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Higher export prices, weaker exchange rate to underpin Kumba’s interim financials

By: Simone Liedtke     14th May 2019 JSE-listed Kumba Iron Ore expects to deliver a stronger financial performance, underpinned by higher average iron-ore export prices and a weaker rand:dollar exchange rate for the six months ending June 30. Headline earnings and basic earnings for the period are expected to increase by 160%... 

Anglo’s first-quarter copper output rises, while met coal production disappoints

By: Marleny Arnoldi     25th April 2019 Two planned longwall moves at Anglo American’s metallurgical coal operations made the biggest contribution to the company’s 6% decrease in overall production for the quarter ended March 31. CE Mark Cutifani said in a statement on Thursday that isolated production issues at the Venetia diamond... 

Resources Watch  

25th April 2019 Kumba hands over Siyathemba youth centre, parks to community And, Orion clinches potent new-style empowerment deal 

Eager black investors fund premium-priced opportunity in zinc, copper 

By: Martin Creamer     17th April 2019 Black investors have self-funded the purchase of shares at a premium price in the fast-tracked redevelopment of the Prieska zinc and copper mine in the Northern Cape, which has a three-year payback and a minimum mine life of ten years. The $8-million equity capital raising by Orion Minerals,... 

Miners behind pre-poll South African stock rally not done yet

By: Bloomberg     17th April 2019 South African mining stocks have had their best start to the year since 2016 and there’s every chance they are not done yet. The FTSE/JSE Africa Mining Index has gained 22% as of April 16 and is close to an eight-year high, helping South Africa’s benchmark gauge advance 12% as investors show few... 

Kumba hands over Siyathemba youth centre, parks to community  

By: Tasneem Bulbulia     16th April 2019 Kumba Iron Ore CE Themba Mkhwanazi on Tuesday officially handed over 17 parks, as well as the Siyathemba Youth Centre, to the community of Siyathemba, near Kathu. Siyathemba is a newly built town, near Kathu, in the Northern Cape, to which the previous town of Dingleton is being relocated. This... 

Orion clinches potent new-style empowerment deal  

By: Martin Creamer     16th April 2019 Sydney- and Johannesburg-listed exploration and mining development company Orion Minerals has found a formula to achieve empowerment that puts all shareholders at full participation and contribution. “What we’ve arrived at is a fantastic win-win scenario,” an overjoyed Orion CEO Errol Smart told... 

Mbazima to retire from Anglo American after 18 years 

By: Creamer Media Reporter      12th April 2019 Norman Mbazima will step down as deputy chairperson of Anglo American South Africa on June 30. “Norman has made an exceptional contribution to Anglo American over the last 18 years, delivered with tireless energy, most recently as deputy chairperson of Anglo American South Africa. He has played... 

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