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Monday, 20th September 2021
9:07:33pm

Mining

Articles related to mining

Record bullion prices give South African gold miners a lifeline, risks remain

South African gold miners are looking to cut debt and boost dividends as bullion hits record highs, with analysts and fund managers predicting a sectoral growth spurt over the next two years amid rising investor interest.

Shunned by investors due to mines that are old, deep, and difficult to extract, the country’s gold miners have traded at a…

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Amplats H1 earnings fall as pandemic and closure of processing facilities weigh

Anglo American Platinum (Amplats) on Monday reported a drop in half-year earnings, hurt by the impact of the new coronavirus on output and the temporary shutdown of its processing facilities.

Amplats said headline earnings per share (HEPS) for the six months to June 30 fell to 26.27 rand per share, a decrease of 7%, compared with 28.15 rand a year…

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Barrick Gold alerts authorities after fake news release claims it sold Lumwana mine

Barrick Gold on Thursday said there is “absolutely no truth” in a news release circulated on social media in Zambia claiming the gold miner sold its Lumwana copper mine.

The fake press release, dated June 15, claimed Barrick had sold its Zambian copper mine to Metalinvest Capital Corporation and Zambia’s National Pension Scheme Authority (NAPSA)…

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Kibali's $500 million will be cleared to leave Congo 'very soon' - Barrick CEO

Barrick Gold’s Kibali gold mining joint venture in Democratic Republic of Congo will be able to get $500 million out of the country very soon, CEO Mark Bristow told Reuters on Monday.

The gold miner has been in discussions with Congo’s government over how to get the money out of the country for months. A resolution was close in January, but then…

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Zimbabwe gold miner RioZim halts production over payment delays

Zimbabwe’s biggest gold miner RioZim Ltd said on Tuesday it had stopped production due to delays in payments for deliveries to the country’s sole buyer of bullion, which left the company unable to meet its operational expenditures.

Gold is Zimbabwe’s single largest foreign currency earner, and Fidelity Printers and Refiners, an arm of the central…

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