Valterra Platinum to pay R15.1bn bumper interim dividend
VALTERRA Platinum followed up a special dividend at its year-end results in February with another handsome payout saying on Wednesday it would dish out 70% of interim earnings,…
A crisis forever? How diamond miners are digging in
THE impending liquidation of Ekapa Mining following a deadly mudslide last month brings the curtain down on roughly 150 years of diamond mining in Kimberley, where the junior…
South32 too risky for predators, says outgoing CEO
AN estimated $34bn in deals has gripped the mining sector since 2024, according to Canadian law firm Dentons. Efforts to consolidate ownership and strip back complicated…
Low diamond prices make De Beers sale more complex
STUBBORNLY low diamond prices had made the sale of De Beers “complex”, said Duncan Wanblad, CEO of Anglo American, its 85% shareholder. “It’s complex mainly because of the state…
Valterra makes hay to take edge off tricky maiden year
VALTERRA Platinum made hay in the fourth quarter increasing sales of platinum group metals four percent year-on-year to 1,042 million ounces. The increase was a function of…
Valterra Platinum to double earnings as PGMs storm back
VALTERRA Platinum said in a trading statement today full year headline earnings for 2025 could double owing to a 26% increase in metal prices and R5bn in cost cuts. Earnings for…
From DRD to Gold Road: the quiet rise of Ian Murray
This article was first published in The Mining Yearbook 2025 Some people are destined to be accountants; others feel they should have a seat on a beach somewhere. Occasionally,…
Fragile supply gives platinum price new lease on life
IT was once common to describe the platinum price in terms of gold, the so-called gold-platinum ratio. Then came the global financial crisis in 2008. As automakers’ demand…
Vedanta plans talks on dollar bond sale
VEDANTA Resources is scheduled to hold discussions with investors today regarding a potential dollar bond issuance designed to refinance expensive private debt, said Bloomberg…
From DRD to Gold Road: the quiet rise of Ian Murray
SOME people are destined to be accountants; others feel they should have a seat on a beach somewhere. Occasionally, there are individuals who get to do both. Enter Ian Murray,…
Anglo bolsters balance sheet with R44.1bn Valterra sale
ANGLO American confirmed on Thursday morning it had concluded the sale of its entire remaining 19.9% stake in Valterra Platinum, formerly Anglo American Platinum prior to its…
Anglo to sell remaining stake in Valterra Platinum
ANGLO American said on Wednesday it would sell its remaining shares in Valterra Platinum equal to 19,9% in the company worth R44bn. The transaction, by way of a bookbuild, comes…
Valterra forwards all hydrogen truck inquiries to Anglo
ONE of the lesser appreciated benefits of the demerger of Valterra Platinum, formerly known as Anglo American Platinum (Amplats), from Anglo American in May is not having to…
Anglo may sell Valterra Platinum stake to strategic investor
ANGLO American is keeping its options open regarding the divestment of its 19.9% stake in Valterra Platinum, including a sale to a strategic investor. “It is on the table,” said…
Valterra to surge into net cash after disappointing start
VALTERRA Platinum kicked off life as an independent company in relatively poor financial form, posting on Monday a heavier-than-expected 81% decline in headline share earnings…
Rains wash away Valterra Platinum’s first half earnings
VALTERRA Platinum today forecast a precipitous decline in interim earnings owing to heavy rains in the first quarter which led to the suspension of production at Amandelbult, the…
Thungela, the coal mining success no-one expected
STRICTLY speaking, Thungela Resources CEO July Ndlovu is retiring a year earlier than at the firm’s mandatory age of 60. In a twist of fate his papers were destroyed during…
Valterra CEO confident platinum price rally is sustainable
THIS year’s Platinum Week conference in London in May was a turning point for platinum group metals (PGMs) and the miners, said Valterra Platinum CEO, Craig Miller. Speaking at…
Mkhwanazi to leave Anglo as group streamlines executive
ANGLO American said its regional director for Australia and Africa, Themba Mkhwanazi would leave the company following the disposal of group assets in the past 12 months.…
Valterra leads charge as platinum surges to three-year high
SHARES in Valterra Platinum, which last month demerged from Anglo American, surged in Johannesburg after the platinum price reached its highest in more than three years. The…