The shares of junior gold miner Simmer & Jack fell on the announcement of the company's R65-million post-rationalisation loss in the six months to September 30.
Earlier this week, disgruntled empowerment partner Vulisango called on Simmers to...
Midtier platinum-miner Aquarius Platinum has started the second phase of the re-establishment project at its Everest mine in South Africa, paving the way for the mine to resume operations by September next year.
The second-phase of the project...
Canadian diversified miner Teck Resources won't argue with suggestions that it could achieve its own targets for debt ratios by early next year, a top executive said on Wednesday.
The company is aiming to put itself in a position that will merit...
Gold-miner AngloGold Ashanti tragically lost eight of its miners during its second quarter ending June 30, 2009.
Gold-mining major AngloGold Ashanti has stepped-up its exploration efforts for the second quarter, spending $43-million on exploration activities compared with the $31-million spent during the previous quarter.
The exporting of raw chrome ore to China is still a problem that is a thorn in the side of the South African ferrochrome industry, however, moves to block such exports are being made at the highest level, reports ferrochrome major Merafe Resources.
South African gold major Gold Fields, which plans to spend R8,5-billion capital in its current financial year, may have to review that expenditure if the volatile rand continues to squeeze profit margins and the company's mines fail to achieve...
Zimbabwean gold-mining companies, which are now free to sell their gold on the open market, are capable of producing at a rate of 50 t/y, Zimbabwe Chamber of Mines president Victor Gapare said on Wednesday.
Gapara told the Omega Mining in Africa...
South African miner Merafe Resources expects the demand for ferrochrome to recover in the short to medium-term, CEO Steve Phiri said on Tuesday.
Speaking at the company’s interim financial results presentation in Johannesburg, Phiri said that...
Diversified mining major Anglo American already has scale, its CEO Cynthia Carroll said at the weekend, reiterating the company's rejection of Xstrata's scale-and-size-providing merger of equals.
Mining Weekly Online asked Carroll if Anglo's...
Africa’s top gold producer, AngloGold Ashanti, reported an 11% increase in second quarter adjusted headline earnings to a record, after improved performance from its operations in Tanzania and Ghana boosted production.
Adjusted headline...
“The longer the time horizon of an investment, the more sensitive projects are to macroeconomic risks. Remember, with green fields projects the investor could, in principal, be more than 15 years away from the first cash-flow. That is a crucial...
Currency-hit Anglo Platinum (Angloplat) expects South Africa's rand to trade weaker towards the end of 2009.
“Although the current rand strength, which is depressing the rand revenue basket at present, is of concern, we do expect the rand to...
