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Mining

Release coal docs at your own peril, Guptas warn Treasury

Aug 25 2016 14:43

Four days before the Guptas’ business chiefs ambushed Finance Minister Pravin Gordhan on radio, their company Tegeta threatened Treasury over a coal report.

Mining

Glencore drags down mining shares

Aug 25 2016 14:17

Mining shares have retreated, dragged down by a second day of losses in Glencore after the miner reported the smallest profit since its publicly traded.

Mining

South32 to pay first dividend

Aug 25 2016 12:12

South32 says it’s monitoring two potential investment opportunities after reporting full-year earnings that beat analysts’ estimates.

Mining

Sibanye profit soars on higher gold price

Aug 25 2016 10:42

Sibanye Gold's earnings have climbed more than sixfold and the miner has raised its dividend as a rising bullion price and a weak rand boosted profit margins.

Mining

Atlas plans jobs cuts as expenses erode income

Aug 24 2016 15:45

Atlas Mara, owned by ex-Barclays boss Bob Diamond, will cut jobs and costs after first-half expenses outpaced revenue growth and profit declined 71%.

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.

Inside Fin24.com

 
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.

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