Loucas Pouroulis bows out 15-year stint at Tharisa
THARISA founder Loucas Pouroulis is stepping down from the board after more than 15 years as chair, handing the role to lead independent director Carol Bell. Pouroulis, who has…
Discovery targets mining with 24-hour renewables plan
DISCOVERY Green has signed several mining companies to a renewable power offering that targets 90% of their electricity needs. A mix of wind, solar and batteries can help meet…
Transnet is moving but a cash crisis looms
FOR most of the past decade Transnet has had an obvious problem: it wasn’t moving enough freight. Its latest results show good progress on that front, and suggest that the…
Transnet targets leap in coal exports despite cash squeeze
TRANSNET has targeted 65 million tons (Mt) in delivered coal exports after another year of rail volume growth, but debt and weak cash generation have put a brake on its ambition.…
Miners doubt if Transnet’s rail reform is bankable
SOUTH Africa’s freight rail reform has moved past the stage of being dismissed as another policy aspiration without a timetable. The Transnet Rail Infrastructure Manager (TRIM)…
Can this lowly priced uranium project make big bucks?
A largely unknown mining junior listed on the London Stock Exchange – Neo Energy Metals, whose current share price is less than 1 pence – is on the point of finalising a deal…
Exxaro sells Moranbah South to Aussie miner for R1.68bn
EXXARO Resources has sold its stake in Australian metallurgical coal mine Moranbah South to Stanmore Resources, a Brisbane-based coal producer, for $105m (R1.68bn). The South…
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…
How Anglo American squandered De Beers’ brand power
QUESTION: What would you call a company valued at $18bn in 2001, $12.75bn in 2011, that is now finding no buyers at $1bn? Something to ponder. Allow me to take a step back.…
South32 profits surge as reshaped portfolio delivers
South32 cracked it in the year to end-June more than doubling operating profit from continuing operations and declaring a 5.4 US cents final dividend which boosted the total…
SA coal exports may hit 75Mt supply ceiling, says Exxaro
SOUTH Africa’s coal industry may struggle to supply more than about 75 million tonnes a year to the Richards Bay export corridor even if Transnet restores rail capacity above…
Exxaro lifts Grootegeluk rail shipments 50%
EXXARO Resources has recorded a roughly 50% improvement in direct coal railings from its Grootegeluk mine in the Waterberg coalfield in Limpopo to Richards Bay, CEO Ben Magara…
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…
BHP doubles down on steelmaking coal as BMA returns rise
BHP has reaffirmed its commitment to its Queensland steelmaking coal business, with CEO Brandon Craig saying some of the commodity’s best years could still lie ahead. “The best…
BHP full-year profit jumps 30% as copper drives record earnings
DIVERSIFIED mining giant BHP reported better-than-expected full-year earnings and its highest annual dividend in four years, Reuters reported, as record copper prices boosted…
Thungela ready to tap extra rail capacity with third-party coal
Thungela Resources could use further improvements in Transnet Freight Rail (TFR) capacity to move more third-party coal to Richards Bay, as its South African mines are already…
Thungela declares R5.50 interim dividend after stronger first half
Thungela Resources declared an interim dividend of R5.50 a share after reporting higher first-half earnings, supported by stronger coal prices and improved production. Earnings…
Exxaro flags up to 23% earnings fall on lower Sishen, BMM income
EXXARO Resources expects first-half earnings to fall by as much as 23% after lower contributions from its investments in Sishen Iron Ore Company (SIOC) and Black Mountain Mining…
SA mining slump deepens as output falls 4% in June
South Africa’s mining production fell 4% year-on-year in June 2026, extending the sector’s weakness after a 5.1% decline in May. According to the latest Statistics South Africa…
Thungela says asset sale to power first half earnings
THUNGELA Resources expects to report sharply higher earnings for the six months to 30 June 2026, supported by a non-cash profit on the sale of the Kleinkopje mining right despite…