ARM Coal profits driven by increased export thermal coal prices
Significantly higher export coal prices drove a R1 178 million increase in ARM Coal headline earnings to R928 million (F2021:
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South Africa
A feasible South African policy solution to the crisis of electricity generation
The electricity crisis in South Africa is self-inflicted. This has become clear from the many costly disruptions in electricity supply
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Pan African will acquire Mogale Gold and MSC in the next month
In November 2020, Pan African Resources announced that the Company had entered into conditional sale of shares agreements to acquire
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Bokoni Mine to employ mechanised mining methods
The acquisition of Bokoni Platinum Mine was completed by African Rainbow Minerals on 12 August 2022. The purchase consideration of
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Northam Platinum: Difficult operational environments at its mines
Notwithstanding the array of challenges faced during the year the year ended 30 June 2022, Northam Platinum operations collectively achieved
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MC Mining reaps the benefit of favourable coal prices
MC Mining says it has made very pleasing progress during the last four months. This includes securing the standby loan
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Hulamin: Sales volume increased to 103,300 tons, revenue up by 45%
Hulamin says in its interim results for the period ended 30 June 2022 that the year 2022 began with solid
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Harmony Gold: Higher production costs, higher impairment loss
Johannesburg – Harmony Gold Mining Company has advised that basic earnings for FY22 will be lower than for the year
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Higher ferrochrome prices improve Merafe Resources results
Merafe achieved a profit of R925 million for the six months ended 30 June 2022, as a result of higher
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Transnet continues to ruin the SA mining industry
On 14 April 2022, Thungela issued an announcement on SENS and RNS informing the market that Transnet SOC Ltd, acting
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NORTHAM PLATINUM: margin pressures and lower 4E metal prices
Johannesburg – As published on 20 September 2021, Northam Holdings was introduced as the new holding company for the group.
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DRDGOLD slightly exceeds production guidance for the year ended 30 June 2022
DRDGOLD’s production guidance for the Current Reporting Period was between 160 000 and 180 000 ounces of gold at a
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Eastern Platinum reports results for the second quarter of 2022
Vancouver, British Columbia – Eastern Platinum has reported that revenue for Q2 2022 increased to $20.5 million (Q2 2021 –
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Newcastle blast furnace: 5 382 carbon blocks, 14 047 refractory bricks
ArcelorMittal South Africa average capacity utilisation decreased from 59% in the 2021 comparable period to 42% in 2022 and should
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It’s time to end Eskom’s monopoly
In 2022 alone, we have had a combined 673 hours of loadshedding (at time of writing); that is 28 days
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AMSA: SA steel consumption for H1 2022 decreased by 14%
Global crude steel production decreased to 949 million tonnes due largely to plant idling because of pandemic-related lockdowns, high inventories
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Thungela: Marginalised coal brings excellent returns
Coal miner Thungela is a bit of a pun, really. Anglo American gave the business away to its shareholders at
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ArcelorMittal SA to develop two 100MW renewable energy projects
ArcelorMittal South Africa has shown stronger headline earnings of R3 025 million for 2022 (2021: R2 482 million) were supported
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The FMF’s solution to loadshedding: Break Eskom’s monopoly
Talk of establishing a second electricity utility owned and operated by the government to “compete with Eskom” is of grave
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Pan African: Record gold production and significant reduction in debt
Pan African has provided its gold production figures and a preliminary operational update for the financial year ended 30 June
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Pan African concludes Mintails’ Mogale Gold DFS
Pan African Resources has announced that the Company successfully completed a DFS on the Mogale Gold Tailings Storage Facilities (“TSFs”)
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Ramaphosa hits all the right notes for cooperation in mining
Johannesburg – President Cyril Ramaphosa’s speech at the Investing In African Mining Indaba noted the successes that can be achieved
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Eastern Platinum increased revenue for Q1 2022 to $17.4 million
Vancouver, British Columbia – Eastern Platinum has reported that it has filed its condensed interim consolidated financial statements for the
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Ivanhoe Mines completes Platreef’s Production Shaft 1 at PGM-gold project
CAPE TOWN, SOUTH AFRICA – Ivanhoe Mines has announced at the African Mining Indaba Conference, the completion of the Shaft
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Orion to develop battery metals refining facility in the Northern Cape
Orion has announced a significant development in its strategy to create a fully-integrated base metal mining and processing business, producing
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Pan African commissions solar photovoltaic plant at Evander Gold
Rosebank – Pan African Resources has informed that its Evander solar photovoltaic (PV) renewable energy plant commenced the generation and
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Orion’s US$87m funding package for Prieska Copper-Zinc Mine
Orion has announced that it has taken a pivotal step towards the development of its flagship Prieska Copper-Zinc Mine (Prieska
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IRS benefited by higher deliveries from third parties
Quarter ended 31 March 2022, Impala Refining Services’ concentrate receipts were positively impacted by higher deliveries from third parties, which
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Pan African extends its world class ore bodies at Barberton Mines
In recent years, Pan African has increased its exploration focus on the down-dip extension of the existing ore bodies at
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Multiple loss-of-life incident at Kusasalethu gold mine
Johannesburg – Harmony Gold Mining Company has reported that four of its employees have tragically lost their lives following an
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