PIC lifts stake in Sibanye to 15% . State-owned fund manager, the Public Investment Corporation (PIC) has increased its shareholding in NYSE- and JSE-listed precious metals miner Sibanye-Stillwater from 10.0031% to 15.024%.

The PIC in ...

PGM prices will remain robust in the short term – Amplats . JOHANNESBURG (miningweekly.com) – Platinum group metal (PGM) prices will remain robust in the short term. That is the view of Anglo American Platinum (Amplats), whose CEO Natascha Viljoen sees demand a...

Gold nears $1 900 as veteran Mobius says keep buying . Gold traded near $1 900 an ounce, edging closer to its all-time high set almost nine years ago, as concerns about global growth buoyed haven demand.

Increasing signs that the prolonged coronavirus pa...

Pandemic exacts toll on iron-ore sector, but prognosis for recovery is good . The iron-ore sector has been considerably affected by the Covid-19 pandemic, with the worst of the repercussions expected this year; however, there are signs of recovery moving forward.

Global iron-o...

Minergy exports first coal to South African client . Botswana-based coal miner Minergy, which owns and operates the Masama coal mine in the Mmamabula coalfield, exported its first coal by rail to South Africa on July 17.

The coal was loaded onto trucks...

Ivanhoe to publish updated DFS for Platreef project after some metal prices rise . Taking into account significant increases in the prices of palladium, rhodium, gold and nickel over the last three years, TSX-listed Ivanhoe Mines has decided to publish an updated definitive feasibili...

Covid-19 takes its toll on Petra's production, revenues . London-listed diamond miner Petra Diamonds has reported a 7% year-on-year reduction in production, from 3.87-million carats in the 2019 financial year, to 3.59-million carats in the financial year ende...

Menar’s R250m cash-funded solar-served East Manganese project is under way . JOHANNESBURG (miningweekly.com) – Initial project activities are under way at the R250-million cash-funded East Manganese project in Hotazel, Northern Cape, where the hot sun will be harvested to provi...

Gold Fields welcomes B4SA's economic recovery strategy . JSE-listed gold miner Gold Fields welcomes the accelerated economic recovery strategy published by Business for South Africa (B4SA) in mid-July, which is aimed at achieving higher levels of economic gr...

Foreign investors shun South African gold stocks on virus fears . Not even a record rally can entice foreign investors to South African gold stocks.

With gold prices soaring on the heels of monetary stimulus, shares in producers of the metal are back in favor aroun...