Techmet takes $50m option in Rainbow’s Phalaborwa project
TECHMET, an investment company chaired by Brian Menell, could take a 15% to 33% stake in Rainbow Rare Earths' Phalaborwa project after being granted...
De Beers’ sales fall to $80m as diamond miner waits on...
ROUGH diamond sales shrank to $80m for De Beers' penultimate sales cycle for 2023 as the Anglo American company limited supply in response to...
Transnet R4.4bn debt rollover only raises prospect of state bailout
SOUTH Africa's Public Investment Corporation (PIC) rolled over R4.4bn in debt owed by the country's state-owned rail and ports firm Transnet, said News24.
However, the...
Implats to offer voluntary job cuts as PGM price weakness bites
IMPALA Platinum (Implats) said it was offering voluntary job cuts to workers at some of its platinum group metal (PGM) shafts in South Africa,...
Newmont to sell $2bn in assets and focus on copper
NEWMONT is to sell non-core assets of up to $2bn following its takeover of Newcrest Mining, said Bloomberg News citing the US gold producer's...
Bushveld CEO warns maintenance days will rise as he seeks reliability
BUSHVELD Minerals CEO Craig Coltman warned the company would put more focus into maintenance than usual in the first six months of 2024 in...
Zimbabwe miners facing profit slump
MINING firms in Zimbabwe, which are among the country's top export revenue earners, are likely to see profits drop almost 15% next year, with...
Sibanye-Stillwater signs 6% wage deal with unions at Kroondal PGM
SIBANYE-Stillwater today announced a five-year wage deal with unions at its Kroondal PGM (platinum group metal) operations in South Africa with entry level employees...
De Beers signs five year wage deal with NUM
DE BEERS on Thursday announced a five year wage deal with the National Union of Mineworkers (NUM) for employees at its Venetia Mine and...
Are diamonds for Anglo? De Beers’ slump raises questions
IN 2022, Petra Diamonds CEO Richard Duffy said the market for diamonds was undergoing a positive "structural change". It was not a "bubble or a...