Astron Energy’s oil refinery in Cape Town, where a fire broke out last month killing two people and injuring seven others, remains closed while a full investigation into the incident is carried out. The former Chevron 100 000 bbl/d Milnerton refinery –…
Uncertain when Milnerton oil refinery will come back on stream Read More »
The ferrochrome business remains solid and there is still a large amount of ferrochrome required in the world. Unfortunately, most of the production occurs in ferrochrome plants in China, while South Africa continues exporting chrome ore and moving a l…
Ferrochrome business remains solid, world still requires large amount of it – Glasenberg Read More »
Gold mining company AngloGold Ashanti on Friday posted a colossal surge in half-year free cash flow generation, most of it coming in the three months to June 30.
Free cash flow before growth capital, the metric on which dividends are calculated, rose …
High-flying AngloGold posts colossal free cash surge as it weathers Covid disruption Read More »
Coal will continue to be assessed but should remain in Glencore right now, Glencore CEO Ivan Glasenberg said on Thursday. For the six months to June 30, the London- and Johanneburg-listed diversified mining and marketing company report that its energy …
Coal will continue to be assessed but should remain in Glencore right now – Glasenberg Read More »
Notwithstanding its cash-generative business and secure liquidity positions, the board of Glencore has concluded that it would be inappropriate to make a distribution to shareholders in 2020, Glencore CEO Ivan Glasenberg said on Thursday. Instead the L…
Glencore holds back on dividend, accelerates net debt reduction Read More »
The interest in platinum group metals (PGMs) is high at the moment, World Platinum Investment Council (WPIC) research director Trevor Raymond said on Wednesday. Speaking to Mining Weekly from London in a Zoom interview, Raymond said: “As you know, the…
Platinum continuing to attract strong investor interest – WPIC Read More »
High-flying platinum group metals (PGM) mining company Royal Bafokeng Platinum (RBPlat) is going into the second half of this Covid-hit year well-positioned with stockpile, upper group two (UG2), lower capital and gold-streaming tailwinds. RBPlat CEO S…
High-flying, dividend-talking RBPlat going into second half with tailwinds Read More »
Mid-tier platinum group metals producer Royal Bafokeng Holdings on Tuesday reported sky-rocketed earnings on lower Covid-19-impacted half-year production. The JSE-listed company’s earnings before interest tax depreciation and amortisation in the six mo…
RBPlat reports sky-rocketed first-half earnings on lower Covid-hit output Read More »
The lifting of exchange control by South Africa sends a really strong message about the country’s desire to promote investment and growth, says Anglo American finance director Stephen Pearce. He gave South Africa a pat on the back during Anglo’s virtua…
Exchange control lifting sends strong growth message – Anglo Read More »
Covid-19 notwithstanding, diversified mining company Anglo American will this year be spending the $300-million that it forecast on the Woodsmith polyhalite project in the UK, which gives it entry into the crop nutrients business at a time when fertili…
Crop nutrients have double potential of coal being exited – Anglo Read More »
