Petra to restructure Finsch in effort to stem cash flow leakage
PETRA Diamonds has issued a restructuring notice to employees at its Finsch mine in South Africa as part of efforts to stem negative cash...
Time to let out the handbrake on platinum group metals?
The JSE’s four largest platinum miners cut nearly R30bn in planned capital and stay-in-business expenditure in February in a clear vote that the metal’s...
Harmony Gold signs historic 6% wage deal with all unions
HARMONY Gold on Thursday said it had signed a five-year wage deal with unions for a 6% per year increase including benefits, effective from...
DRDGold to double contribution to Sibanye-Stillwater Ebitda
ACQUIRED by Sibanye-Stillwater with a view to building a strategic, long-term presence in the gold tailings industry, DRDGold now plays the arguably more important role...
Kore Potash announces new CEO
KORE Potash has appointed André Baya as its new CEO, a former executive at Fraser Alexander, the South African mining services company.
Baya also previously...
PGM cash burn to top $400m without more restructuring
DESPITE a promising ripple in the price of palladium, a much hoped-for recovery in platinum group metal (PGM) prices has so far not materialised....
Perseus says Sudan gold project “not lost to company”
PERSEUS Mining, the Australian listed gold miner, said it expected to eventually develop a mine in Sudan despite conflict in the North African nation.
Bloomberg...
Glencore may consider switching UK listing for US
GLENCORE may consider switching its primary listing from London to New York, said Bloomberg News citing a report by analysts at Deutsche Bank. If...
Paladin takes gains to 42% this year as mine reaches commercial...
COMMERCIAL production started at Paladin Energy's Langer Heinrich uranium mine in Namibia on March 30, the company announced on Tuesday.
Paladin said its focus will...
Thermal coal will make investors money for years to come
THE dirty commodity might be unpopular with some, but thermal coal is proving to be good business. Demand for the fuel was stoked to...