‘One-two punch’: SA hit by global diesel crunch
Disrupted Middle Eastern supplies, damage to Russian refining capacity, and unusually thin inventories are squeezing diesel.
Anglo drops De Beers listing plan as buyers circle
A parallel process to potentially list the embattled diamond business has been abandoned in favour of a trade sale.
ArcelorMittal SA pins hopes on cheaper power as losses mount
ArcelorMittal South Africa expects to soon conclude a negotiated power pricing deal which would help its return to profitability.
‘We are not exclusive’: Anglo says De Beers sale remains open
Anglo American has denied it is negotiating with only one bidder as the process to dispose of its embattled diamond business drags on.
‘Quicker, more on the ball’: Cast off by Anglo, cash-flush Valterra revels in its freedom
A year after separating from Anglo American, Valterra Platinum has emerged as a cash-flush business with an increasingly distinct operating strategy.
Valterra pays big dividend as cash balloons to R24bn - from R5bn in debt a year ago
Valterra Platinum has declared an interim dividend of R57 a share, equivalent to 70% of headline earnings and well above its stated policy of distributing 40%.
300km of rail still broken: Kumba won’t raise sales hopes yet
With more than 300km of rail to be replaced, Kumba will not yet raise its sales forecast.
Kumba’s price cushion narrows as breakeven cost climbs
Kumba Iron Ore reported a 19% jump in its breakeven price amid rising costs stoked by external headwinds.
Implats halts Rustenburg mining after deaths
Implats has suspended operations at the Rustenburg complex due to deep concern over recent incidents.
Infamous Gupta-linked Optimum coal mine claws its way back to life
Optimum mine is simultaneously one of South Africa’s biggest mining turnaround projects and a visibly wounded industrial site.