may be spurred by Anglo's concern with net debt.
Platinum CEOs say mechanisation not a panacea
Mechanisation, whilst the mining method of the future, is not the panacea for all mines, say CEOs from Impala Platinum and Anglo American Platinum.
Implats unveils sweeping 5-year restructure
Impala Platinum has unveiled a four-year restructuring of its Rustenburg mine in which it would merge shafts, slow development of another, and halve capex.