Sibanye-Stillwater to lose billions of rands in prolonged gold strike –...
SIBANYE-Stillwater lost about R4bn in EBITDA when it last had a strike at its gold operations in 2018/19, which amounts to around R800m on...
Rio Tinto lifts force majeure on RBM contracts as mine emerges...
THE force majeure on customer contracts at Richards Bay Minerals (RBM) had been lifted following the suspension of operations last year amid violent protests.
"This...
Anglo aims to secure 100% of renewable power for SA mines...
ANGLO American has set in motion plans to source all of its electricity for its South African mining operations from renewable sources by 2030.
The...
Implats nudges up stake in RBPlat to 36.41%
IMPALA Platinum (Implats) had nudged up its stake in Royal Bafokeng Platinum (RBPlat) to 36.41% after acquiring 0.75% of RBPlat shares, the company said...
Endeavour questioned on Burkina Faso after “security concerns” led to Boungou...
A REDUCTION in gold reserves at Endeavour Mining's Boungou mine in Burkina Faso was a result of security concerns which prevented the firm from...
Gem Diamond CEO Clifford Elphick mystified by “grossly undervalued” share price
GEM Diamonds is to launch a share buy-back programme to supplement dividends because the company was "grossly undervalued", said CEO Clifford Elphick.
"It's unacceptable to...
AMCU threatens to take Sibanye-Stillwater’s PGM employees out in secondary strike
THE Association of Mineworkers & Construction Union (AMCU) has threatened to heap pressure on Sibanye-Stillwater by asking members at platinum group metal (PGM) mines...
Eskom diesel cost to increase a third to R20.9bn in effort...
SOUTH Africa's state-owned power utility Eskom has forecast a tripling in the cost of diesel which it uses to keep the lights on when...
Endeavour beats dividend target but impairs Burkina mine $246m following life...
ENDEAVOUR Mining announced today it would pay a $140m dividend for its 2021 financial year, $15m more than its previously stated target following a...
Phosphate rock miner Kropz a standout performer for ARC in 2021
KROPZ was a standout performer in the portfolio of African Rainbow Capital (ARC), the private equity fund founded by mining magnate, Patrice Motsepe.
The phosphate...