Mining

Tharisa has right to sell all of $4.2bn Zimbabwe platinum mine

Oct 17 2019 16:00

Tharisa, the publicly traded South African platinum and chrome miner run by the Pouroulis family, has the right to take over a platinum mine project in Zimbabwe that could ultimately cost $4.2bn.

Mining

Canadians pay Royal Bafokeng R2bn in cash for its future gold output

Oct 16 2019 15:25

The money will be used to help settle its debts after buying Amplats' stake in a Rustenburg joint venture.

Mining

Sibanye hoping to avert AMCU platinum strike after wage deadlock

Oct 15 2019 15:47

Sibanye-Stillwater is hopeful that a wage agreement would be reached with trade union AMCU to avert a strike at its Rustenburg and Marikana operations after negotiations deadlocked.

Mining

Implats to buy Canadian miner for more than R11bn

Oct 07 2019 17:57

It owns a fully mechanised mine with a "low labour complement".

Mining

Sibanye plans new JSE-listed holding company

Oct 04 2019 19:33

Sibanye Stillwater - the world's biggest producer of platinum, the second-largest palladium producer and a major gold miner – plans to restructure its holding structure.

Mining

SA platinum miners consider paying dividends

Oct 03 2019 16:10

It’s been a good year for South African miners as the rally in iron ore, gold and platinum-group metal prices boosted earnings and put dividends back on the agenda.

Mining

De Beers diamond sales fall 39% in a year

Oct 03 2019 08:59

De Beers’s diamond buyers continued to take the rare opportunity to reject stones from the biggest supplier as the company extended almost unprecedented flexibility to ease a growing crisis.

Mining

The great Samancor 'heist'

Oct 02 2019 13:48

A profit shifting scheme and other dodgy deals orchestrated by the "world's richest Croatian” have allegedly been used to siphon hundreds of millions of dollars offshore out of Samancor Chrome. Now the Johannesburg high court is being asked to pry open the privately-owned mining company's books as a first step towards a massive damages claim from its workers.

Mining

Investors need security, says Anglo CEO

Oct 02 2019 12:32

South African mining executives, investors and officials have gathered in the nation’s economic hub for the Joburg Indaba conference to discuss the industry’s investment prospects after years of regulatory uncertainty.

Labour

AMCU leader blasts mining bosses with Bible verses

Oct 01 2019 13:02

Joseph Mathunjwa repeatedly turned to scripture as he gave an update on wage negotiations in the platinum sector.

Mining

German billionaire’s company abandons Murray & Roberts takeover

Oct 01 2019 10:39

M&R’s board fought hard against the bid.

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The finance minister has warned ANC leadership that urgent economic changes are needed.
Black Tax

This form of solidarity deserves political recognition and help from SARS, writes Ferial Haffajee.
Skyscraper

New Sandton skyscraper is the tallest building in Africa - it offers a view of Magaliesberg.
Facebook's Libra

The cryptocurrency project has become the regulatory equivalent of a pinata.
National Carrier

Fixing SAA means overcoming an 'organised crime syndicate', says ex-prosecutions boss Vusi Pikoli.

Mining

De Beers keeps special terms in place for another diamond sale

Sep 27 2019 21:32

De Beers is continuing its policy of offering almost unprecedented flexibility to diamond buyers as the mining company works to fend off a slump in demand for the gems, according to people familiar with the situation.

Mining

SA miners may struggle to secure enough water - Moody's

Sep 27 2019 12:40

High water stress will to lead to increased capital spending and operating costs, as companies look to 'lock down sustainable water sources'.

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