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By: Natasha Odendaal Updated 1 hour 42 minutes ago Higher gold production and improved grades in the second half of the 2015 financial year led to JSE-listed Oakbay Resources and Energy narrowing its overall losses for the full year by 84%, while its gross and operating profit swung back into the black. Posting its maiden results since listing on... →
By: Megan van Wyngaardt Updated 1 hour 59 minutes ago Despite a decline in commodity prices, lower demand and persistent low global economic growth, which resulted in deteriorating trading conditions, bulk commodities trader Metmar still achieved positive cash generation of R18.7-million for the financial year ended February 28. “Sinter tolling and... →
By: Megan van Wyngaardt Updated 2 hours 23 minutes ago South Africa’s gold mining industry needed to undergo a structural shift and significant modernisation to curb the socioeconomic pressures it was facing and to create a sustainable, uninterrupted operating environment, South Africa’s gold miners have stated. In the latest update from their ‘This... →
By: Reuters Updated 2 hours 28 minutes ago Platinum miners betting on fuel cell vehicles to help boost demand for the precious metal and lift moribund prices are in danger of having their hopes dashed, at least in the medium term: electric and hybrid cars are taking a bigger share of the market. The world's three largest platinum... →
By: Megan van Wyngaardt Updated 2 hours 51 minutes ago The Department of Health (DoH), along with eight current and historical gold mining companies, on Friday launched their Project Ku-Riha – meaning compensation in Tsonga. The project was aimed at tackling the backlog of compensation claims from mineworkers who suffered occupational lung diseases... →
By: Megan van Wyngaardt Updated 3 hours ago Dual-listed Rockwell Diamonds’ fourth-quarter operating performance was negatively impacted by lower grades at its Saxendrift operation, lower volumes at its Niewejaarskraal project and a drop in overall carats sold. “While we achieved revenue growth of 19% to C$17.1-million and our average cash... →
By: Reuters Updated 4 hours ago South African gold producer Harmony Gold is in talks with unions to cut more than 3 000 jobs at its Doornkop mine, the National Union of Mineworkers said on Friday. Officials at Harmony could not be reached for comment. →
By: Creamer Media Reporter Updated 6 hours ago JSE-listed Bauba Platinum has appointed Carl-Heinz Gernandt to succeed Willem Moolman as FD, effective May 30. Gernandt obtained a BCom internal auditing degree from the University of Pretoria in 2002 and was a member of the Association of Certified Chartered Accountants and Certified General... →