BRPs to meet with Optimum, Koornfontein creditors to vote on proposed business rescue plans. JOHANNESBURG (miningweekly.com) – The joint business rescue practitioners (BRPs) of Optimum Coal Mine (OCM) and Koornfontein Mines (KFT) expect to convene meetings with creditors within the next few we...

Sibanye reports good PGMs performance, but gold output falls amid strike. JSE- and NYSE-listed Sibanye-Stillwater on Thursday said its South African platinum group metals (PGMs) operations continue to do well, with the miner expecting its platinum, palladium, gold and rhodiu...

Value-chain relationship rebuild essential for platinum group metals’ survival – Ritchken. JOHANNESBURG (miningweekly.com) –The rebuilding of key strategic relationships across the value chain of the platinum group metals (PGMs) sector is essential for the survival of the industry, Mining Ph...

AMCU reveals 2019 plans amid ongoing strike at Sibanye-Stillwater. Association of Mineworkers and Construction Union (AMCU) president Joseph Mathunjwa on Wednesday said the union would continue its protected strike at Sibanye-Stillwater’s gold operations until its dem...

Gold treads lower on improved risk appetite; palladium at record high. BENGALURU – Gold prices edged lower on Wednesday as a likely end to a long-drawn Sino-US trade war boosted risk sentiment, outweighing expectations of a pause in interest rate increases by the Federal ...

Centamin output falls 13% y/y in ‘operationally challenged’ year. The company, which operates the Sukari mine, in Egypt, had, during 2018, revised its full-year guidance downward in response to operational challenges, including lower grades from the openpit in the fi...

AMCU strike continues at Sibanye as union verification process is adjourned. JOHANNESBURG – Sibanye-Stillwater said on Monday that the mediator of the ongoing strike at its gold operations in South Africa would approach the Labour Court to seek guidance about the verification o...

Tanzania names latest mining minister in ongoing industry clash. NAIROBI – Tanzania named a new mining minister on Tuesday amid a prolonged spat between the government and gold producer Acacia over a $190-billion tax bill, which has severely limited the London-liste...

Gold miners to focus on mitigating risks – Fitch Solutions. Consultancy company Fitch Solutions believes the gold mining industry will remain fragmented, with the top five companies producing just one-fifth of global output. Despite the company’s expectation...

Goldman takes hatchet to near-term metals outlook as China sours. Goldman Sachs Group chopped back its near-term metals forecasts as China’s economy has “decelerated notably,” while balancing that outlook with a prediction mainland policy makers will respond by stoki...