Sibanye heads for record drop

2016-08-25 16:42

Sibanye Gold has headed for the biggest drop on record as safety stoppages meant the miner produced less of the precious metal than it could have in the first quarter.

South32 to pay first dividend

2016-08-25 12:12

South32 says it’s monitoring two potential investment opportunities after reporting full-year earnings that beat analysts’ estimates.

Glencore widens debt plan to weather rout

2016-08-24 16:15

Glencore has sharpened its plan to cut debt after reporting its worst half-yearly profit since listing in London five years ago.

Harmony Gold hunts deal to fill output gap

2016-08-24 09:50

Harmony Gold is willing to use debt and equity to buy a profitable mine that will offset falling production and help fund a major new project in Papua New Guinea.

Now anybody can scuba dive for diamonds

2016-08-23 21:05

Diamond diver Wynand Hendrikse spends his days sailing off the western coast, exploring a private offshore concession. Now, you can too.

Department hits out at mining CEO claims

2016-08-23 15:14

Allegations relating to work stoppages over mine safety against the minister of mineral resources and officials by some mining companies are appalling, says the department.

David Herro sells Glencore shares after stock double

2016-08-22 19:21

David Herro, one of the biggest investors in Glencore, has reduced his stake in the commodity trader and miner, locking in profits after the stock doubled this year.

Inside Labour: Why industrial peace on mines remains elusive

2016-08-19 05:00

As long as poor living conditions continue and wage issues remain unresolved, industrial peace in the mining areas will remain elusive, says Terry Bell.

Exxaro first-half profit rises 2% on gains

2016-08-18 09:25

Exxaro Resources has reported a 2% gain in first-half profit due to of an increased contribution from the South African miner’s coal business.

Investors cheer Harmony results

2016-08-17 13:13

Investors have cheered Harmony Gold Mining’s interim results, sending the share price up more than 5% after the gold miner posted a net profit of R949m.


Glencore drags down mining shares

2016-08-25 14:17

Mining shares have retreated, dragged down by a second day of losses in Glencore after the miner reported the smallest profit since its publicly traded.

Sibanye profit soars on higher gold price

2016-08-25 10:42

Sibanye Gold's earnings have climbed more than sixfold and the miner has raised its dividend as a rising bullion price and a weak rand boosted profit margins.

Atlas plans jobs cuts as expenses erode income

2016-08-24 15:45

Atlas Mara, owned by ex-Barclays boss Bob Diamond, will cut jobs and costs after first-half expenses outpaced revenue growth and profit declined 71%.

Glencore profit dives 66% on raw-materials price rout

2016-08-24 09:31

Glencore, the miner and commodity trader run by billionaire Ivan Glasenberg, has posted a 66% drop in first-half profit on lower raw-materials prices.

Implats issues profit warning statement

2016-08-23 15:21

Impala Platinum has issued a profit warning statement to say that earnings for the year to June 30 2016 will be much lower than the prior year.

Sasol boosts Lake Charles costs to ‘worst-case’ R148bn

2016-08-23 10:20

Sasol has raised its cost estimate for the Lake Charles chemical project in the US by almost 25% to $11bn (R148bn) following a review.

Working for a change to come

2016-08-18 11:01

Despite the global commodity slump, founder and managing director of specialised drilling and mining services company Nedtex 217, Musa Tshabalala, has managed to keep his business afloat.

Harmony to halt mining at Kusasalethu in 5 years

2016-08-17 15:28

Harmony Gold Mining says it will effectively stop mining Kusasalethu in five years, reducing the life of its third-largest mine by about 19 years.

OPINION: SA deserves truth about govt spies and Marikana

2016-08-16 15:27

As SA commemorates the Marikana massacre four years ago, South Africans are yet to learn the full truth of the alleged role of the SSA, writes Pieter-Louis Myburgh.

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