NEWS

Gold gains on soft equities

Gold inched up on Wednesday, after falling the most in nearly two weeks in the previous session, as share markets retreated on worries about...

Oil rises

Oil rose to around $68 a barrel yesterday as OPEC supply cuts and expectations of lower US inventories outweighed concern about weaker demand due...

Eskom price hikes to cost over 90 000 miners jobs

South Africa’s gold and platinum mines will shed around 90,000 jobs in the next three years as above-inflation electricity price increases by power utility...

Government considering bringing fuel by road

GOVERNMENT is considering bringing in fuel by road after Cyclone Idai flattened Mozambique’s port city of Beira linking the country’s fuel pipeline.The port, which...

Lonmin urges shareholders to back Sibanye takeover

Platinum miner Lonmin does not have sufficient liquidity to fund the new projects needed to avoid shaft closures and job losses, it said on...

Caledonia seeks to expand exposure in Zimbabwe

Gold miner Caledonia Mining is seeking ways to deepen its investment in Zimbabwe even though a currency crisis has dented its earnings and bureaucracy...

Lack of good projects puts mining boom at risk

After years of suffering, the mining industry is finally somewhat bullish on its own prospects. But senior executives at the Reuters Mining Summit this...

Gold gains

Gold rose on Monday as investors’ appetite for riskier assets faded on concerns about a potential U.S. recession and decelerating global growth, increasing appeal...

Artisanal miners insist on levy review

SMALL-scale miners continue to lobby Government to review downwards mining levies and fees in order to promote the growth of the sector and its contribution...

Government to close gold milling centres

THE Government will soon close the majority of gold milling centres dotted around the country on suspicion of under declaration and  also hit hard on...

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