Exxaro shows increase in profit between 13% and 27%
Exxaro and its directors report that headline earnings for the year ended 31 December 2020 are expected to decrease between
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South Africa
Deteriorating Eskom extends load shedding
Eskom informs the public that the implementation of Stage 2 loadshedding will continue until 05:00 on Wednesday as the generation
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Ivanhoe Mines issues review of mine construction progress
TORONTO, Canada ‒ Ivanhoe Mines has announced its financial results for the year ended December 31, 2020. The highlights include:
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Bauba Resources gets vital cash injection
Bauba Resources, a chrome concentrate producer, has referred to the cautionary announcement released on SENS on 1 March 2021, wherein
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Electricity remains key risk for ferrochrome smelters
Electricity supply and pricing remain key risks for our business and the broader ferro alloy sectors. The electricity tariff increased
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Eskom irritates the SA economy again!
JOHANNESBURG – poorly run and debt stricken Eskom says Stage 2 loadshedding will be implemented from today until 23:00 Friday
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Kumba iron ore chairman to retire
Dr Mandla Gantsho intends to retire as Chairman of the board to devote more time to his personal business interests.
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BEE and affirmative action drive corruption in SA
Political economist Moeletsi Mbeki, deputy chair of the South African Institute of International Affairs, believes BEE and affirmative action are
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Royal Bafokeng Platinum achieved record production
Despite the negative impact of the Covid-19 pandemic on Royal Bafokeng Platinum (RBP) operations and the business as a whole,
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Merafe’s strong and ungeared to withstand challenging times ahead
The COVID-19 pandemic has destabilised the global health systems and disrupted economies. This pandemic coupled with an already fragile operating
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McKinsey, Trillian were to grab R10bn from Eskom
The commission of inquiry into state capture has heard that Global consulting company McKinsey & Company, alongside Trillian Capital, wanted
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Prieska Copper-Zinc Project is officially “shovel-ready”
During the half-year, Orion Minerals continued to progress its portfolio of South African base metal projects, with the main focus
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Eastern Platinum retreatment projects review
Vancouver, British Columbia – Eastern Platinum Limited (Eastplats) has provided the Retreatment Project operations technical summary for 2019 and 2020.
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ARM reports record headline earnings of R5bn for 1H F2021
Despite Covid-19-related global economic challenges and uncertainty, African Rainbow Minerals (ARM) report records headline earnings of R5 039 million for
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Glencore Alloys explores cogeneration and clean energy projects
Glencore’s ferrochrome business confirmed that it is exploring cogeneration projects at its South African sites, while also giving an indication
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SA economy: Light at the end of tunnel?
The Budget, was it good or bad? Will it give us more economic freedom and prosperity? The good news is
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Minerals Council: Govt sends positive signal for growth and competitiveness
JOHANNESBURG – In presenting a plan for stabilising government debt at 88.9% of Gross Domestic Product (GDP) in four years’
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PPC restructures and refinances its projects
SANDTON – PPC is undertaking a restructuring and refinancing project with the objective of implementing a sustainable capital structure and
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Gold Fields gets approval for South Deep solar plant
Johannesburg – Gold Fields says it welcomes the electricity generation licence approved today by the National Energy Regulator of South
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Merafe Resources reduces its losses by almost 86%
Sandton – Because the JSE listings requirements, issuers are required to publish a trading statement as soon as they are
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Implats PGM production increases by 29%, profit triples
Implats delivered stellar results for its half year ended 31 December 2020 despite the challenges presented by navigating Covid-19. An
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Exxaro to dispose of its shareholding in Tronox
PRETORIA – Exxaro Resources has announced that it commenced a public offering in the United States of up to 17
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Kumba Iron Ore delivers record earnings
Kumba Iron Ore Co. reports that it has capitalised on its product quality, a higher average realised price of US$115/tonne
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HARMONY: Emerging mining specialist with diversified and de-risked portfolio
JOHANNESBURG – Harmony Gold Mining Company in its financial and operating results for the interim period ended 31 December 2020
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Anglo American Platinum reports strong recovery in H2-2020
Despite the impact of Covid-19 on operations, Anglo American Platinum saw metal-in-concentrate production decrease by only 14% for the year,
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Harmony Gold reports 8% increase in gold production
Johannesburg – Harmony Gold Mining Company advises that net profit for H1FY21 will be between R5.7 billion and R5.9 billion
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Tragic incident at AMSA coke oven battery
VANDERBIJLPARK, RSA – ArcelorMittal South Africa has announced that an incident at its Vanderbijlpark operations on Wednesday, 17 February 2021,
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Ivanplats arranges US$420 million financing for Platreef
MOKOPANE, South Africa – Ivanhoe Mines’ South African subsidiary, Ivanplats, has signed a non-binding term sheet with Orion Mine Finance,
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SASOL Statement: Sulphur emission enquiry Pretoria and Johannesburg region
Date: 16 February 2021 Sasol can confirm that recently our Secunda Operations in Mpumalanga have been stable with no operational incidents
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President Ramaphosa’s speech at Mining Indaba
Our message to international investors is that we are taking practical measures to build an economy that is underpinned by
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