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Zimbabwe mine output subdued in first quarter as dollar crunch bites

Zimbabwe mine output subdued in first quarter as dollar crunch bites
22 May 2019 / MacDonald Dzirutwe, Reuters
Gold production was severely hit.
Gordhan says mining firms must reverse job cuts

Gordhan says mining firms must reverse job cuts

Felix Njini, Bloomberg / 22 May 2019
To revive economy and boost investor confidence.
Lonmin plans to cut 4 100 workers as it closes platinum mines

Lonmin plans to cut 4 100 workers as it closes platinum mines

Felix Njini and Loni Prinsloo, Bloomberg / 21 May 2019
The layoffs will come from six old mines that have run out of commercially viable ore.
Amplats considers sale of Twickenham and Bokoni mines – CEO

Amplats considers sale of Twickenham and Bokoni mines – CEO

Zandi Shabalala and Veronica Brown, Reuters / 17 May 2019
The move could potentially complete Amplats' divestment strategy.
PIC said to be concerned by Sibanye offer

PIC said to be concerned by Sibanye offer

Felix Njini, Bloomberg / 17 May 2019
Deal requires the backing of 75% of Lonmin’s shareholders.
Sibanye wins final go-ahead for Lonmin deal

Sibanye wins final go-ahead for Lonmin deal

UPDATE
Wendell Roelf, Reuters / 17 May 2019
The Sibanye takeover of Lonmin aims to create the world's second-largest platinum producer.
Sibanye-Stillwater plans to resume dividend payments in 2020

Sibanye-Stillwater plans to resume dividend payments in 2020

Zandi Shabalala and Pratima Desai, Reuters / 17 May 2019
Miner last made a payout to investors in 2016.
Anglo to build a new diamond-mining boat in next growth move

Anglo to build a new diamond-mining boat in next growth move

Thomas Biesheuvel, Bloomberg / 16 May 2019
The boat will cost $468m and is expected to start operating in 2022, just off the Namibian coast.
Army puts backers off multibillion-dollar Zimbabwe platinum mine

Army puts backers off multibillion-dollar Zimbabwe platinum mine

Felix Njini, Antony Sguazzin and Loni Prinsloo, Bloomberg / 15 May 2019
The mine is held in a joint venture between Zimbabwe's Defence Industry, a Russian investor and others.
Lonmin likely to cut fewer jobs due to revenue boost – CEO

Lonmin likely to cut fewer jobs due to revenue boost – CEO

Zandi Shabalala and Pratima Desai, Reuters / 15 May 2019
The revenue boost from higher palladium prices and weaker rand may allow Lonmin to deploy capital to develop new shafts - CEO.
Companies planning to go off the grid

Companies planning to go off the grid

Ciaran Ryan / 14 May 2019
Anglo Platinum, Sibanye-Stillwater, Makro and the City of Joburg are loosening their ties to Eskom.
South Africa’s golden age is dead. Good riddance

South Africa’s golden age is dead. Good riddance

David Fickling, Bloomberg / 11 May 2019
Even the richest mine eventually runs out.
Ex-Anglo CEO Carroll says ‘conservative’ miners need more women

Ex-Anglo CEO Carroll says ‘conservative’ miners need more women

Krystal Chia, Bloomberg / 10 May 2019
Industry needs to change; push gender diversity.
Race for AngloGold assets may pit Sibanye against rival Harmony

Race for AngloGold assets may pit Sibanye against rival Harmony

Felix Njini, Bloomberg / 10 May 2019
AngloGold Ashanti to exit South Africa.
How Total’s CEO pounced on Anadarko’s African energy assets

How Total’s CEO pounced on Anadarko’s African energy assets

Bate Felix, Reuters / 9 May 2019
Total's CEO remained flexible in negotiations, took a swift decision and ensured there were no leaks until the deal worth $8.8bn was announced.

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