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Premier insight into the South African mining sector.
South Africa
Joined April 2009
World's gold industry says it's key the crisis of illegal trade in the metal gets a look-in at this month's G20 meeting.
miningmx.com
GOLD’S record-breaking gains have generated joy among its miners — but also worry. Looking beyond the outsized financial gains for investors, the explosion in demand for a “reserve asset” is a clear...
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Gold Fields upgrades its dividend policy to shareholders, including $500m over two years in specials or buy-backs.
miningmx.com
GOLD Fields said today it planned to return $500m to shareholders over the next two years either in special dividends or by buying back its shares. Commenting ahead of a closed presentation to...
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AngloGold Ashanti to expand production at Tanzanian mine Geita and pledges major increase in reserves as cash continues to roll in.
miningmx.com
ANGLOGOLD Ashanti said on Tuesday it planned to spend $100m expanding production from its Tanzanian mine Geita a fifth to 600,000 ounces a year. The New York-listed miner also said it would invest...
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Opportunity cost worth hundreds of millions as Blyvoor Gold backer fails to list in New York.
miningmx.com
NEARLY a year after receiving US approval to list Aurous Resources – the holding company for Blyvooruitzicht Gold Mine (Blyvoor Gold) – the proposed $50m deal appears wrapped up in red tape. In...
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Cash flow is at record levels for gold miners, so should they share more of the bonanza with shareholders?
miningmx.com
HOW gold miners spend money from bonanza cash flows will be a key test as the sector nears the end of a remarkable year. Using cash in the up-cycle can be more challenging than when times are tough...
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Platinum price – up 87% this year – justified and sustainable, says Valterra's Craig Miller.
miningmx.com
THE 87% improvement in the platinum price this year was a sustainable improvement as it was supported by a supply deficit in the metal, said Craig Miller, CEO of Valterra Platinum. In an interview...
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Anglo American CEO says South Africa lost a generation of exploration owing to poor minerals policy. https://t.co/yDHvimxtF6
#joburgindaba
miningmx.com
A GENERATION of minerals exploration had been lost in South Africa owing to unsupportive policies, said Anglo American CEO Duncan Wanblad. Speaking at the Joburg Indaba on Wednesday, Wanblad said...
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The Van Eck Gold Miners ETF has outstripped spot gold this year but analysts still think the miners can do better yet.
miningmx.com
THE VanEck Gold Miners Equity ETF has outstripped the spot price of gold this year — yet analysts think shares can still do better. Valuations do not appear “overly lofty”, especially when factoring...
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Mark Bristow leaves Barrick Mining after seven years as CEO, gold miner says.
miningmx.com
MARK Bristow has stepped down as CEO Barrick Mining Corp. with immediate effect, the Toronto-listed company announced on Monday. He will replaced by Mark Hill, head of Barrick’s Latam and Asia...
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Orion secures up to $250m in financing and offtake from Glencore that will bring its Prieska Copper Zinc Mine to production, finally.
miningmx.com
ORION Minerals finally has liftoff on its Prieska Copper Zinc Mine after unveiling today a major financing and offtake deal with Glencore of up to $250m. The Sydney- and Johannesburg-listed copper...
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Pan African CEO Cobus Loots says stage set for extraordinary year as investors remain under-allocated on gold.
miningmx.com
GOLD was expected to remain at “extremely attractive” levels during Pan African Resources’ 2026 financial year, said the firm’s CEO Cobus Loots who added that investment in gold mining shares was...
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Anglo to form Anglo Teck with Canada's Teck Corp. Headquartered in Canada, primarily listed in London and led by Anglo CEO Duncan Wanblad.
miningmx.com
ANGLO American and Teck Corporation today confirmed they had reached agreement on a “merger of equals” of the two miners. To be named Anglo Teck with a valuation of $50bn, the company will be...
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Much needed boost for Anglo's restructuring after UK group concludes R44bn sale of remaining stake in former platinum unit, Valterra Platinum.
miningmx.com
ANGLO American confirmed on Thursday morning it had concluded the sale of its entire remaining 19.9% stake in Valterra Platinum, formerly Anglo American Platinum prior to its demerger in May. The...
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Gold tipped by UBS to test $3,600 to $3,700/oz as political risks and interest rate cuts add "fuel to the fire".
miningmx.com
AFTER a Northern hemisphere summer reverie, gold is expected to resume its bull run with the metal’s price forecast to test $3,700 per ounce. “We expect gold’s rally to continue as its investor base...
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Glencore-Merafe JV announces potential job cuts at ferrochrome facilities as new tariff with Eskom fails to materialised.
miningmx.com
THOUSANDS of jobs will be affected in terms of a restructuring announced by the Glencore-Merafe Joint Venture, South Africa’s largest ferrochrome producer. Merafe Resources said in a statement to the...
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SA's Minerals Council would prefer to "thrash out" minerals bill than fight it in court ... but it will take "a lot of thrashing", says council president Paul Dunne.
miningmx.com
THE Minerals Council wants to “thrash out” with Government the issues it is not happy with in the proposed amendments to the Minerals Petroleum and Resources Development Bill but the process is going...
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Anglo, Peabody to lock horns in court as US firm bails on $3.8bn purchase of metallurgical coal mines.
miningmx.com
THE stage has been set for a legal battle between US coal major Peabody and Anglo American after Peabody terminated its purchase agreement to buy Anglo’s steel-making coal assets in Australia....
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Iconic brand Fabergé sold for $50m by Gemfields.
miningmx.com
GEMFIELDS is to sell iconic jewellery brand Fabergé for $50m in a development that helps bolster the miner’s under-pressure balance sheet. The buyer is US-based private investment company SMG...
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Glencore CEO Gary Nagle says group will "see what happens" in $3.8bn Anglo/Peabody coal deal.
miningmx.com
GLENCORE might lodge its interest in Anglo American’s Australian metallurgical coal mines should their sale to Peabody Energy not be consummated. Last week Peabody CEO Jim Grech raised doubts over...
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Sibanye-Stillwater asks US to impose anti dumping duties on Russian palladium imports.
miningmx.com
SIBANYE-Stillwater has filed an antidumping claim on Russian imports of unwrought palladium which it says are harming the viability of Stillwater, the group’s US mine which produces the metal as well...
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