Sibanye-Stillwater to axe 4,000 jobs in gold mines restructuring

The planned restructuring of its loss-making South African gold operations may impact 3,107 employees and 915 contractors.

Cecilia Jamasmie | April 11, 2024 | 3:45 am

Zimplats to cap job cuts at 1% of workforce, CEO says

Zimbabwe's biggest platinum producer announced in March it was offering voluntary job cuts.

Reuters | April 10, 2024 | 7:59 am

Sibanye may seek $500m via metals prepayment deals to boost cash

The precious metals producer saw profits tumble $2 billion last year due to lower metal prices and a reported $2.6 billion of impairments.

Reuters | April 10, 2024 | 5:31 am

Amplats says it has received no credible offers for South African assets

Parent company Anglo American prompted the speculation in February when CEO Duncan Wanblad said "nothing is off the table".

Reuters | April 10, 2024 | 5:25 am

Big 5 diversified mining companies are having a rough 2024

World’s 50 biggest miners had a combined market capitalization of just under $1.4 trillion, with losses at the very top offsetting a banner quarter for gold and copper stocks.

Frik Els | April 5, 2024 | 9:47 am

Nornickel completes stock split

The Russian miner has converted each share into 100.

Reuters | April 4, 2024 | 8:21 am

Scientists develop greener method for extracting gold from low-grade ore, e-waste

New technique safely extracts valuable metals from e-waste and low-grade ore using dramatically less energy and fewer chemicals than existing processes.

Staff Writer | April 3, 2024 | 6:06 am

Nornickel says some EU clients refuse to buy products made of Russian metal

Although Nornickel itself and its metals are not a target of Western sanctions some consumers are voluntarily shunning deals for its metals and of products made from Russian raw materials.

Reuters | March 30, 2024 | 1:38 pm

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Goldman Sachs settles 2014 class action lawsuit tied to metal trades

Anglo CEO meets South Africa mines minister after BHP’s takeover proposal

BHP’s high-stakes tilt for Anglo puts regulators in spotlight

Glencore takes 15.4% Stillwater Critical Minerals stake

Anglo American rejects “opportunistic” $39bn takeover bid from BHP

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