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Time for govt to consider new strategies to get economic growth going, says Baxter

By: Marleny Arnoldi     21st February 2020 In what has been the longest economic downturn for the country since 1945, it has become necessary for government to consider alternative strategies and change various policies to allow business to grow the economy, Minerals Council South Africa CEO Roger Baxter said during a media briefing on... 

Pan American hikes quarterly dividend 43%

By: Creamer Media Reporter      21st February 2020 Nasdaq- and TSX-listed Pan American Silver has had a strong 2019, during which it generated $282-million in operational cash flow, allowing for $60-million in debt to be retired, a shareholder payout of about $29-million, investment in new projects and an improved cash position. The miner... 

Coeur to reposition Silvertip, operations suspended

By: Mariaan Webb     21st February 2020 NYSE-listed precious metals miner Coeur has temporarily suspended operating activities at its Silvertip zinc/lead/silver mine, in British Columbia, Canada, as the mine struggles to generate positive cash flow amid deteriorating zinc and lead markets. Silvertip, which represents about 6% of... 

New Concor chief sees surge in issuance of large tenders as sign of possible construction turnaround 

By: Terence Creamer     19th February 2020 Newly appointed Concor CEO Lucas Tseki believes the strong flow of tenders in the last quarter of 2019 could signal that the domestic construction market is finally bottoming out. He is also cautiously optimistic that infrastructure-focused departments and State-owned enterprises (SOEs) are, at... 

ACCC calls for more gas exploration

By: Esmarie Iannucci     18th February 2020 The Australian Competition and Consumer Commission (ACCC) has called on Australia’s southern state to allow gas exploration in a bid to secure supply. “Southern states risk facing a shortfall in the medium term unless there is more exploration and development in the south, or new infrastructure... 

Demand Driven World Africa At SAPICS 2020

18th February 2020 Data from the Harvard Business Review reveals that businesses are disappearing faster than ever before, and that companies are dying younger because they are failing to adapt to the growing complexity of their environment. Today’s supply chains are more complex and volatile than ever before;... 

Kumba pays out 92% of HEPS to shareholders as iron-ore prices lift earnings 

By: Marleny Arnoldi     18th February 2020 JSE-listed miner Kumba Iron Ore delivered a payout ratio of 92% of headline earnings per share (HEPS) for the year ended December 31, exceeding its 50% to 75% dividend payout policy. The company declared a final cash dividend of R15.99 apiece, which, combined with the interim dividend of R30.79... 

Record-performing Amplats applying for 75 MW solar power at Mogalakwena

By: Martin Creamer     17th February 2020 Platinum group metals (PGMs) mining company Anglo American, which has reported record safety, record financials and the highest dividend in 15 years, has submitted an application to be allowed to self-generate 75 MW of solar power at its Mogalakwena mine where the world’s largest hydrogen fuel... 

Woodside suffers under Kitimat impairment

By: Esmarie Iannucci     13th February 2020 Oil and gas major Woodside Energy has seen a significant drop in its full year net profits after tax after recording a $720-million non-cash impairment for the Kitimat liquefied natural gas (LNG) asset, in Canada. The ASX-listed major on Thursday told shareholders that the net profit after tax... 

Pretium tumbles on production outlook, CEO and chief geologist step down

By: Mariaan Webb     13th February 2020 Golden Triangle gold miner Pretium Resources on Wednesday lost more than one fifth of its value, after the gold miner provided its 2020 guidance for the Brucejack mine and flagged lower production from the new Valley of the Kings deposit. The company also announced that its president and CEO,... 

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