ARM leans on PGMs as coal, iron ore disappoint
AFRICAN Rainbow Minerals (ARM) benefited from a sharp recovery in its platinum business in its 2026 financial year, helping offset a swing into losses at coal and a steep decline…
Diamonds to stay in Anglo Teck until anti-trust approval
IT was goodbye. As chair Stuart Chambers opened the interim results presentation recently for Anglo American, which is due to merge with Canada’s Teck Resources, he said: “I have…
Thungela’s Ensham misses out on coal export price boost
THUNGELA Resources has some serious catch up to do if it’s to meet year end export coal production guidance from its South African division. The R13.4bn miner reported 6.2…
Exxaro Resources is breaking from its iron shackles
THERE has always been a tight correlation between the share prices of Exxaro and Kumba Iron Ore. That’s because Exxaro’s 20% stake in Kumba subsidiary Sishen Iron Ore Company…
There’s more to Exxaro price surge than energy security
SHARES in Exxaro Resources ran to a three year high this week and were not far short of their five-year high, reached in 2022. That was shortly after Russia’s invasion of…
Thungela mulls expansion into other bulk commodities
THUNGELA Resources could seek assets in other bulk mining products, said CEO Moses Madondo who added that a board decision will be made in June. “We’re working through the…
Exxaro says coal contract talks may be “strained” by oil crisis
COAL contract negotiations could become “more strained” owing to energy security concerns even as the same worry is forcing buyers to seek longer contracts, said Exxaro Resources…
Exxaro boosts payout as Iran crisis drives coal higher
EXXARO Resources declared a R10 per share (R3.4bn) final dividend today following robust headline profits for the year ended December. The payout, 15% higher than last year, was…
Glencore-US Govt is the perfect relationship rebound
MINING houses of the ilk of Rio Tinto and Glencore are the standard-bearers of industry consolidation. So how do you consolidate the consolidators? With great difficulty, it…
Thungela warns of impairment as coal price flags in 2025
THUNGELA Resources raised the prospect of impairing assets following a year of lower coal prices in 2025, and despite a strong production and cost performance. Commenting in his…
Glencore to reopen Alumbrera as targets 1.6mt/y in copper output
GLENCORE annnounced today the restart of its Alumbrera mine in Argentina by late 2026 as it sought to give fresh momentum to its struggling copper division. Amid a downgrade of…
Exxaro has turned the corner. So where to from here?
EXXARO Resources CEO Ben Magara is hoping a one-fifth improvement in Exxaro’s share price in following its half-year results August is the beginning of something greater.…
Glencore launches $1bn share buyback program
DIVERSIFIED miner Glencore will spend $1bn purchasing its own shares over seven months as the company seeks to counter declining stock prices that have eroded market value,…
Thermal coal price set for further declines
THERMAL coal prices are poised for further declines from their current four-year troughs, said the Financial Times in a report on Monday. Citing analysts, the newspaper said the…
Thungela exports more coal as Transnet gains traction
THERMAL coal miner Thungela Resources will deliver an above-forecast increase in export sales from South Africa in its financial year to end-December, largely due to an…
Exxaro to retain up to R15bn in net cash for dealmaking
EXXARO Resources expected to retain up to R15bn in net cash to fund diversification plans which it said previously were focused on manganese in South Africa. Commenting in its…
Thungela has best leverage to coal price, Transnet improvements
ONE way of playing the global geopolitical distress is to exploit coal, the reputation of which has been slightly rehabilitated of late. Commenting at the Joburg Indaba, Caroline…
Will BHP return for Anglo? Definitely, maybe
WILL BHP take a second shot at Anglo American when the UK’s six-month “put up or shut up” takeover rule lapses? ‘Definitely, maybe’, to quote Oasis, the UK rock band that is…
Glencore to announce decision on coal split next week
GLENCORE will say next week whether it will proceed with plans to demerge and separately list its coal business. Commenting in the group’s second quarter and half year production…
Thungela forecasts up to 69% earnings hit as coal prices soften
THUNGELA Resources forecast a heavy decline in share earnings for the first half of its financial year owing to lower-than-expected winter energy demand from Europe and Asia…