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Mining

Glencore widens debt plan to weather rout

Aug 24 2016 16:15

Glencore has sharpened its plan to cut debt after reporting its worst half-yearly profit since listing in London five years ago.

Mining

Harmony Gold hunts deal to fill output gap

Aug 24 2016 09:50

Harmony Gold is willing to use debt and equity to buy a profitable mine that will offset falling production and help fund a major new project in Papua New Guinea.

Mining

Glencore profit dives 66% on raw-materials price rout

Aug 24 2016 09:31

Glencore, the miner and commodity trader run by billionaire Ivan Glasenberg, has posted a 66% drop in first-half profit on lower raw-materials prices.

Mining

Implats issues profit warning statement

Aug 23 2016 15:21

Impala Platinum has issued a profit warning statement to say that earnings for the year to June 30 2016 will be much lower than the prior year.

Mining

Sasol boosts Lake Charles costs to ‘worst-case’ R148bn

Aug 23 2016 10:20

Sasol has raised its cost estimate for the Lake Charles chemical project in the US by almost 25% to $11bn (R148bn) following a review.

Mining

Now anybody can scuba dive for diamonds

Aug 23 2016 21:05

Diamond diver Wynand Hendrikse spends his days sailing off the western coast, exploring a private offshore concession. Now, you can too.

Mining

Why diamonds are a billionaire like Wiese’s best friend

Aug 23 2016 06:45

Christo Wiese, SA’s richest man, sees opportunities to consolidate diamond operations in the region after buying a stake in Trans Hex.

Mining

David Herro sells Glencore shares after stock double

Aug 22 2016 19:21

David Herro, one of the biggest investors in Glencore, has reduced his stake in the commodity trader and miner, locking in profits after the stock doubled this year.

Mining

Lonmin CEO refutes claim that miners prefer living in shacks

Aug 19 2016 13:42

Lonmin will investigate a statement made by its spokesperson that miners at Lonmin's platinum mine in Marikana would prefer to live in informal settlements.

Inside Fin24.com

 
Mining

One of the world’s biggest gold deposits is finally making money

Aug 18 2016 18:17

Gold Fields’s troubled South Deep mine has generated positive cash flow for the first time since the company bought the operation for about $3bn in 2006.

Mining

Exxaro first-half profit rises 2% on gains

Aug 18 2016 09:25

Exxaro Resources has reported a 2% gain in first-half profit due to of an increased contribution from the South African miner’s coal business.

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