Home News Page 474

News

GEM battles headwinds but remains cash flow negative following interim earnings...

0
GEM Diamonds posted a hefty decline in interim earnings, despite improved cost control, partly owing to lower prices achieved for its diamonds during the...

Gold industry cost misallocation hides reality of secular decline in world...

0
GOLD Fields CEO, Nick Holland, warned a misallocation of costs created the illusion that there was an increase in growth capital in the gold...

Mantashe blames speech writers for mentioning bogus SA metal resource at...

0
SOUTH African mines minister, Gwede Mantashe, said "an unforeseen error in a good speech" had led to him promoting a battery metal resource in...

Assore R9bn cash pile “not a lot of money” as holds...

0
ASSORE is "looking at different options" for its R9bn cash pile, but CEO, Charles Walters, rules out the possibility of paying out a special...

Implats eases into R1.1bn net cash but holds fire on resumption...

0
IMPALA Platinum (Implats) moved into net cash as of June 30 as improved metal pricing, higher platinum group metal (PGM) production from Rustenburg, and...

Gold may be heading for decade-long bull phase as memories of...

0
THE gold market could be due a major breakout in the coming year as fears escalate the US economy will slide into recession, according...

Eskom’s Mabuza acknowledges power stability crucial if SA economy to recover

0
IN the coming months, Eskom’s management will focus on avoiding loadshedding because it fully understands the impact this has on the economy, acting CEO...

Gold to surge through $1,600/oz as Fed, faced with economic slowdown,...

0
THE price of gold would surge through $1,600 per ounce in line with Federal Reserve plans to cut interest rates in an effort to...

Zambia Chamber of Mines urges moderation on mining royalties to protect...

0
ZAMBIA ought to cap mining royalties at 7.5% in 2020 in order to protect the country's mining sector, said Reuters citing the Chamber of...

Resolute’s Welborn warns compatriots to heed the burgeoning potential of African...

0
AUSTRALIA ran the risk of missing out on partnership opportunities in Africa that would emerge over the next thirty years as the continent's middle class...