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Critical Metals publishes prospectus ahead of LSE listing

By: Donna Slater     25th September 2020 Investment company Critical Metals, on September 24 published a prospectus which has been approved by the Financial Conduct Authority (FCA) relating to the admission of 30.3-million ordinary shares of £0.005 apiece to listing on the standard segment of the official list of the FCA and to trading... 

Minergy achieves milestones despite Covid-19 impact

By: Tasneem Bulbulia     25th September 2020 Coal mining and trading company Minergy recorded considerable achievements and milestones during the financial year ended June 30, despite a significant part of the year being impacted by Covid-19. “Despite border restrictions between South Africa and Botswana (a minimum of 15 weeks), Minergy, in... 

Gold windfall heading for investors with miners vowing restraint

By: Bloomberg     24th September 2020 Gold companies are vowing to give investors a greater share of the windfall from surging prices, without losing the fiscal discipline that’s returning to the industry. Even as bullion bounces around near record heights, helping lift miners’ cash flow and share prices, the mood -- at least... 

Anglo Asian pushes ahead with growth plans; first-half delivers strong cash generation

By: Marleny Arnoldi     23rd September 2020 Aim-listed gold, copper and silver producer Anglo Asian Mining has declared an interim dividend of $0.04 apiece for the six months ended June 30, which is 29% higher year-on-year. The company says it will consider a special dividend in the first quarter of 2021 the back of ongoing strong cash... 

Mining well placed to maintain healthy profits despite pandemic impacts, says Stanlib 

By: Marleny Arnoldi     18th September 2020 Asset manager Stanlib says the scars from a blow-out of corporate bond yields and indebted miners finding themselves on the brink of collapse have ultimately introduced good balance sheet and operational discipline into the sector. This included rationalising growth plans and consolidating... 

Polyus net profit up 63% on higher gold prices

By: Reuters     7th September 2020 Russian largest gold producer Polyus said on Monday that its second-quarter net profit rose 63% year-on-year to $684-million due to a 31% increase in gold prices. Its second-quarter adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) were at $860-million, up 42%... 

Implats ups capex guidance to R6bn-plus for new financial year 

By: Martin Creamer     4th September 2020 Platinum group metals mining and marketing company Implats, which generated free cash flow of R14.4-billion in the 12 months to June30, is forecasting capital expenditure (capex) of between R6-billion and R6.8-billion in the new 2021 financial year. This is well up on the capex of R4.5-billion in... 

Introducing PIOX: the durable flow measurement solution for harsh industrial applications

By: Creamer Media Reporter      4th September 2020 Reliable flow monitoring is the cornerstone of any successful minerals processing operation. Having real-time, accurate insight into your process is critical, and FLEXIM’s latest solution, PIOX S, offers just that. PIOX S realises accurate and continuous flow, density, and concentration... 

Copper heads for historic squeeze with China’s demand red-hot

By: Bloomberg     3rd September 2020 The global copper market could be on the cusp of a historic supply squeeze as Chinese demand runs red hot and exchange inventories plunge to their lowest levels in more than a decade. A growing chorus of traders and analysts say those dwindling spot reserves could trigger a further surge in... 

Buffett looks to Japan with $6bn bet on five biggest trading firms

By: Reuters     31st August 2020 Berkshire Hathaway has bought a 5% stake in each of Japan's five biggest trading houses, together worth over $6-billion, marking a departure for chairman Warren Buffett as he looks beyond the United States to diversify his conglomerate. The long-term investment in Itochu Corp, Marubeni Corp,... 

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