Gold miners set for strong Q2 despite cost pressures
GOLD producers are on track to post substantially higher second-quarter earnings on the back of firmer bullion prices, though rising energy costs tied to the Iran war likely…
Barrick restructuring hinges on Newmont’s approval
CANADIAN miner Barrick’s planned spinoff of North American assets depends on joint venture partner Newmont, said Reuters citing documents it had seen and the comments of former…
Bristow & Froneman: the last of the modern-day Randlords
CHIEF executive turnover is increasing in the world’s mining sector. It rose to 15.1% in 2023 from 14% a year earlier, according to a report by Canada’s Bedford Group. Despite…
Newmont unveils new CEO as Palmer set to retire
TOM Palmer will retire from Newmont by December after more than a decade with the world’s largest gold producer, the company said on Monday, in an unexpected leadership…
Mark Bristow in shock departure from Barrick Mining
MARK Bristow has stepped down as CEO Barrick Mining Corp. with immediate effect, the Toronto-listed company announced on Monday. He will replaced by Mark Hill, head of Barrick’s…
Can South Africa save its minerals exploration sector?
Last year, a South African government-backed fund invited applications from would-be junior miners, hoping to find that the country’s mineral exploration business was not…
Five day water outage reduces Amplats Q3 refined output 9%
ANGLO American Platinum (Amplats) posted a 9% decline in refined platinum group metals (PGMs) output to 909,700 ounces for the third quarter partly owing to a five day water…
Amplats CEO says metal prices to recover 15% to 20%
PLATINUM group metals (PGM) would recover 15% to 20% their current price levels as “some of the floor” in the basket price had been reached, said Craig Miller, CEO of Anglo…
Northam hasn’t abandoned M&A with Amplats’ Amandelbult a future target
NORTHAM Platinum CEO Paul Dunne said that while the platinum group metals (PGMs) producer would be “inward looking” amid a trough in metal prices it remained interested in adding…
Does new Amplats CEO Craig Miller have what it takes?
INCOMING Anglo American Platinum (Amplats) CEO Craig Miller ought to have an easier ride than his predecessor. In her three years as boss of the platinum group metals (PGM)…
Amplats appoints finance director Craig Miller as new CEO
ANGLO American Platinum (Amplats) today announced that its finance director Craig Miller would take over running of the company from outgoing CEO, Natascha Viljoen. The…
Amplats says PGM prices to bottom out this year after sell-off all but over
ANGLO American Platinum (Amplats) said a major sell-off in platinum group metals (PGM) this year which has seen the dollar basket price fall 29% to $1,885/oz this year was over.…
Copper and iron ore deliver for Anglo American in the March quarter but not platinum
IRON ore and copper delivered for Anglo American in the March quarter during which the group increased overall production by 9% but was let down by poor performances at Anglo…
Amplats’ CEO Natasha Viljoen on leaving SA, and the importance of power
THE impending departure of Anglo American Platinum (Amplats) CEO Natascha Viljoen came as no small surprise to the market — not least because she has been in the job for only…
Sibanye-Stillwater issues “dire” outlook for SA precious metals if power curtailments persist
SIBANYE-Stillwater warned continued power curtailments in South Africa at the current rate will have “dire” consequences for the country in which marginal shafts will face early…
Amplats CEO says firm is “continuously monitoring” risk of total power blackout
ANGLO American Platinum (Amplats) said it was monitoring the risk of a total energy blackout at its South African mines following an increase in power curtailments this year.…
Amplats says uptick in loadshedding jeopardizes PGM output guidance by 5%
ANGLO American Platinum (Amplats) said power rationining in South Africa could reduce its recently updated refined sales forecast of four million ounces of refined platinum group…
Natascha Viljoen announces shock resignation from Amplats
NATASCHA Viljoen is to step down from Anglo American Platinum (Amplats) in the next 12 months in order to take up a position at US gold miner, Newmont Corporation, the group…
Amplats bullish on PGMs as automakers row back on EV production deadlines
ANGLO American Platinum (Amplats) warned full year share earnings ended December 31 would fall as much as 52% owing to inflation, project delays, and accounting recalculations…
Amplats sells 31% less PGMs in fourth quarter in characteristic end to problem-strewn year
ANGLO American Platinum (Amplats) today reported 883,400 ounces in fourth quarter platinum group metal (PGM) sales – a 31% year-on-year decline that is characteristic of a…