Tag: south africa mining news
The country’s biggest Platinum Group Metal (PGM) producer, Zimplats, has reported a staggering 96% decline in profits for the fiscal year ending September 30, 2024, Mining Zimbabwe can confirm.By Rudairo MapurangaThe company's profit after tax plummeted...
Kuvimba Mining House (KMH) board chairman Mr Justin Mupamhanga has passed away.In a statement, KMH announced the sad news describing Mupamhanga as a visionary leader, an advocate for excellence and a guiding light to the Conglomerate.More...
SA mining dealmaker plots M&A push before retirement
South African mining dealmaker Neal Froneman is considering retiring in two to three years time, but would first like to double the size of...
South Africa’s mining industry to support covid-19 vaccine rollout
South Africa’s mining companies will support the government in the rollout of covid-19 vaccines as the nation battles a surge in infections, the industry body said...
Sibanye makes another bold call on platinum price
The world’s No. 1 platinum miner said the price of the metal could climb more than 80% over the next four to five years...
South African union threatens strike at coal and diamond mines
South Africa’s National Union of Mineworkers (NUM) threatened on Friday to call a strike at mining companies De Beers, Exxaro, and Petra Diamonds after...
South Africa’s power cuts weigh on miners’ investment decisions
Increasing disruptions to power supply from South Africa’s struggling utility Eskom could hit mining companies plans to invest, two top industry executives warned on Wednesday.“I think...
Implats earnings up nearly 400% on weak rand, costly metal
South Africa’s Impala Platinum’s (Implats) annual earnings jumped by nearly 400% after higher metal prices and a weaker rand offset the impact of the...
South Africa ministry OKs AngloGold asset sale but blocks delisting
South Africa’s mines ministry has approved AngloGold Ashanti’s (JSE: ANG) (NYSE: AU) sale of its last remaining assets in the country to rival Harmony...
Wage talks with Kumba Iron Ore hit deadlock, union says
South Africa’s National Union of Mineworkers (NUM) on Wednesday said that wage negotiations with Kumba Iron Ore, owned by Anglo American, were deadlocked and...
AngloGold must keep South Africa listing
AngloGold Ashanti will have to keep trading shares in South Africa to conclude the sale of its last remaining assets in the country to...
South African miners to challenge new law in court next year
A South African court will in April hear an application by mining companies challenging key provisions of a new code for the sector.The firms...
Violent protests shut down key Rio Tinto mine in South Africa
Violent protests, often characterized by deadly shootings and barricades of burning tires, are making it harder for the world’s biggest mining companies to operate...
Load-shedding hits South Africa
Eskom, which provides about 95 percent of the South Africa’s electricity, implemented power cuts yesterday amid maintenance problems. The rand weakened as investors fretted...
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