South African mining profits slump by almost half
Mining News Pro - South African mining company profits have plunged by almost half this year, dropping almost 100 billion rand ($5.2 billion) because of the blows from lower commodity prices, crippling power cuts, rail network constraints and rising costs, Fin24 said, citing a report by PwC.
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South African mining dealmaker plots M&A push before retirement
Mining News Pro - South African mining dealmaker Neal Froneman is considering retiring in two to three years time, but would first like to double the size of Sibanye-Stillwater.
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South African mining braces for coronavirus lockdown
Mining News Pro - South African mining companies are bracing for a heavy hit from the country’s looming nationwide lockdown to slow the spread of the coronavirus, warning of an expected leap in costs in addition to their lost output.
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South African mining output rises for first time in nine months
Mining News Pro - South African mining output increased for the first time in nine months in July as coal and iron ore production surged.
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South African mining sees considerable decline of 5.2% in July – Stats SA
Mining News Pro - ining production in South Africa decreased by 5.2% year-on-year in July, following a 3.7% year-on-year rise in June, mainly as a result of declines in the production of gold, iron-ore, coal and platinum-group metals (PGMs).
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