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LATEST Mining companies, investment and exploration  

Sibanye-Stillwater to sell 51% stake in Canadian PGM-copper project

26 Jun 2019 /  Tanisha Heiberg, Reuters   
The stake is being sold to Generation Mining, which will also be the operator of the JV.

Northam Platinum expects Kukama shaft to be operational in FY 2020

26 Jun 2019 /  Nqobile Dludla, Reuters   
A feasibility study on the project has reached conclusion.

Amplats expects 80% jump in half-year earnings

25 Jun 2019 /  Tanisha Heiberg, Reuters  
On the back of increased metals price and one-off impairments that weighed on results in the same period a year earlier.

Num seeks platinum mine comeback

21 Jun 2019 /  Paul Burkhardt and Antony Sguazzin, Bloomberg    4
The union wants to represent 30% of the more than 167 000 workers at platinum producers, by the end of 2019.

Mercuria, SA firms place bids for South32’s SAEC coal mines

20 Jun 2019 /  Zandi Shabalala and Mfuneko Toyana, Reuters   
The consortium includes, Seriti Resources, which says it is on the hunt for more coal assets.

Zambian court rejects Vedanta bid to join liquidation case

20 Jun 2019 /  Chris Mfula, Reuters   
Court grants Vedanta Resources leave to appeal.

Ignored by big banks, smaller gold miners are paying more to expand

20 Jun 2019 /  Justina Vasquez, Bloomberg   
Smaller companies struggling to meet deadlines and budgets on new projects are being forced to turn to private equity to expand.

Barrick offers more talk but not more stock for Acacia stake

20 Jun 2019 /  Danielle Bochove and Elena Mazneva   2
Miner given three-week extension to make formal offer to minority shareholders.

Amcu seeks R17 000 monthly basic wage in pay talks

14 Jun 2019 /  Tanisha Heiberg, Reuters   5
Demands are 'realistic and achievable', Amcu president says.

World’s top platinum miners brace for ‘substantial’ wage demands

13 Jun 2019 /  Felix Njini   7
Amcu says it will ask for more than the basic monthly pay of R12 500 that it’s been targeting for the past seven years.

World’s top platinum miners brace for ‘substantial’ wage demands

13 Jun 2019 /  Felix Njini, Bloomberg   1
As workers eye windfall earnings from a rally in metal prices.

Anglo American through the ages

13 Jun 2019 /  Ciaran Ryan   20
It launched South Africa's industrial age to support its mining activities, but since 2012 has halved the number of its assets. Where to now?

Vantage Goldfields and the hazards of business rescue

12 Jun 2019 /  Ciaran Ryan   1
It’s a been long and litigious road for two companies in rescue, and another volley has just been fired.

Sibanye-Stillwater reduces job cut plan in gold shake-up

5 Jun 2019 /  Reuters   1
Retrenchments are politically sensitive in SA, where unemployment sits at more than 27%.

Another tetchy AGM for Perth-based MRC

5 Jun 2019 /  Ciaran Ryan  
Subject of defamation suits against six South Africans again came up.

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