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DRDGOLD CEO Niël Pretorius has spent much of the past two decades trying to show that cleaning up the legacy of South Africa’s gold mining industry does not simply have to be an expense. The gold tailings retreatment company’s latest results, announced on Wednesday, 19 August, are a case in point. Annual profits nearly doubled […] The post Let mine waste pay for mining’s cleanup, says Niël…
The US International Development Finance Corporation (DFC) is backing a pipeline of African rare-earth projects in an effort to reduce investment risks and attract private capital to a sector considered strategically important to Washington, Reuters reported. The agency has committed $62.8m to projects in Malawi, Angola, Madagascar and South Africa, although none has yet entered production. […]…
SOUTH Africa’s coal industry may struggle to supply more than about 75 million tonnes a year to the Richards Bay export corridor even if Transnet restores rail capacity above that level, Exxaro Resources CEO Ben Magara said. That could leave extra export capacity for producers such as Exxaro. “I am not convinced the coal industry […] The post SA coal exports may hit 75Mt supply ceiling, says…
EXXARO Resources has recorded a roughly 50% improvement in direct coal railings from its Grootegeluk mine in the Waterberg coalfield in Limpopo to Richards Bay, CEO Ben Magara said, as improving Transnet performance helps the miner increase exports from the Waterberg. Magara said in an interview on Thursday that train frequency improved from roughly three […] The post Exxaro lifts Grootegeluk rail…
REGULATORY scrutiny of major mining mergers is intensifying as governments focus more closely on critical minerals and security of supply amid geopolitical uncertainty, Reuters reported. However, industry executives do not see it as a fundamental barrier to dealmaking. CEOs at Glencore, Anglo American and Rio Tinto said following recent half-year results that antitrust and national-interest […]…
DRDGOLD is giving itself more time to develop its Withok tailings storage facility, saying the long-term importance and complexity of the project mean it cannot afford to rush its construction. Withok, one of the final projects in DRDGold’s Vision 2028 programme, is now expected to be completed by the end of 2029. However, this will […] The post DRDGold won’t rush Withok as tailings project slips…
DRDGOLD benefited from a 40% increase in the average gold price in its 2026 financial year, helping operating profit jump 83% even as the company invested R3.5bn in expansion projects. “This was a year of delivery,” CEO Niël Pretorius said in a statement before the results release. “We maintained production while investing at a level […] The post Gold price boost lifts DRDGold profit 83% in ‘year…
IT was goodbye. As chair Stuart Chambers opened the interim results presentation recently for Anglo American, which is due to merge with Canada’s Teck Resources, he said: “I have spent nine years as chair at Anglo, and I will be handing over that baton to the chair of Anglo Teck, Sheila Murray,” adding pointedly: “On […] The post Diamonds to stay in Anglo Teck until anti-trust approval appeared…
SOUTH Africa is proposing its biggest overhaul of electricity pricing policy in almost two decades, with reforms designed to give commercial and industrial customers greater certainty over future costs and more choice over where they buy power, Bloomberg reported. The proposed framework is expected to be gazetted on Friday, 21 August. Suggested reforms include a […] The post SA power pricing…
Zambian President Hakainde Hichilema’s re-election is set to provide policy continuity for investors as Africa’s second-largest copper producer seeks to sharply expand mining output and build on recent economic stabilisation, according to a Reuters report. Hichilema secured roughly 60% of valid votes, securing a second term as president. His victory comes as Zambia emerges from […] The post…