Regarding sentiment on economic policy reforms, “a net 38% of fund managers expect policy reforms, while the upcoming Budget is anticipated to meet” expectations. ...
Local inflationary increases in the half year period to December contributed to a 6% increase in total cash operating costs to R2. 2 billion for the company.
The company had set a target of between 3 million ounces and 3. 4 million ounces for production in the current year. After heavy rains pounded the northern parts ...
The company delayed the auction of some of its emeralds as market conditions were less favourable. Diamond and other precious stones producers have been constraining ...
As a consequence of this, the company is now seeking to boost its SA gold operations. Froneman, who is retiring from Sibanye-Stillwater, said the company had now ...
Gold Fields attributed the reduction in gold produced from South Deep to “lower longhole stoping volumes and lower grade and gold contribution” from destress cuts. ...
The company, however, accrued $1. 3bn in cost savings and recorded an earnings before interest, tax, depreciation and amortisation (Ebitda) of $8. 5bn at a margin ...
Despite a 16% drop in gold production, Sibanye-Stillwater projects narrower losses for 2024, driven by a 48% surge in PGM output from South African operations and ...
South Africa's state-owned transport utility Transnet faces mounting financial challenges as Treasury calls for urgent debt stabilisation. With losses exceeding ...
Parties under South Africa’s government of national unity (GNU) disagreed on the looming tax increases, with the DA saying it was opposed to an increase in Value ...
The Durban High Court has dismissed RGS Group's attempt to halt Tongaat Hulett's business rescue implementation, paving the way for Vision Group's R8. 2 billion ...
In a significant policy reversal, Zambia's government has suspended the 15% export levy on precious gemstones, providing crucial relief to mining giant Gemfields. ...
Glencore's South African coal operations face significant challenges as the company reports R11. 2 billion in impairments, contributing to a $1. 6 billion annual ...
However, revenue decreased primarily as a result of the “decline in realised iron ore and steelmaking coal” prices, “partially offset” by higher realised copper ...
Mpumi Zikalala, the CEO of Kumba Iron Ore, on Tuesday said she believed that private players should be allowed to run the iron ore rail line to Saldanha.
This was after half year headline earnings grew 65% to R970. 1 million, equating to 112. 6 cents in headline earnings per share.
Anglo American has already made administrative changes, with majority shares in Amplats shifting ownership from Anglo American South Africa to Anglo American International. ...
To address these challenges, OK Zimbabwe has started restocking its stores, leaning on the support of suppliers and financial institutions that have stepped in with ...
The company lowered mining and processing costs from continuing operations by 19% and cut capex by 32% during the period under review.
Anglo American Platinum paid a final dividend of R3 per share for the full year to December 2024, sweetened by a R59 per share payout related to its demerger from ...
This move comes as Zimbabwe's economic landscape faces significant challenges exacerbated by recent policy changes and ongoing currency instability.
In May Anglo American announced a “plan to unlock significant value inherent in its portfolio through, amongst other things, the demerger” of its stake in Amplats ...
The weak end in productivity for 2024 year means that the mining sector “will contribute negatively” to the forth quarter real gross domestic product (GDP), despite ...
The company’s safe and reliable capital expenditure for its South African manganese operations amounted to $16 million and is expected to to be $30m in the full ...
The outlook for iron ore demand was “clouded by China growth concerns” although analysts expect the commodity to “see a pick-up in demand from increased and continued ...