Mining companies gear up for unprecedented 21-day shutdown

2020-03-24 15:15

President Cyril Ramaphosa announced on Monday that mining companies must place their underground mine operations and furnaces under care and maintenance.

Anglo American completes takeover of UK potash mine

2020-03-17 15:41

Anglo American has completed its acquisition of Sirius Minerals, a UK mining company that also owns a fertiliser business, after the takeover secured court approval, it was announced on Monday.

Rio Tinto to pay ex-CEO R71m in bonuses amid ongoing investigations

2020-03-12 15:11

Rio Tinto Group will pay former Chief Executive Officer Sam Walsh about A$6.8 million in bonuses withheld amid probes related to an African iron ore project, despite the miner’s concerns that the investigations remain in progress.

Assore share holds onto gains after delisting announcement

2020-03-11 16:15

Iron ore mining company Assore on Tuesday announced a share buy-back and plans to delist from the JSE. The move saw its share price rise 80%.

Exxaro expects jump in earnings despite lower coal export prices

2020-03-05 18:24

Mining company Exxaro expects its headline earnings to improve between 5% and 19%, however ebitda is projected to decline on lower export prices for coal.

South Africa now has the world's largest electric vehicle, a massive mining truck

2020-02-24 05:52

Its maker claims it is capable of performing just as well, if not better, than its diesel-powered counterparts.

Some SA mining companies are finally making money – but not enough to help us avoid tax increases soon

2020-02-21 05:33

South Africa’s has an estimated budget deficit of R150 billion in the medium term, and fresh mining profits won't put much of a dent in that.

Crisis or not, there's no better time to start a sovereign wealth fund – Mantashe

2020-02-20 13:07

The minister has suggested redirecting mining royalties to a sovereign wealth fund.

Mantashe says mining royalties could help to start up sovereign wealth fund

2020-02-19 15:13

President Cyril Ramaphosa said last week that South Africa would be creating both a sovereign wealth fund and a state bank.

Miners welcome SA's plans to open up power generation

2020-02-16 14:05

South Africa's announcement that it will open up electricity generation to other players, effectively breaking Eskom's monopoly, has been welcomed by many, especially the mining industry, a key sector in Africa's most industrialised economy.

 

Your questions answered: Yes, Eskom has a coronavirus plan

2020-03-18 21:52

While businesses, learning institutions and event organisers brace for Covid-19, power utility Eskom says it also has an action plan.

Women in mines key to driving earnings

2020-03-17 09:56

SA’s resource companies are determined to increase the number of women working for and supplying them. It’s not only an important societal issue – it makes good business sense.

Exxaro grows profit by 13%, despite Medupi hit and lower export coal prices

2020-03-12 09:31

Exxaro was hit by lower demand from Eskom's Medupi power station after a conveyor belt broke.

Amplats 'force majeure' to impact Royal Bafokeng Platinum operations

2020-03-10 12:20

RBPlat is still quantifying the impact of Amplat's force majeure.

Sibanye looking to buy North American gold producer for as much as $5 billion

2020-02-25 11:30

CEO Neal Froneman says the mining group is hoping to 'pull the trigger', within six to nine months.

Anglo’s giant palladium mine to pose key question for new chief

2020-02-21 09:58

When Natascha Viljoen takes the helm of Anglo American Platinum in April, she will find a “fierce crocodile” in her in-tray.

Mantashe: Creating energy capacity is not like making instant coffee

2020-02-20 22:20

Mineral Resources and Energy Minister Gwede Mantashe said government is working to get additional energy capacity, but it won't be rushed.

'We'll make it happen': Mantashe says plan for new power utility a 'reality'

2020-02-20 10:18

The minister of energy and mineral resources says his department will provide further details on the proposed utility when it draws up its budget.

Amplats CEO Chris Griffith to step down; group declares final dividend of R52.60/share

2020-02-17 09:17

After more than seven years at the helm, the Anglo American Platinum head will step down in April.

Gold Fields shuns SA exit on South Deep turnaround

2020-02-14 09:56

Gold Fields won’t be rushing to join AngloGold Ashanti in exiting the country after its last mine in SA returned to profit last year.

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