SA gathering pace as rail, ports delivery improves
SOUTH Africa’s economy is gaining momentum as the country addresses long-standing structural bottlenecks, said Bloomberg News citing Standard Bank Group. The bank’s chief…
Singapore to launch OTC gold clearing system
SINGAPORE will launch an over-the-counter gold clearing system before year-end and establish a central bank vault service, as the city-state pushes to position itself as a…
Cash-flush Omnia sails through Iran crisis
OMNIA 2026 is a far cry from Omnia 2019, when the fertiliser, explosives and chemicals group nearly collapsed under the weight of its R6.8bn debt. Back then it was forced to tap…
Platinum Week cognoscenti agree the metal will keep rolling on
PLATINUM has been on the wrong end of the Middle East crisis falling 13% since hostilities between the US and Israel and Iran began. Yet industry mavens who gathered for the…
Is this a new era for platinum? Its miners think so
SINCE the decline of gold production in the 1990s, platinum has become South Africa’s most valuable strategic metal, and among its most important economically. Of critical raw…
SA’s new BEE ‘review’ a stinging test of political courage
WHEN it comes to BEE sceptics, there are few more vociferous than Moeletsi Mbeki, a man who, as the son of Govan Mbeki and brother of former president Thabo Mbeki, is as close to…
Gobalsamy says Omnia may build plants in the US
SHARES in Omnia Holdings are 88% higher over the past five years driven by a strategy to focus on the group’s explosives business through BME, a subsidiary. Mining now accounts…
SA bank says gold to end above $6,000/oz this year
SO how do your economic projections play against those of the experts? This was the subject of a fun “View from the Room” session at Standard Bank’s African Markets Conference at…
Valterra makes hay to take edge off tricky maiden year
VALTERRA Platinum made hay in the fourth quarter increasing sales of platinum group metals four percent year-on-year to 1,042 million ounces. The increase was a function of…
Tharisa signs $130m debt facility
THARISA, a South African chrome and platinum group metals miner, announced on Wednesday it had signed a $130m debt facility which it would use to prepay an existing term loan and…
Seriti Green begins construction on third wind phase
RENEWABLE energy company Seriti Green has financed and started the third phase of its Ummbila Emoyeni wind farm in Mpumalanga. The project will supply more than 900MW of…
BHP projects image of calm as M&A gyrations begin
IT has been three years into a copper price bull run, yet it’s surprising how troubled some of its largest producers are. Rio Tinto, Anglo American and Glencore, accounting for…
Anglo bolsters balance sheet with R44.1bn Valterra sale
ANGLO American confirmed on Thursday morning it had concluded the sale of its entire remaining 19.9% stake in Valterra Platinum, formerly Anglo American Platinum prior to its…
SA platinum miners start to catch up lost production
SOUTH African platinum production recovered in May while there has also been an easing in Chinese imports of the metal. Statistics SA data published earlier this week showed that…
AngloGold, Gold Fields pause Ghana JV as gold soars
ANGLOGOLD Ashanti and Gold Fields have suspended plans to form a joint venture between their Ghana mines Iduapriem and Tarkwa. The Johannesburg-listed companies said on Tuesday…
Trump tariffs offer perfect window for buying platinum shares
PLATINUM shares took a beating on the Johannesburg Stock Exchange on Thursday following imposition of global tariffs by US president Donald Trump and triggering different…
Blair backs Africa to develop fossil fuels
FORMER UK prime minister Tony Blair said on Monday it was critical Africa be allowed to focus on fossil fuels in order to grow while the primary responsibility for renewable…
Time for Harmony Gold to loosen the purse strings?
HARMONY Gold’s former CEO Peter Steenkamp will go down in the company’s history as one of its most important change agents. It was under his watch the company bought the…
Amplats’s special dividend was “not good governance”
SPECIAL dividends are usually grounds for investor celebration. In the case of Anglo American Platinum (Amplats), however, there is reason for pause. On February 17, the platinum…
Northam Platinum to prosper as CEO forecasts hard slog
A R3200 per ounce decline in the average basket price of platinum group metals (PGMs) would derail Northam Platinum’s Eland project, described by the miner’s CEO Paul Dunne last…