Tharisa to raise $300m bond for Karo Platinum
THARISA, the JSE-listed platinum and chrome miner, is preparing an initial five-year $300m bond with the proceeds aimed at plugging the balance of its $545m Karo Platinum project…
Platinum selldown a “pothole, not the end of the road”
PLATINUM shares have returned to buy territory after months of falling metals prices, sending valuations lower. The basket price for platinum, palladium and rhodium, the main…
Northam Platinum in new output record as chrome surges
NORTHAM Platinum lifted chrome production 17% in its 2026 financial year, partly owing to the ramp-up of its North West province operation, Eland Platinum. Crews were doubled at…
Citi joins elite club of gold clearing banks
CITIGROUP has become the first new member in a decade to join the elite group of banks clearing physical gold and silver in London, as the US lender deepens its presence in the…
Crypto giant becomes major gold buyer
CRYPTOCURRENCY company Tether Holdings has amassed approximately 140 tons of gold worth $23bn in a Swiss nuclear bunker, making it the world’s largest known private bullion hoard…
Gold on G20 agenda is key in fight against illegal trade
GOLD’S record-breaking gains have generated joy among its miners — but also worry. Looking beyond the outsized financial gains for investors, the explosion in demand for a…
Gold below $4,000 described as healthy correction
GOLD prices fell beneath $4,000 per ounce this week which industry figures said was a necessary correction as the metal’s rally had driven lately by speculative positioning.…
Gold traders make a fortune amid hiring surge
A SCRAMBLE for experienced gold traders is underway among commodity houses, hedge funds and banks as precious metals attract unprecedented interest, said Bloomberg News. Pay for…
Central banks the force behind record gold rally, says report
CENTRAL banks have emerged as the driving force behind gold’s record-breaking bull market, accumulating roughly 80 tons monthly worth approximately $8.5bn at current prices,…
Sibanye-Stillwater M&A chief quits as firm targets austerity
THE person hired by Sibanye-Stillwater four years ago to drive its merger and acquisition strategy has resigned from the company. The miner announced on Monday Laurent…
Why won’t ARM sell its stake in Harmony Gold?
IT would appear that African Rainbow Minerals (ARM) executive chairman Patrice Motsepe gets a warm, fuzzy feeling from his group’s stake in Harmony Gold mainly because of its…
Anglo CEO says criticism over Woodsmith “completely logical”
ANGLO American CEO Duncan Wanblad said it was “completely logical” for investors to be concerned about the impact of the group’s $4.8bn Woodsmith fertiliser project when there…
Anglo update was downbeat with copper cuts, diamond losses
DE BEERS would be lossmaking during the second half of the 2023 financial year ended December 31 after closing its two final cycles with cumulative sales of only $180m. “We face…
Why is Anglo’s Woodsmith project struggling to win favour?
THE global vitamin and supplements industry is thriving. Estimates of its trajectory vary, but one is that vitamin sales will rise to $8.9bn in 2028 from $6.7bn now — an annual…
De Beers’ sales fall to $80m as diamond miner waits on destock
ROUGH diamond sales shrank to $80m for De Beers’ penultimate sales cycle for 2023 as the Anglo American company limited supply in response to continued depressed economic…
De Beers suspends online tenders as diamond sales fall to $200m
DE BEERS will suspend online rough diamond sales and plough $20m into marketing gems ahead of the critical year-end buying season. The Anglo American-controlled firm also said it…
Anglo margin pressure puts SA assets in investor crosshairs
EVER since listing in the UK, Anglo American’s South African links have brought more frowns to investors’ faces than smiles. Back in 1999, they worried over the industrial,…
SA gold mining is the albatross hanging over Neal Froneman’s Sibanye-Stillwater
SIBANYE-Stillwater concluded an R8bn share repurchase programme earlier this month, but its success belies no small degree of frustration at the gold and platinum group metal…
Blackrock joins banks to buy and close coal plants in Asia
SOME of the world’s largest financial institutions including Blackrock and Citigroup are planning to buy coal-fired plants in Asia and operate them in such a way that their…