Uranium from seawater: Froneman plans new mining firm
NEAL Froneman led the company he founded, Sibanye-Stillwater, for 13 years before abruptly announcing he would step down last year, aged 65. Those years were a punchy, all-action…
Mining tariff relief awaits new Eskom pricing policy
THE possible extension of electricity tariff discounts to sectors of the South African mining industry other than the ferrochrome producers will have to wait until after…
How long before miners call on Eskom for their rebates?
ESKOM will invite the attention of its mining clients in yet stronger terms if it agrees to cut its tariff for Transalloys, the manganese smelting business currently heading for…
Mantashe acknowledges power inflation hurting metals industry
SOUTH Africa cannot build a downstream metals industry until the problem of high electricity prices is resolved, mines minister Gwede Mantashe said in an address to Parliament on…
Anglo considers third impairment of De Beers
ANGLO American said on Thursday it was considering yet another impairment of its diamond business De Beers – its third in the last three years – amid a decline in average prices…
Chinalco said to back Rio Tinto’s bid for Glencore
ALUMINIUM Aluminum Corp. of China is expected to support Rio Tinto’s proposed acquisition of Glencore, a merger that would enhance the Chinese company’s exposure to copper whilst…
Anglo withdraws executive bonuses ahead of Teck vote
ANGLO American has scrapped plans to guarantee substantial bonuses for senior executives following shareholder opposition, days before investors vote on its $50bn merger with…
Hichilema rejects shake-up of mining regulations
ZAMBIA’S presidency has dismissed proposed regulations that would grant the state a minimum 15% stake in critical mineral mines without financial compensation, signalling its…
Glass Lewis backs Teck-Anglo American merger deal
PROXY advisory firm Glass Lewis has recommended Teck Resources shareholders approve the proposed merger with Anglo American, describing the transaction terms as reasonable. The…
UK court rules BHP liable for Fundao dam collapse
A UK court ruled BHP bears legal responsibility for a dam failure nine years ago in Brazil’s Minas Gerais state, opening the door to claims that lawyers have estimated could…
Sibanye-Stillwater agrees R3.7bn out of court deal with Appian
SIBANYE-Stillwater and Appian Capital Advisory have agreed to a $215m (R3.7bn) out of court settlement ending a dispute related to two base metals deals dating back four years.…
Mining pay rises outstrip productivity gains
MINERALS Council South Africa has warned wage increases are outpacing productivity improvements, attributing the disparity to overly strong union influence, according to a report…
Tailwinds for Sibanye-Stillwater’s Stewart but dangers lurk
THERE was never a question of Neal Froneman shedding tears of sadness as he stepped from the Sibanye-Stillwater podium for the last time in August, as Mark Cutifani did when he…
Zambian mine spill victims seek $420m compensation
COMMUNITIES affected by a devastating toxic spill at a Chinese-owned Zambian copper mine are demanding $420m in compensation from the operator, Sino Metals Leach Zambia,…
South32 poaches new CEO from Anglo American
SOUTH32 has appointed Matthew Daley, an Anglo American executive with extensive copper experience, as its new CEO to succeed Graham Kerr, who has led the company since its…
Sibanye-Stillwater says Appian mine sale “crystallises” damages
THE sale of Mineração Vale Verde (MVV) for $420m last week could have a bearing on the extent of damages Sibanye-Stillwater might have to pay to Appian Capital Advisory, said the…
Appian unmoved by Sibanye-Stillwater’s offer of talks
UK private equity fund Appian Capital Advisory seemed to rebuff Sibanye-Stillwater’s offer of a negotiated settlement regarding a damages claim between the two, saying in an…
Bar raised on West Africa’s risk following executive arrests
RECENT arrests of company executives in Mali had “raised the bar” on jurisictional risk especially as many West African nations were demanding a greater share of production and…
For Sibanye-Stillwater, 2024 will go down as a year to forget
SIBANYE-Stillwater has had a bad run of fortune. On October 18 it announced that bushfires in Queensland, Australia, had damaged surface infrastructure at its New Century zinc…
Sibanye-Stillwater suspends Century Zinc following bush fire
SIBANYE-Stillwater said a regional bushfire at its Century Zinc tailings retreatment operations in northeast Australia had destroyed surface piping which would see it produce…