MiningWeekly.com Audio Articles

Kumba pays 75%-of-earnings dividend, creates R13bn of shared value . JOHANNESBURG (miningweekly.com) – Iron-ore mining and marketing company Kumba Iron Ore on Tuesday declared an interim cash dividend of R19.60 a share, representing a payout ratio of 75% of headline ear...

Kumba, Anglo boards approve new R7bn iron-ore project at Kolomela . JOHANNESBURG (miningweekly.com) – Iron-ore mining and marketing company Kumba Iron Ore on Tuesday announced the approval of the Kapstevel South project at its Kolomela mine, by both the company’s and A...

Gold futures touch record as haven demand builds, contract rolls . Gold futures traded at a record as the dollar plunged and concerns about the global economy boosted demand for havens, while the most-active contract rolled to a month that had already topped the all-t...

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...