Johannesburg is having a gold rush … Sort of
THE last time gold was as valuable, prospectors, gamblers, bounders and other rakes were united in scouring the globe – from California to Johannesburg – with their pickaxes and…
DRDGold waiting on permits before completing R10bn expansion
DRDGOLD said this week it had not yet received permitting for its proposed R10bn expansion to 200,000 ounces even though half the capital had been deployed and some new assets…
Sibanye-Stillwater outlines R20bn project plans for platinum
SIBANYE-Stillwater today outlined R20bn in projects aimed at maintaining a million ounces of platinum group metals production from its underground South African mines until 2050.…
DRDGold upbeat on dividend after third quarter cash boost
DRDGOLD increased cash nearly R600m in the third quarter, and remained debt free, while forging on with a major capital expansion programme – all thanks to the gold price. In an…
Sibanye-Stillwater to recognise R5.3bn in impairments
SIBANYE-Stillwater will report another set of all-action but ultimately noisy financial numbers for its 2025 financial year on Friday. Full year basic earnings will reflect a…
Mind the gap: Sibanye-Stillwater plans new era
SIBANYE-Stillwater’s founding CEO, Neal Froneman, was an expert at reinventing mines. In 2013, he took on Gold Fields’s faltering mines following their unbundling, and turned…
Sibanye-Stillwater targets R3bn savings in back to basics strategy
SIBANYE-Stillwater has targeted R3bn in cost savings over the next two years as part of newly launched strategy focusing on simplification and organic growth. “Spoiler alert:…
New SA fund targets acquisitions of ‘non-core’ gold mines
BOKAMOSO Gold, a new private equity fund fronted by Billy Mawasha, former head of AngloGold Ashanti’s South African operations, is hoping to buy non-core gold mines from some of…
Sibanye-Stillwater eyes DRDGOLD in shift to surface mining
SIBANYE-Stillwater would like to increase its stake in its 50.1%-owned tailings miner DRDGOLD as it phases out gold production from its deep level mines. “We normally focus on…
All points north as DRDGold weighs long-term expansion
DRDGOLD, the Johannesburg Stock Exchange’s oldest company at 130 years old, is actively pursuing expansion opportunities across Africa, with CEO Niël Pretorius particularly keen…
No regrets for high-riding Froneman
SIBANYE-Stillwater, created in 2013 as a spin-off of Gold Fields’ South African assets, has always been defined by its founding CEO, Neal Froneman, a larger-than-life figure who…
Sibanye-Stillwater to restart R5bn Burnstone gold project
SIBANYE-Stillwater is expected to approve the restart of its R5bn Burnstone gold project in South Africa’s Mpumalanga province. Neal Froneman, CEO of the precious metals miner…
The challenges facing Sibanye-Stillwater’s new boss
SIBANYE-Stillwater CEO-designate Richard Stewart told investors last month he has no plans to change the miner’s strategy. Having been with Sibanye-Stillwater for a decade —…
DRDGold weighing AI in effort to cut gold theft
DRDGOLD was examining how by using artificial intelligence systems it could improve crime prevention – an increasing hazard for gold miners especially as the price of the metal…
Sibanye-Stillwater appoints Richard Stewart as CEO-designate
SIBANYE-Stillwater confirmed a Miningmx report earlier on Thursday that its founding CEO of 13 years standing, Neal Froneman was set to retire this year. He will be replaced by…
Froneman to announce retirement from Sibanye-Stillwater
THE Board of Sibanye-Stillwater is in the final stages of a process to find a successor to Neal Froneman, the founding CEO of the platinum and gold miner, who is expected to…
Sibanye-Stillwater signs one-year wage deal for gold mines
SIBANYE-Stillwater on Monday announced a one-year wage agreement with unions at its South African gold mines, comprising a 5.5% increase until end-June 2025. Commenting on the…
Sibanye-Stillwater earnings plummet as axe hovers over US mine
SIBANYE-Stillwater will report a more than 100% decline in basic earnings for six months ended June owing to depressed metal prices which resulted in another heavy impairment,…
DRDGold cuts revised production guidance despite Ergo lift
DRDGOLD finally started mining two deposition sites at Ergo that were previously inaccessible owing to outstanding regulatory approvals and community disputes. But the firm would…
DRDGold to double contribution to Sibanye-Stillwater Ebitda
ACQUIRED by Sibanye-Stillwater with a view to building a strategic, long-term presence in the gold tailings industry, DRDGold now plays the arguably more important role as the…