Sibanye to buy highest-grade platinum deposit for $2.2bn

2016-12-09 11:21

Sibanye Gold has agreed to pay more than its market value for Stillwater Mining in a $2.2bn deal that would see the SA miner take charge of the highest-grade deposit of platinum-group metals.

Glencore deal making king Glasenberg is back with wager on Russian oil

2016-12-08 10:39

A year ago Ivan Glasenberg was fighting to save his company from short sellers. Today, he is back to cutting deals that shake up global commodity markets.

Implats announces new CEO

2016-12-07 10:31

Impala Platinum has appointed Nicolaas (Nico) Johannes Muller as chief executive officer and an executive director of Implats, with effect from April 3 2017.

Assore to get new CEO

2016-12-06 12:24

Assore has announced that its chief executive officer Chris Cory will retire on June 30 2017 after 28 years with the group.

Eskom questions Exxaro’s reduced BEE shareholding

2016-12-05 12:42

Mining company Exxaro’s plan to cut its black ownership to about 30% has sparked questions from state-owned electricity producer Eskom.

21 Chinese miners dead after being trapped for 4 days

2016-12-03 19:01

Twenty-one Chinese miners who were trapped for four days after an explosion hit their unlicensed coal mine have been confirmed dead, and four people have been arrested in connection with the disaster.

Kumba expects higher earnings

2016-12-02 10:56

Kumba Iron Ore has announced that its headline earnings and basic earnings are likely to be at least 20% higher than the previous comparative period.

Glencore to pay $1bn dividend after rally

2016-12-01 16:08

Glencore will reinstate its dividend next year and plans to pay out a minimum of $1bn annually following a rebound in commodity prices and a reduction in its debt.

Mines and state set for battle over charter

2016-11-27 06:04

The Chamber of Mines of SA has fired a warning shot to government that it is ready to fight aspects of the revised mining charter, which it deems unacceptable.

Zwane defends deputy DG appointment

2016-11-23 10:26

Mining Minister Mosebenzi Zwane has pleaded with MPs not to cast aspersions based on what they read in the media.


SA platinum production plummets 12%

2016-12-08 12:32

Mining production fell by 2.9% in the past year, mainly owing to a drop in platinum metals production, according to Statistics South Africa.

UPDATE: Gold Fields exec moves over to Implats

2016-12-07 10:49

Gold Fields has announced the resignation of its executive vice-president Nico Muller, who will be leaving the company to take up the position of CEO of Impala Platinum.

Glencore’s stunning comeback

2016-12-07 09:48

The Swiss miner is first of the Big 4 mining conglomerates to set the stage for 2017 with a dividend announcement.

Anglo faces platinum test in SA spinoff

2016-12-06 06:39

Anglo American is facing a showdown with its biggest investor, PIC which wants the miner’s prized platinum assets included in any divestment of its local operations.

Zim miners sound wage alarm for 2017 - survey

2016-12-05 11:08

Zimbabwean mining firms, including SA's Sibanye Gold, Caledonia Mining Corporation and Anglo Platinum say they will not be able to afford salary raises in 2017.

Coal mine explosion in northern China kills 17

2016-12-03 17:02

Ten miners are still trapped after a blast in China's Inner Mongolia region killed 17 people while they were working underground.

Zimplats gets its dues from Zim govt

2016-12-01 16:53

The Zimbabwean government has paid off its protracted debt to Zimplats through the issuance of treasury bills with a total nominal value of $34m.

Glencore pivots from disposal to dividends

2016-11-29 19:15

There’s talk that Glecore’s turnaround plan has gone so well that it could be months away from paying dividends again.

Zero greenfield investments for Zim's mining sector

2016-11-23 18:25

Investors are increasingly taking a backseat on Zimbabwe's mining sector, with the industry seeing no greenfield investments this year, says the chamber of mines.

Turkey mine collapse death toll rises

2016-11-20 19:54

A mine in Turkey has caved in, leading to at least 6 dead with at 10 still missing.

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