South African mining profits slump by almost half, report saysAn analysis of 29 domestic mining companies showed that combined net income slumped to 108 billion rand in their latest financial years, from a record 206 billion rand.Bloomberg News | October 4, 2023 | 10:07 am
Sibanye CEO warns of platinum mining job losses as price plummetsSouth African platinum group metal miners are battling an electricity…Reuters | October 4, 2023 | 7:44 am
Nornickel says cash flow not yet stable enough to resume dividendsNornickel this year failed to pay dividends on its 2022 results for…Reuters | September 8, 2023 | 7:49 am
Triple Flag acquires royalty on polymetallic Thunder Bay North project Triple Flag is acquiring up to a 2.5% NSR royalty for $15 million on the platinum, palladium, copper and nickel project. Staff Writer | December 23, 2022 | 10:08 am
Nornickel mulls cutting output by 10% next year The war in Ukraine has impacted the miner by disrupting logistics, insurance and shipping. Bloomberg News | December 20, 2022 | 8:30 am
US sanctions Russia’s richest tycoon, Nornickel boss Potanin The action against Potanin was part of a broader sanctions package the Treasury Department rolled out Thursday. Bloomberg News | December 15, 2022 | 8:24 am
Gold extracted from SIM cards can be used to make painkillers Researchers have developed processes for extracting gold from e-waste and using it in drug manufacturing. Staff Writer | December 14, 2022 | 6:06 am
Northam Platinum raises cash part of RB Platinum bid The maximum cash value of the offer now stands at 17 billion rand, up from 10 billion rand. Reuters | December 12, 2022 | 10:11 am
Tharisa raises $32m via bond issue for Zimbabwe mine construction Tharisa had planned to raise $50 million to partly fund the building of its 70%-owned Karo platinum mine in Zimbabwe. Reuters | December 12, 2022 | 6:40 am
Gold objects found in Troy were mass-produced, travelled great distances Gold in objects from Troy, Poliochni and Ur in Mesopotamia have the same geographic origin and were traded over great distances. Staff Writer | December 11, 2022 | 7:41 am
Extortion ‘mafia’ hits South Africa’s $55 billion mining sector “The procurement mafia mobilizes the community for their own devices," said Paul Dunne, chief executive officer of Northam Platinum Holdings Bloomberg News | December 9, 2022 | 6:50 am
Ring of Fire Metals and Webequie First Nation sign MOU on Ontario nickel project development The Eagle’s Nest project has been billed as the largest high-grade nickel discovery in Canada since Voisey’s Bay in Labrador. Staff Writer | December 6, 2022 | 11:15 am