Homepage - Miningmx
WEBOut of the spotlight, Trans Hex stages surprising comeback. Marc Hasenfuss - September 19, 2024 0. When Trans Hex skulked off the JSE at the end of 2019, few punters gave the beleaguered diamond mining group a snowball’s chance of...
Gold Fields paid premium for Osisko to avoid ‘another Yamana’
WEB4 days ago · GOLD Fields is one of the companies criticised for overpaying for assets following its C$2.16bn Osisko Mining takeover last month. Concluded at a 55% premium, the transaction drew the attention of Barrick Gold CEO, Mark Bristow. Famously reticent to commit to mergers & acquisitions, Bristow described Gold Fields’s deal as “concerning”.
Homepage - Miningmx
WEBSibanye-Stillwater to halve Stillwater output, eyes $600-700m in metal sales. SIBANYE-Stillwater is to cut production at its US Stillwater palladium/platinum mine 200,000 ounces/year and is nearing additional prepayment deals on gold as well as...
Sibanye-Stillwater targets uranium deal in six months
WEBSep 17, 2024 · SIBANYE-Stillwater hoped to conclude a deal on its South African uranium resources within three to six months, its CEO Neal Froneman has said. Froneman said in March the company had fielded interest from Canada and Australia in a possible asset-for-equity swap or a trade sale. Sibanye-Stillwater has about 32 million pounds of uranium contained in […]
Cash flush Harmony never better placed to grow offshore
WEBSep 19, 2024 · Steenkamp’s retirement comes just as Harmony registers record full-year earnings — and is arguably at its apogee. Operating free cash flow was R12.7bn in the 12 months to end-June, another record. Net cash is R2.8bn as of June 30. What’s more, those numbers were achieved at an average gold price of $1,999/oz.
Out of the spotlight, Trans Hex stages surprising comeback
WEBSep 19, 2024 · Van Niekerk said the Trans Hex NAV was reduced by 44% during the year because lower diamond prices render parts of the Somiluana Mine’s resources uneconomical and reduced the expected life of the mine. Thus, the value of Astoria’s then 25% investment in Trans Hex dropped from R83.2m to just R46.4m. That still infers a value of R184m for ...
Gold Archives - Miningmx
WEBResolute bolsters balance sheet with $140m in senior debt. David McKay - September 4, 2024 0. RESOLUTE Mining has raised $60m in debt boosting its plans to expand gold production in West Africa where it currently operates two mines. Senior debt...
News Archives - Miningmx
WEBAngloGold bids $2.5bn in cash and shares for Centamin. David McKay - September 10, 2024 0. ANGLOGOLD Ashanti has launched a $2.5bn share and cash takeover of Centamin, the 470,000 ounce a year African gold miner.
Top Story Archives - Miningmx
WEBMiningmx's Top Story section provides the latest and most significant news related to the African mining sector, with a focus on independent journalism.
Saudi’s rise in mining is breathtaking, and problematic
WEBAugust 28, 2024. L ong the world’s largest producer of oil, Saudi Arabia now seeks to unlock a treasure trove of minerals beneath its sands while using the endowment generated by decades of hydrocarbon revenue to invest in mining elsewhere, notably Africa. This has the potential to dramatically raise the Kingdom’s geopolitical and economic ...
Skip to content