Glencore's South African coal operations face significant challenges as the company reports R11. 2 billion in impairments, contributing to a $1. 6 billion annual loss. The mining giant grapples with reduced coal price forecasts and logistics hurdles …
South Africa is a commodity exporter, with metals and minerals making up the bulk of exports. Consequently, movements in global commodity prices, and the US dollar, ...
Anglo American Platinum's planned demerger from its parent company is set for completion by June 2024, amid expectations of significant earnings decline.
Global gold demand reached unprecedented levels in 2024, with total demand hitting 4 974 tons and values soaring to R7. 1 trillion. Strong central bank buying and ...
Contrary to previous expectations that coal demand peaked in 2019, 2024 saw record levels of production, consumption, and trade.
Roets said that Bloomberg Economics suggests we may see a 50-basis-point reduction by March.
The precious metal could also break through the $3 000 mark, having closed at $2 638. 30 on Friday.
A balance between progress and pragmatism to ensure energy security and economic stability. .
Companies such as Anglo American are are proceeding to dispose of their diamond operations such as De Beers, leaving producing countries such as Botswana scrambling ...
As a result, South32 has maintained its full-year production guidance of 2 million wet metric tonnes for the fiscal year 2025, signalling a stable outlook for its ...
Of the 12m tons produced in thermal coal by Glencore during the period, 8. 2m tones for the export market slumped from 10. 4m tons in 2023. However, Glencore raised ...
Section 45X under the new regulations was introduced in 2023, proposing a 10% Advance Manufacturing Production credit (AMP credit) for the production of products ...
BHP, which is facing separate litigation in the UK, has been accused of denying responsibility for the 2015 collapse of the Fundão tailings dam which killed 19 people, ...
With phase 1 of the expansion project at Kareerand completed and commissioned on time, Harmony expects its MWS operation’s average gold price received to increase ...
The company is strategically positioning itself to leverage robust market conditions, as gold prices have surged to their highest levels in recent years.
Once leaders in global gold output, South African mines have seen production dwindle dramatically over the decades—from 70% of global output in the 1980s to a mere ...
The SA Property Owners Association (Sapoa) – a representative body of the commercial and industrial real estate sector – is among entities that have been challenged ...
Traders have been taken by surprise by a surge in oil prices.
The PGM sector is facing a shift in which palladium and rhodium will see declining demand with no major alternative demand sector on the forecast horizon, says an ...
One of the key factors affecting South African stocks is enduring high interest rates in major economies such as the US.