Northam Platinum to prosper as CEO forecasts hard slog
A R3200 per ounce decline in the average basket price of platinum group metals (PGMs) would derail Northam Platinum's Eland project, described by the...
Flood of illegal gold miners endangering Ghana’s cocoa sector
GHANAIAN cocoa farmers are abandoning the crop despite a trebling in prices in favour of illegal gold mining, said the Financial Times.
It reported that...
Mining magnate Beny Steinmetz to be freed by top Greek court
GREECE'S top court has ordered the release of Israeli mining magnate Beny Steinmetz, setting aside a lower court ruling for his extradition to Romania...
Congo offers US minerals in exchange for security
THE Democratic Republic of Congo has offered the US exclusive access to its critical minerals and infrastructure projects in return for security assistance amid...
Harmony’s Nel says gold miner can’t hoard cash forever
HARMONY Gold CEO Beyers Nel acknowledged the company "cannot forever hoard cash", but a dividend policy adjustment or special payout was not yet in...
Platinum stocks fall to four months as supply deficit looms
THE platinum market is heading towards another major deficit this year while above-ground stocks of the metal fall to only four months' worth of...
Harmony declares record dividend as net cash mounts
PROPELLED by record-breaking gold prices Harmony Gold on Tuesday declared a record-breaking interim dividend. Coming in at R1.4bn, the payout was as Harmony's net...
Former Anglo CEOs team up to buy Glencore’s iron ore project
FORMER Anglo American chief executives Tony Trahar and Mark Cutifani have teamed up with a group of investors to buy the Zanaga iron ore...
How might Trump’s tariffs affect the global metals sector?
THE US government confirmed in February its intention to remove all exemptions and restore section 232 import tariffs on steel (25%) and aluminium (25%,...
Congo cobalt ban is likely to fail – report
THE Democratic Republic of Congo's decision to suspend exports of under-pressure cobalt for three months in February was unlikely to yield positive results, said...