New bank misery will dictate gold’s direction more than geopolitics
THE prospect of regional conflict in the Middle East has given gold a boost in another example of what former AngloGold Ashanti CEO Bobby...
Gold harder to find than ever before as junior sector ‘hurts’
DIGGING in Egypt’s Eastern Desert, 25km from the Red Sea, geologists for Centamin, a UK-listed gold miner, turned amateur archeologists when they stumbled on...
Glencore’s cuts ferrochrome guidance after limiting Eskom pain
GLENCORE maintained its overall 2023 guidance for copper, zinc, coal and cobalt output but cut its outlook on nickel production due to maintenance and strikes,...
Base Resources shares tumble as signals end of Kwale
SHARES in Base Resources tumbled nearly 18% after the company said exploration had failed to extend the resources of its Kwale mineral sands deposit...
Burkina Faso raises royalties on gold production
BURKINA Faso has introduced a new royalty an gold sales which takes into account gold prices above $1,500 per ounce whereas previously it levied...
Sibanye-Stillwater may be outbid for Mopani Copper amid PGM pain
SIBANYE-Stillwater said it continued to "engage" with the Zambian government over the acquisition of its Mopani Copper despite the presence of an interloper.
The Financial...
Transnet seeking R50bn for mission critical capex
TRANSNET needs at least R50bn in funding to eradicate the current maintenance backlog on its rail network and to restore it to its full...
Transnet pencils in net profit for 2025 if capital funding secured
TRANSNET set out plans to return to profit in its 2024/25 financial year as part of a turnaround plan in which it confirmed the...
Coronation quits SA’s profligate PGM sector
CORONATION, one of South Africa's largest asset managers, has pulled out of the country's platinum group metal (PGM) sector, saying that miners were likely...
DRDGOLD suffers 18% q-on-q knock in first quarter ebitda
DRDGOLD reported an 18% knock in first (September) quarter ebitda which came out at R365.8m despite increasing production 5% to 41,281 ounces.
In a comparison...