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Miningmx @miningmx

Premier insight into the South African mining sector.

Joined April 2009
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SA Govt puts chrome ore export levies slap back on the agenda, alluding to its plans in the recently published Industrial Development Strategy. miningmx.com/top-story/65572… #juniorindaba

Chrome export levy resurfaces in new industrial strategy - Miningmx

CHROME ore export levies are squarely on the South African government’s agenda after earlier indicating they were “a blunt tool”. A target set down in the reChrome export levy resurfaces in new...

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SA miners worry the delay in the rollout of Govt's new mining cadastre means it's not working, or something way worse. miningmx.com/top-story/65563…

SA miners fear the worst in mineral cadastre award - Miningmx

IN May 2024, then Orion Minerals CEO Errol Smart gushed: “I’m coming off an all-time high on hearing this news.” A day earlier, the South African government had signed an agreement with a Canadian-...

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Wesizwe Platinum to cut staff by up to 70% and start again the mine plan. miningmx.com/top-story/65539…

Wesizwe Platinum to cut staff 70% as rips up mining plan - Miningmx

WESIZWE Platinum has unveiled drastic measures after failing to commission its Bakubung mine in South Africa’s North West province, announcing today it would rip up its production plans and reduce...

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Desperate Petra puts Finsch mine into business rescue, readies to make cuts at historic Cullinan as diamond industry continues to struggle. miningmx.com/top-story/65493…

Petra Diamonds puts Finsch mine into business rescue - Miningmx

THE continuing grim conditions in the global diamond business have claimed another South African victim in the form of Petra Diamond’s Finsch mine in the Northern Cape which is being put into...

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Might the SA Govt think differently about draft amendments to mining legislation following its meeting with the US Govt this month? miningmx.com/top-story/65458…

US talks may lead to conciliatory MPRD amendments - Miningmx

THE South African government could adopt a more investment-friendly attitude to mining and minerals reform if it helped repair trade relations with the US. This follows a high-level meeting between...

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Tharisa may list in London in order to capitalise on increased investor interest in PGMs as critical metals. miningmx.com/top-story/65387…

Tharisa considering main market listing in London - Miningmx

THARISA, a JSE-listed chrome and platinum group metals miner, has raised the prospect of upgrading its listing in London in order to attract a broader pool of investors. “We do have the opportunity...

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Anglo American announces the proposed sale of its metallurgical coal mines in Australia to Dhilmar for $3.86bn. Includes the mines damaged by fire. miningmx.com/top-story/65305…

Anglo unveils new deal to sell Aussie coal mines for $3.86bn - Miningmx

ANGLO American today announced the sale of its remaining steelmaking coal assets in Australia, a critical step in a restructuring unveiled two years ago to the month. Anglo said Dhilmar Limited, a...

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Mining veteran Neal Froneman says crime is at critical levels in South Africa and could kill its mining sector. "We have almost the lowest investment in exploration, because SA looks to international investors like a crime-ridden industry." miningmx.com/top-story/65243…

Froneman on crime: "Don’t be soft, let’s call it treason" - Miningmx

PUTTING people on special leave is no way to root out crime and corruption, says Neal Froneman, the no-nonsense hard man of South African mining and chair of Business Against Crime (BAC). “It doesn’t...

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SA miners are saying the era of 'long winters and short summers' for the platinum market is over. Here's why they might be right. miningmx.com/top-story/65201…

Is this a new era for platinum? Its miners think so - Miningmx

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 materials identified by...

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Gold Fields couldn't buy back shares owing to market volatility linked to the Middle East conflict. But the more consequential is the war's impact on costs, and not just for Gold Fields. miningmx.com/top-story/65191…

War inflation spells trouble for SA gold miners like Gold Fields - Miningmx

MARKET volatility caused by the US-Iran war hindered Gold Fields from buying back shares in terms of a $100m capital return programme unveiled in February, the company said on Thursday. But the...

