O nce the flywheel of South Africa’s economy, the mining sector is now in decline. Investor flight, regulatory chaos, and policy failures are driving capital elsewhere —leaving the country’s mining ...
SHARES in Anglo American fell more than six percent on Monday morning in Johannesburg following a report BHP had backed off from making a bid for the company. Citing people familiar with the situation ...
PERSEUS Mining this week gave the green light to the $124.6m expansion of its Yaouré gold operation in Côte d’Ivoire – a development that will see mining continue at the site until at least 2035. The ...
GEMFIELDS Group said it could resume exports of emeralds from Zambia as a duty on gemstones re-imposed by the southern African country in January “may be revoked”. Commenting in an operational update ...
UK-listed Neo Energy Metals is to sell a 30% stake in its South African subsidiary to SSC Group in an empowerment deal valued at R390m. SSC Group will take a 20% stake in Neo Uranium Resources Beisa ...
THE person hired by Sibanye-Stillwater four years ago to drive its merger and acquisition strategy has resigned from the company. The miner announced on Monday Laurent Charbonnier had decided to leave ...
THE lawyer for suspended Exxaro Resources CEO Nombasa Tsengwa promised to “expose an agenda” waged against his client and the company’s board, led by chair Geoffrey Qhena. Eddie Claasen told Business ...
RICHARDS Bay Minerals (RBM) on Thursday announced a third renewable energy supply agreement which will see the KwaZulu-Natal operation reduce greenhouse gas emissions by 60%. In terms of a power ...
A DECISION in August by Glencore management to retain the group’s coal assets raises the possibility of much-improved cash dividends and cash generation, analysts say. That’s the central thesis for ...
IN the final knockings of 2024 Sibanye-Stillwater sold its Beatrix 4 shaft to a little-known junior miner, UK-listed Neo Energy Metals. In terms of easing the group’s debt, it achieves little on its ...
VEDANTA Resources, the London-based parent company of Vedanta Ltd, has appointed South African mining executive Deshnee Naidoo as its CEO. Naidoo was previously head of Vedanta Zinc until leaving for ...
IMPALA Platinum (Implats) said on Monday it had signed a power purchase agreement from a renewable energy aggregator that will supply 90% of energy requirements for its Impala Refining Services in ...