Exxaro sells Moranbah South to Aussie miner for R1.68bn
EXXARO Resources has sold its stake in Australian metallurgical coal mine Moranbah South to Stanmore Resources, a Brisbane-based coal producer, for $105m (R1.68bn). The South…
South32 profits surge as reshaped portfolio delivers
South32 cracked it in the year to end-June more than doubling operating profit from continuing operations and declaring a 5.4 US cents final dividend which boosted the total…
Metals of war: why US Govt has weaponised mining
Eighteen mining companies went public in the past 12 months with one aim in common: an ambition to supply the US government’s defence industry. Assisted by US President Donald…
South32’s long road from ‘crapco’ to copper
MATT Daley, the Australian-born CEO of South32, takes over a company far simpler in structure than the demerged assets bequeathed to his compatriot, Graham Kerr. When Kerr made…
The furnaces that could relight SA’s industrial ambition
MENAR Group, an unlisted coal producer, says it can double mineral exports from its South African mines and projects and create 800 jobs through new ferromanganese production.…
South32-Alcoa deal exposes beneficiation myth
THERE are few words in South African economic policy more seductive than “beneficiation”. It has everything: moral uplift, industrial ambition, a pleasingly muscular rhythm and…
How long before miners call on Eskom for their rebates?
ESKOM will invite the attention of its mining clients in yet stronger terms if it agrees to cut its tariff for Transalloys, the manganese smelting business currently heading for…
US set to approve South32’s Arizona zinc mine
THE Trump administration is expected to approve South32’s $2bn Hermosa zinc and manganese project in Arizona this week, with the US Forest Service set to issue a record of…
South32 waiting for IDC to play hand in Mozal sale
SOUTH32 is waiting for firm proposals from minority shareholders in Mozal Aluminium before progressing recently hatched plans to sell the 370,000 ton a year Mozambique smelter.…
South32 to sell aluminium assets to Alcoa for $4.1bn
SOUTH32 is to sell its aluminium assets, including South Africa’s Hillside facilities but excluding the shuttered Mozal Aluminium in Mozambique, to Canada’s Alcoa for $4.1bn in…
South32 looking at “various options” with Mozal stake
SOUTH32 said on Monday it was considering its options with respect to its 63.7% stake in the Mozal aluminium smelter in Mozambique amid speculation South Africa’s Industrial…
Nersa tariff saves jobs at Glencore ferrochrome smelters
AFTER months of uncertainty, the threat of job losses has been lifted from employees at the ferrochrome smelters of Glencore Merafe Chrome Venture. This was after South Africa’s…
South32 and Eskom in talks over Hillside smelter power supply following closure of Mozal
South32 and Eskom have stepped up negotiations to establish a new electricity supply agreement for the Hillside Aluminium smelter in Kwa-Zulu Natal following the closure of the…
South32 pumps aluminium output to seize high prices
SOUTH32, the global metals producer, is pulling out all stops to take advantage of aluminium prices at four-year highs, even as the Middle East conflict pushes up input costs. As…
Will BHP really bet on South African mining again?
SOUTH African mining is at one of those rare moments when its trajectory could tilt either way. There is talk of hope and renewal, encompassing an overdue honesty about Eskom and…
Kenmare’s year of prices, politics and pain
MOZAMBIQUE is having a moment, and not in a good way. Fresh from the divestment of Australian miner South32 following the forced closure of aluminium smelter Mozal near Maputo,…
Exxaro concludes 9.3mt coal sale with Eskom
EXXARO Resources said on Thursday it had signed an agreement with Eskom, South Africa’s power utility, to supply 9.3 million tons of coal a year to Matla power station, near…
From millstone to option value: How SA has changed for Anglo
THE perceived regulatory and social risks of South Africa used to weigh heavily on Anglo American’s investment rating. Known as the ‘South African discount’, Anglo executives…
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…
South32 to incur $60m cost as Mozal mothballed
SOUTH32 said on Monday it had put its 63.7%-owned, 320,000 ton a year Mozal aluminium smelter in Mozambique on care and maintenance, effective March 15. Costs associated with the…