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 needs SA’s dilatory Govt to play ball. Will it?
THE mining of surface gold dumps ought to be much simpler than underground mining. Instead of descending into the earth’s depths, which poses challenges from ventilation to…
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.…
Soaring gold saves Sibanye-Stillwater’s Kloof from closure
SIBANYE-Stillwater resumed the dividend as a strong rally in precious metal prices – especially gold – buoyed the group’s underlying earnings. Presenting its full year results on…
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…
DRDGold makes light of R10bn outlay with record dividend
DRDGOLD raked it in during the six months to end-December as an average gold price received of $3,788/oz (R2.1m/kg) transformed the gold dump retreater’s results despite a…
Sibanye-Stillwater cuts gold reserves as Kloof curtailed
SIBANYE-Stillwater’s gold mineral reserves fell 6.3% to 9.4 million ounces at end-December owing to a significant writedown at its Kloof mine in Johannesburg. The…
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…
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 triples Q3 profits on back of PGMs
THE standout increase in precious metal prices made all the difference to Sibanye-Stillwater which posted a tripling in third quarter earnings (Ebitda). In addition, the…
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…
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…
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…
Kloof miners returned to surface safely, says Sibanye-Stillwater
ALL 260 workers trapped underground at Sibanye-Stillwater’s Kloof gold mine since Thursday have been returned to surface, the company said. The incident at the Kloof 7 mine began…
300 trapped at Sibanye-Stillwater’s Kloof gold mine
ABOUT 300 miners remain trapped more than three kilometres underground at Sibanye-Stillwater’s Kloof mine west of Johannesburg, reported Daily Maverick on Friday. The publication…
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 —…
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…