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Ghana wants more from Gold Fields. The latest African nation seeking to cash in on gold boom. miningmx.com/top-story/65076…

Africa has turned the screw on its gold miners. Just ask Gold Fields - Miningmx

RESOURCE nationalism is back in a big way in Africa’s gold sector. The latest company to come under its eye is Gold Fields, where there are concerns about the cost of renewing its mining licence for...

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Eskom agrees to cut electricity to SA ferrochrome but doesn't explain how it can absorb the cost. miningmx.com/top-story/64999…

Eskom agrees power tariff in bid to save SA ferrochrome - Miningmx

ESKOM will supply South Africa’s ferrochrome industry with heavily discounted power for the next five years under an amended Negotiated Price Agreement (NPA). The agreement, which sets a tariff of...

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Crime is closer to the boardroom than ever before in South Africa, says Neal Froneman. miningmx.com/top-story/64967…

Froneman says crime "single biggest" threat to SA economy - Miningmx

CRIME isn’t just an inconvenience to doing business, it’s the “single biggest issue we have to address” if South Africa is serious about economic growth, says Neal Froneman, chair of the World Gold...

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US and European government-backed lenders in running for a stake in $545m Karo platinum mine in Zimbabwe. miningmx.com/top-story/64930…

US, European funders in mix for Tharisa's Karo project - Miningmx

THARISA is in talks with North American and European government-backed lenders to help finance the outstanding $300m of its Karo platinum group metals project in Zimbabwe, the firm’s CEO said on...

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Gold Fields facing increasingly complex negotiations in Ghana for renewal of its Tarkwa gold mining lease. miningmx.com/top-story/64926…

Gold Fields in $740m fight with Ghana president's brother - Miningmx

GOLD Fields’s efforts to renew its mining licence for Tarkwa in Ghana, the group’s single largest mine, have been complicated by a $740m legal fight with its contractor, E&P (Engineers & Planning)....

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Patrice Motsepe announces he will relinquish executive powers on the board of ARM, the mining group he helped found in 2002. miningmx.com/top-story/64165…

Patrice Motsepe steps down as executive chair of ARM - Miningmx

PATRICE Motsepe has relinquished executive duties on the board of African Rainbow Minerals (ARM), the R46bn diversified mining group he helped found in 2002. Citing compliance with new JSE regulati...

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Rio, Glencore terminate merger talks over lack of control premium in Aussie firm's offer. miningmx.com/top-story/64010…

Rio, Glencore terminate merger talks over lack of premium - Miningmx

RIO Tinto terminated merger discussions with Glencore on Thursday after refusing to offer a control premium for the Swiss headquartered business. In its announcement, Rio Tinto said “it could not...

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Glencore to sell 40% stake in DRC copper mines to partnership between Orion Resource Partners and the US Govt. miningmx.com/top-story/63914…

Glencore in talks to sell DRC copper assets for $9bn - Miningmx

GLENCORE said on Tuesday it was in talks to sell a 40% stake in its copper and cobalt mines in the Democratic Republic of Congo. A memorandum of understanding had been signed between Glencore and...

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Sibanye-Stillwater to step back from M&A to focus on organic growth projects especially platinum, cutting costs R3bn, and reducing gross debt 50%. miningmx.com/top-story/63834…

Sibanye-Stillwater targets R3bn savings in back to basics strategy - Miningmx

‌SIBANYE-Stillwater has targeted R3bn in cost savings over the next two years as part of newly launched strategy focusing on simplification and organic growth. “Spoiler alert: this is a boring back...

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South African gold miner Pan African Resources to pay maiden interim dividend as gold cruises through $5,000/oz. miningmx.com/top-story/63739…

Pan African unveils maiden interim dividend as gold smashes $5000 - Miningmx

PAN African Resources is to pay a maiden interim dividend amid a strong operational performance for the six months ended December. Announcing an operational update for the period, Pan African said on...

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