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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South Africa
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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Pan African demonstrates resilience and operational flexibility
Pan African Resources’ improved operational and financial performance for the six months ended 31 December 2020 continues to demonstrate the
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Sulphide stench fills the air in Gauteng. Why?
Gauteng residents have experienced a sulphide stench from early Saturday morning. The cause of the smell is not unknown as
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ARM doubles earnings due to higher iron ore and PGM prices
African Rainbow Minerals in its trading Statement for the six months ended 31 December 2020 says headline earnings for 1H
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Northam Platinum continues to develop low-cost, long-life assets
Northam in its trading statement and trading update says that a key feature of H1 F2021 has been the positive
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