Incompetence at Eskom continues to harm SA’s economy
Eskom has implemented Stage 4 loadshedding from 15:00 on 2 September 2020 as power system was still severely constrained and
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South Africa
DRDGOLD increases operating profit by 320%
The DRDGOLD’s total gold production increased by 9% to 5,424kg, reflecting an 8% increase in total throughput to 26.3Mt and
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Gold price major benefit for Pan African
Pan African Resources has announced that its headline earnings per share (HEPS) and earnings per share (EPS), in respect of
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Gold Fields beats COVID-19 restrictions in South Africa
Gold Fields’ South Deep operation was severely impacted by the COVID-19 pandemic and related lockdown restrictions during H1 2020, with
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ARM reports 6% increase in headline earnings
The financial year ended 30 June 2020 was challenging, said African Rainbow Minerals Limited, particularly in the second half of
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Minerals Council calls for eradication of corruption
Calling for visible leadership in the fight against corruption, the Minerals Council South Africa has urged the President and the
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AMSA’s Newcastle blast furnace breaks down
Reuters reported that ArcelorMittal South Africa has declared force majeure after a breakdown of a blast furnace at its Newcastle
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Northam Platinum realises record revenue and profit
Despite the challenges of the COVID-19 pandemic, this has been a record year for Northam. The group achieved record sales
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Merafe suffers loss due to low ferrochrome price
Merafe Resources Limited, incorporated in the Republic of South Africa, has released the trading statement for the six months ended
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South Africans plan mass global demonstration
The immense socio-economic impact under one of the world’s most extreme lockdown’s during the Covid-19 pandemic has resulted in South
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Government cadres can’t run state companies
Responding to a written parliamentary Q&A in which he was asked about how much money was spent since the ANC
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Sibanye-Stillwater: Marikana integration has contributed positively
Sibanye-Stillwater has reported operating and financial results for the six months ended 30 June 2020. The Group delivered solid operating
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DRDGOLD expects excellent results
DRDGOLD is in the process of finalising its results for the year ended 30 June 2020 and the Company has
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Amplats to transfer R2bn into community share scheme
Anglo American Platinum has announced the successful settlement of its community share scheme (Alchemy), on behalf of the regional development
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Implats reports almost 1000% increase for basic earnings
Implats issued a trading statement on SENS on 23July 2020 indicating that it expected to report that both basic and
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Jubilee secures further supply of chrome and PGM ROM feed
Jubilee Metals Group, a metals processing company, has announced that it has executed a processing agreement whereby Jubilee has been
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AngloGold Ashanti’s exit from SA delayed by government
AngloGold Ashanti exit from SA delayed by government AngloGold Ashanti has to keep its shares trading on the JSE to
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Insimbi Group ‘performing better than expected’
Insimbi has reported that group revenue increased by 5,9% from R4,5 billion to R4,8 billion. This increase is attributable to
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Sibanye-Stillwater: from red to green amid strong gold, PGM prices
Sibanye-Stillwater advises in its trading statement for the six months ended 30 June 2020, that it expects an approximate 3,780%
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Afrimat acquires manganese and iron ore business
Afrimat has entered into a Sale of Shares agreement with the Sellers, in terms of which the Company will purchase
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Minister’s withdrawal of appeal on empowerment
The Minerals Council South Africa notes the decision by Minerals Resources and Energy Minister Gwede Mantashe to withdraw his notice
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Palladium: a rollercoaster ride amid COVID-19 pandemic
Palladium price managed to hold its ground above USD 2,000 per ounce in 1H2020 despite plunge in global car sales
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Prieska Copper-Zinc Project is now “shovel-ready”
Orion Minerals Limited has announced that the Prieska Copper-Zinc Project is now fully permitted following grant of final mining right.
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Sasol drops to $5.3 billion annual loss on lower oil prices
Sasol delivered a satisfactory set of business results for the first half of the year, driven by oil prices averaging
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ArcelorMittal SA disposes of its interest in iron ore
ArcelorMittal South Africa, through its wholly-owned subsidiary Oakwood Trading and together with other co-owners of COZA, has entered into an
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Gold production at Harmony higher than anticipated
On 27 March 2020, South Africa was placed under national lockdown, to curb the spread of the Coronavirus. All of
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Harmony to acquire Mponeng and Mine Waste Solutions
Harmony’s intention to acquire the last of AngloGold Ashanti’s assets in South Africa for US$300 million (comprising a $200 million
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Jubilee acquires new chrome processing facility
Metals processing company, Jubilee Metals Group has entered into a third party Run-Of-Mine chrome ore offtake agreement that fully commits
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Northam achieves record profit despite production losses
Northam expects to achieve a record operating profit for the year ended 30 June 2020, underpinned by a solid performance
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SA’s energy crisis has triggered lots of wrong ideas
by Hartmut Winkler. Since late last year, South Africans have, once again, been subjected to power cuts by the power
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