Bushveld posts annual profit despite tough year

Bushveld Minerals has a chunky cash balance as it maps its growth strategy after a hard operational year saved by sharply higher vanadium prices

Government hands over municipal responsibility for houses to mining firms

A draft document from the mineral resources department places housing, health and infrastructure responsibilities squarely on mining companies, setting the ...

Companies / Mining

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BHP plans to expand nickel output amid battery boom

Global miner rules out producing main battery ingredient lithium as it sees such output having slimmer profit

Companies / Mining

De Beers’s rough diamond sales fall further

Fourth sale of the year is the lowest for the May period since 2016

Companies / Mining

Tanzania fines Acacia Mining for pollution

Majority-owned by Barrick Gold, Acacia is involved in a long-running tax dispute with Tanzania

Companies / Mining

Amplats fires 600 striking Mototolo mine workers

The employees are protesting the dismissal but may rue the day they went ahead with an unprotected strike after their union had declared a dispute

Companies / Mining

Minority shareholders urge PIC to block Sibanye takeover bid for Lonmin

Big rise in the price of platinum group metals provides the asset manager with a chance to get a better return from its long-term investment, analyst says

Companies / Mining

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Ann Crotty Writer-at-large

Certainty over deal between Sibanye and Lonmin wanes

Public Investment Corporation, with its 29.3% stake, can block the transaction

Companies / Mining

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Ann Crotty Writer-at-large

Back to the drawing board for Pan African's Royal Sheba plans

Pan African Resources sticks to its full-year gold target and raises the outlook for 2020 as it starts fresh underground mining at Evander

Companies / Mining

Palladium boom gives short-term relief to SA miners

SA miners are saddled with ore that typically produces twice as much platinum as palladium, at a time a platinum surplus is weighing on prices

Markets / Mining

Amcu loses appeal against Sibanye’s bid for Lonmin

The path is now cleared for shareholders in both companies to vote on the all-share deal as some analysts push for a higher offer for Lonmin

Companies / Mining

Foreigners take a shine to SA precious metals shares

Analysis shows foreign investors have increased their exposure to SA-listed gold and platinum producers

Markets / Mining

Anglo Platinum opens smelter at its Zimbabwe mine

State-owned utility guarantees electricity supply

Companies / Mining

De Beers prepares seventh ship to mine Namibia’s seabed

The $468m addition to the Debmarine Namibia fleet is expected to recover 500,000 carats a year

Companies / Mining

Lonmin may cut fewer jobs on palladium revenue boost

Higher prices for a basket of Lonmin’s metals and a weaker rand helped the London-listed miner to an annual pre-tax profit in 2018, its first since 2013

Companies / Mining

Tharisa reports a tough interim period, but retains dividend

Interim profits battered by pit redesign and lower chrome prices, but the company has maintains its full-year production targets and pays an interim dividend

Companies / Mining

South32 reviewing its manganese alloy smelters in SA and Australia

The decision to review the assets follows rising electricity costs and greater competition in China, India and Malaysia

Companies / Mining

Platinum pay deal would boost Ramaphosa’s investment plan

But labour unions are expected to go on strike, which could send platinum prices soaring

Companies / Mining

Rising SA output and recycling add to global platinum supply

World Platinum Investment Council forecasts a market surplus of 375,000oz of the metal, down from the previous year’s 670,000oz of oversupply

Companies / Mining

Industry experts warn on disruption of SA’s platinum industry

Analysts Johnson Matthey warn of potential production risks stemming from strikes and disruptions of power supply to mines by Eskom