South Africa: Economic outlook for 1H21
Global economic growth recovery is anticipated to continue into 2021. However, the resurgence of COVID- 19 infections will weigh on
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South Africa
Amplats safely completes the converter plant Phase A rebuild
Anglo American Platinum has safely and successfully completed the rebuild of the Anglo Converter Plant (ACP) Phase A unit, with
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Kumba iron ore production comes in at bottom of guidance
The iron ore miner has expressed its opinion that iron ore production would come in at the bottom of its
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Finch: SA economy not likely to recover over medium term
Fitch Solutions does not forecast South Africa’s economy to fully recover from the Covid-19 pandemic over our medium-term forecast period
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Exxaro expects an increase of 27% in export volumes
COVID-19 (the pandemic) and associated control measures resulted in a record decline in real GDP for the second quarter of
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Tharisa likely to deliver 300% improvement in earnings
In terms of the JSE Listings Requirements, companies are required to provide guidance to the market when they are satisfied
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Export tax may have destructive impact on SA chrome industry
An independent chrome ore producer group, made up of both primary and by-product chromium miners in South Africa, Chrome SA,
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Moabsvelden Coal to produce 2.4m tonnes per annum
Wescoal announced the commencement of the box cut phase of the Moabsvelden project which will produce 2.4 million tonnes per
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Global refined platinum production fell 2%
The World Platinum Investment Council (WPIC) says global refined platinum production fell 2% (-37 koz) year-on-year to 1,493 koz in
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Tragedy at Gamsberg mine sends zinc soaring
AGGENEYS, RSA – The management of Vedanta Zinc International (VZI)’s Gamsberg Mine (Black Mountain Mining (Pty) Ltd), and Aveng Moolmans
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Platinum supply and demand recovered significantly in Q3 2020
According to the World Platinum Investment Council (WPIC), platinum supply and demand both recovered significantly in the third quarter of
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Eskom reduces coal off-take from Wescoal
Wescoal’s major customer, Eskom reduced coal off-take in response to lower electricity demand during the government-imposed lockdown in South Africa
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South Deep increases gold production as lockdown eases
South Deep Gold Mine was significantly impacted by the COVID-19 pandemic and related lockdown restrictions during Q2 2020, says Gold
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Wescoal returns to profitability
Wescoal Holdings in its update before declaring interim results for the six months ended 30 September 2020 says the return
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Theta Gold brings pit mining to Eastern Transvaal
PILGRIM’S REST – Theta Gold Mines Limited controls the Eastern Transvaal Gold Fields, where South Africa’s gold mining industry began
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Eastern Platinum remains in red despite improvements
VANCOUVER, British Columbia – Eastern Platinum Limited (Eastplats) has reported its financial results for Q3 2020 as follows: Revenue for
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Gemfields to sell its stake in Sedibelo Platinum
LONDON – Gemfields Group, a South African external company incorporated in Guernsey, has commenced a sale process for its 23.65%
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DRDGOLD wins Sunday Times Top 100 Companies Awards
JOHANNESBURG – DRDGOLD has announced that it was named the Sunday Times Top 100 Company of the Year. In 2020,
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Death-knell for proposed coal-fired power station in SA
PRETORIA, RSA – Major climate impacts and exorbitant costs have sounded the death knell for one of the last new
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Gold Fields produces solid 557koz gold in Q3 2020
SANDTON, RSA – Nick Holland, Gold Fields’ Chief Executive Officer, in “Operational update for the quarter ended 30 September 2020”,
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Kumba outlines its commitment to low carbon world
SISHEN – Climate change is one of the biggest environmental challenges facing the world. Kumba’s environmental management efforts are focused
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PPC cement sales continue to show double-digit growth
As previously reported, PPC experienced muted sales in April and May 2020 due to the COVID-19 restrictions imposed across most
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Jubilee Metals’ revenue increases sharply
Jubilee, a metals processing company, has announced its audited results for the year ended 30 June 2020. Group Revenue increased
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Harmony Gold: Integration of Mponeng and Mine Waste Solutions
In June 2020, Harmony Gold Mining Company raised US$200 million (R3 466 million) by way of a share placement to
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Harmony performing strongly amid high gold prices
Harmony Gold Mining Company has reported a strong operational performance in the first quarter of financial year 2021. In a
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Pan African to acquire gold tailings retreatment projects
Pan African has announced that the Company has entered into conditional agreements to acquire Mogale Gold and Mintails SA Soweto
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Amplats closes its converter plant amid more leaks
Anglo American Platinum has made the pre-emptive decision to close the Anglo Converter Plant (ACP) Phase B unit, following a
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African productions push manganese down
In 2019, manganese ore prices experienced a gradual softening over the first three quarters of the year, followed by an
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