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By: Henry Lazenby Updated 7 hours ago Cash-strapped Walter Energy has suspended its quarterly dividend on its common stock Wednesday, saying the move would help to enhance its financial flexibility in the current turbulent metallurgical coal market conditions. The pure-play metallurgical coal producer had previously paid a quarterly... →
By: Henry Lazenby Updated 7 hours ago With many a miner’s focus firmly trained on cost cutting and productivity, companies must not neglect talent management, professional services firm EY said on Wednesday. The end of the mining boom did not mean victory in the “war for talent”, according to a new EY report. Instead, EY said it was... →
By: Reuters Updated 7 hours ago Canada's main stock index dropped over 1.5% on Wednesday after the Federal Reserve's comments about the US economic recovery signalled to investors that the central bank was likely to raise interest rates as planned later this year. The Fed said it will remain "patient" in deciding when to raise... →
By: Henry Lazenby Exploration junior Giyani Gold on Tuesday said it continued to work towards recovering funds owed to it by South African State-owned Corridor Mining Resources (CMR), its joint-venture partner on the Giyani gold project located in the Limpopo province. TSX-V- and JSE-listed in the Giyani believed... →
By: Henry Lazenby Precious metals streaming firm Sandstorm Gold this week announced that it had entered into no fewer that ten royalty agreements on properties in West Africa and the US. TSX- and NYSE MKT-listed Sandstorm said it expected the royalties to provide it with long-term exposure to a number of... →
By: Megan van Wyngaardt Aim-listed miner Bellzone on Wednesday reported that it was finalising its $30-billion secured debt agreement with China Sonangol International to meet its liabilities. The company last year reported that it had been unable to secure long-term financing, with China Sonangol providing short-term... →
South Africa-focused platinum miner Aquarius increased its output by 2% quarter-on-quarter and 5% year-on-year to 174 953 oz of platinum-group metals (PGMs) in the three months ended December 31. This was despite a sharp drop, by 8%, in PGM prices during the period to $1 208/oz – the lowest for... →
By: Natalie Greve Amid a growing appreciation by government of the challenges and impasses constraining the South African mining sector, consulting group Deloitte believes it unlikely that Finance Minister Nhlanhla Nene will, during his 2015/16 National Budget speech next month, introduce new mining taxes or... →