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    Jacques on Muthumbi junket: next the police minister will go to a renewables congress.

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    The rand plunge reflects SA's leadership woes, says Leopold Scholtz.

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    The SA Tourism CEO should stop shifting blame for the visa fiasco, says Solly Moeng.

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Mining

Iron ore, coal hit mining output

Aug 25 2015 11:16

A 21% slump in iron ore production has placed a dampener on overall mining output, which increased by 4% in June, says Statistics SA.

Mining

BHP cuts China steel forecast as profits plunge

Aug 25 2015 12:02

BHP Billiton says its full-year profit has plunged as commodity prices tumbled and has cut its forecasts for steel demand and output in China, its largest customer.

Mining

Impala Platinum sees lower full-year earnings

Aug 25 2015 17:39

Impala Platinum has flagged lower full-year earnings, mainly due to efforts to ramp up output at its SA mines following a five-month strike in Zimbabwe mine.

Mining

AngloGold offers to buy back bonds to cut debt

Aug 24 2015 20:00

AngloGold Ashanti has offered to buy back $810m of high-yield bonds to cut the third-largest gold producer’s interest payments by almost a third.

Mining

Anglo American sells copper unit for $300m

Aug 24 2015 11:41

Anglo American has agreed to sell its Norte copper unit in northern Chile to a group of investors led by hedge fund Audley Capital Advisors.

Mining

Tough times ahead for foundries

Aug 23 2015 15:00

The country’s 170 foundries face a tough road ahead if they are to remain in business. At least 100 companies in the sector have closed shop since 2003 and production has slowed by 43% since 2007.

Mining

Glencore coal supply deal with Eskom suspended

Aug 21 2015 12:03

Administrators for Glencore's Optimum Coal Mine have suspended the firm's supply deal with Eskom while the mining unit undergoes a financial rescue plan.

Mining

Gold Fields showcases foreign assets to lure in ‘believers’

Aug 20 2015 12:38

Gold Fields CEO Nick Holland says investors are missing the quality of the miner’s foreign operations by focusing on delays and high costs at its South Deep project.

Mining

Exxaro first half earnings drop 62%, cuts dividend

Aug 20 2015 10:56

Mining company Exxaro has posted a 62% fall in half-year earnings and cut its interim dividend following a drop in commodity prices.

Mining

Glencore cuts forecasts on weak metals outlook

Aug 20 2015 10:58

Miner and commodities firm Glencore has cut its forecast for earnings from trading, a division meant to help cushion the company against tumbling commodities prices.

Inside Fin24.com

 
Mining

Cleaning up old mines could cost up to R60bn

Aug 20 2015 07:55

SA is facing a massive regulatory failure as government does not require a levy from mining companies to treat water and there is no enforcement of the laws.

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SMALL BUSINESS

Myths that funding and red tape are the two biggest challenges faced by emerging companies and entrepreneurs, have been debunked by a report.
 

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