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OPINION. Columnists David McKay - October 16, 2024. Columnists Bernard Swanepoel - October 10, 2024. Gold Brendan Ryan - September 11, 2024. Markets David McKay - November 1, 2024. Markets David McKay - October 31, 2024. Markets Staff Writer - October 30, 2024.
Gold Fields’s vastly improved quarter to ease pressure on Fraser
19 hours ago · All in all, third quarter production totalled 510,000 oz, a 12% quarter-on-quarter improvement (6% lower y-o-y), and a 5% decrease in all-in sustaining costs which came in at $1,909/oz. This performance eases the pressure on Mike Fraser, Gold Fields CEO who saw a major drop off in company performance shortly after taking the reins almost a year ...
Big league investors back new approach to mining - Miningmx
Oct 8, 2024 · A REPORT by some of the world’s largest investors have urged a more hands-on approach to investing in mining companies by pushing for better environmental practices and broadening the scope of concern to industries reliant on minerals. Bloomberg News said asset managers representing more than $15 trillion in investment, and including ...
Harmony increases proposed Eva Copper output 20% - Miningmx
17 hours ago · November 11, 2024. Copper cathodes. HARMONY Gold may produce more metal from Eva Copper than first proposed as it nears the conclusion of a feasibility study into the Australian project. Commenting in its first quarter production report on Monday, the South African gold miner said it could produce 50,000 to 60,000 tons of copper from Eva.
Bushveld CEO offers glimmer of hope for stricken miner
2 days ago · November 12, 2024. BUSHVELD Minerals CEO Craig Coltman offered a small glimmer of hope for the stricken miner saying there had been a small “uptick in the vanadium price”. The company is currently living on a day-to-day basis after saying in its third quarter production update that it didn’t have sufficient working capital to address its ...
Markets Archives - Miningmx
Afrimat profits drop by 45% as it digests the latest acquisition... Brendan Ryan - October 24, 2024 0. Diversified mining group Afrimat reported a 45% drop in operating profit to R292,7m in the six months to end-August (previous comparable period – R534.1m)...
Global miners facing 80% haircut in 2023/24 - Miningmx
June 25, 2024. NET profits earned by the world’s 40 biggest miners plunged by 44% in 2023 compared with 2022 and are expected to drop by another 36% in 2024 on a combination of lower commodity prices and above-average inflation, PwC said in its annual Mine 2024 report. It said total revenues of the world’s top 40 mining companies fell by 7% ...
The Mining Yearbook 2020 - Miningmx
The Mining Yearbook 2020. The COVID-19 pandemic is accelerating change in the world’s mining sector and adding previously unanticipated dynamics. We speak to the industry’s top CEOs on how 2020 has changed the shape of their industries forever. We ask whether Eskom CEO Andre de Ruyter can make his long-term plans to overhaul Eskom stick?
News Archives - Miningmx
Resolute warns of lower gold as rains pummel mines. David McKay - October 29, 2024 0. RESOLUTE Mining said "unprecedented rains" negatively affected production at its Senegal and Mali mines in the third quarter in which output fell and costs...
First graphite delivered from Madagascar’s Molo mine
Oct 25, 2024 · Photographer: Christinne Muschi/Bloomberg via Getty Images. NEXTSOURCE Materials, a Toronto-listed firm, said on Thursday the first commercial graphite concentrate was delivered from its Molo mine in southern Madagascar to clients in Germany and the US. “This is an important step in NextSource’s development as a supplier of critical ...