South32 expects loss of up to $175m from South African coal unit sale

The listing is not intended to raise capital but would allow investment from South Africa where its core business was located.

Executives, investors and government officials meet in Cape Town this week at the African Mining Indaba, the continent’s biggest gathering of one of its most essential industries.

Record palladium prices and a weaker rand are lifting the gloom enveloping South Africa’s platinum industry.

If you are searching for clues on how the rand will move next, watch the iron-ore price.

It is the second largest diamond mined from Kareevlei and the third valued at over $50,000.

Effective June 1, 2019.

The Mining Charter III (MCIII) heaps more pain on South Africa’s alluvial diamond producers who already face enormous cost burdens and high risks.

The company, which operates the Liqhobong diamond mine in Lesotho, said it recovered 224,947 carats in the three months through December, down from 240,733 carats in the first quarter.

After years on the sidelines, gold producers are suddenly the mining world’s hottest topic as the industry gathers in Cape Town this week.