Tanzania fines Acacia Mining for pollution

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

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

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

Certainty over deal between Sibanye and Lonmin wanes

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

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

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

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

Foreigners take a shine to SA precious metals shares

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

Anglo Platinum opens smelter at its Zimbabwe mine

State-owned utility guarantees electricity supply

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

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

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

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

Platinum pay deal would boost Ramaphosa’s investment plan

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

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

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


Published by Tiso Blackstar and distributed with the Financial Mail on the last Thursday of every month except December and January.