Copper 360 marks progress in Northern Cape mining expansion

Tawanda Karombo|Published

Copper 360 has announced that it is making significant strides in its operations as it transitions towards steady-state production at its newly commissioned Rietberg ...

SA needs to do much more to unlock supply-side growth, says Fitch Ratings

Tawanda Karombo|Published

According to analysts at Fitch Ratings, South Africa’s production and supply-side will not benefit much from the stable electricity supply unless the Government ...

TotalEnergies and other partners confirm their exit from two of SA’s key gas finds

Edward West and Tawanda Karombo|Published

TotalEnergies said the fields could “not be turned into a commercial development as it appears to be too challenging to economically develop and monetise these gas ...

Sishen employees snap up shares worth R131 million in Kumba Iron Ore

Tawanda Karombo|Published

On July 24, the Sishen Iron Ore Company trust purchased 174,651 shares in Kumba at a weighted average purchase price of R404. 93, giving a total transaction value ...

SARB orders Steinhoff to forfeit more than R6 billion to State

Tawanda Karombo|Published

The South Africa Reserve Bank has ordered the Steinhoff group of companies to forfeit up to R6 billion held in its bank accounts, four months after the death of ...

Petra Diamonds reduces net debt by $11m, expects prices to improve

Tawanda Karombo|Published

Petra Diamonds reported that it lowered its net debt by $11 million (over R199m) during the half-year period to the end of June while carats sold for the full year ...

Mining stocks take a knock on JSE profit taking

Tawanda Karombo|Published

South African mining stocks, including Kumba Iron Ore, Thungela Resources and Sibanye-Stillwater, made up the worst performers on the JSE in June.

Mantashe faces same old challenges, must do better this time

Tawanda Karombo|Published

Mining analysts said that Gwede Mantashe, newly appointed to the rejigged portfolio of Mineral and Petroleum Resources, has to work in tandem with fellow economic ...

Orion Minerals plunges 9% on JSE after announcing R92. 3m share issue

Tawanda Karombo|Published

The company said the R92. 3 million capital raised would be used to accelerate infrastructure development at Okiep and to fast-track development of the Prieska Copper ...

Gold prices breach all-time high, but strong case for a weaker commodity persists

Tawanda Karombo|Published

As gold prices rally on global markets, analysts are sharply divided over future prospects of the precious commodity, with some bullish and others seeing a tapering ...

Petra Diamonds reaches five-year wage deal with NUM

Tawanda Karombo|Published

The National Union of Mineworkers has inked a five-year wage agreement with Petra Diamonds effective from next month and giving employees at the diamond miner above-inflation ...

Shell SA ponders next move after dismissal of oil exploration appeal

Tawanda Karombo|Published

Shell South Africa is considering its next move regarding continued investment in offshore exploration for oil after the Supreme Court of Appeal on Monday dismissed ...

Petra CEO sees diamond prices stabilising this year

Tawanda Karombo|Published

Petra Diamonds expects diamond prices to stabilise later this year after the company – with two underground operations in South Africa and Tanzania and one open-pit ...

Shell confirms downstream exit amid calls for broad ownership in SA’s liquefied energy sector

Tawanda Karombo|Published

Shell’s exit from South Africa has raised alarm bells of further impending corporate departures from the country.

BHP CEO meets SA stakeholders in key meetings

Tawanda Karombo|Published

Australian executives from BHP have flown into South Africa to assure investors that they had good intentions as the company pursues its $39 billion (R741bn) bid ...

BHP doesn’t want Anglo American assets exposed to SA’s operational constraints, experts say

Tawanda Karombo|Published

There are likely to be other bids for Anglo American, which on Friday rejected BHP’s $39 billion (R741bn) unsolicited all-share buy offer that seemed to be targeted ...

Union slams Minerals Council for saying SA mineworkers are best paid

Tawanda Karombo|Published

Labour union Solidarity has vehemently disagreed with the Minerals Council SA’s assertion that mineworkers in South Africa are among the best paid industrial employees, ...

Orion stocks surge after high-grade copper discovery in N Cape

Tawanda Karombo|Published

Orion Minerals has struck high-grade copper at its Okiep project in the Northern Cape, marking a key milestone as the company pushes for production from the former ...

Zimbabwe’s new ZiG currency spins markets into trading disruptions and uncertainty

Tawanda Karombo|Published

Zimbabwe’s newly introduced ZiG currency is causing market disruptions and transaction bottlenecks despite central bank assurances that it is backed by gold and ...

Pick n Pay gets lifeline from FirstRand and other banks

Tawanda Karombo|Published

FirstRand has thrown Pick n Pay a lifeline, with the South Africa debt-laden grocer renegotiating terms for loans it carries on its books ahead of a stated Boxer ...

Transnet finalises partnership with Philippines port operator to manage Durban’s Pier 2

Tawanda Karombo|Published

The partnership will have a positive impact on Transnet, container supply chains and on the competitiveness of South Africa’s economy.

Numsa calls for moratorium on mining retrenchments

Tawanda Karombo|Published

The National Union of Metalworkers of South Africa has called for a moratorium on mining retrenchments, mainly in the platinum group metals sector as other mining ...

Kumba raises earnings despite elevated uncertainties

Tawanda Karombo|Published

Kumba Iron Ore has declared a final dividend per share of R24. 20 after raising revenues by 16% and growing headline earnings per share by 26% in a difficult year. ...

SA misses Africa’s growth boom amid local challenges

Tawanda Karombo|Published

South Africa is missing out on Africa’s growth boom, with the Africa Macro-Economic Performance and Outlook report by the African Development Bank noting that Africa ...

Labour discontent brews at Transnet

Tawanda Karombo|Published

Management at Transnet this week told disgruntled employees, who complained of unfair recruitment practices at the ports terminals unit, that no one was willing ...