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Miningmx is a digital publication which provides independent news and analysis related to the African mining sector. The publication does not republish the content of other news vendors and focuses on producing best content through its network of independent journalists.
Why Exxaro should stick with coal and pay out its cash
1 hour ago · EXXARO Resources said last year it will press on with plans to diversify production into “green metals”. In the case of the JSE coal miner, read manganese — which is used to make steel and also has a battery application in electric vehicles. It’s questionable, though, if such a deal can happen while its CEO […]
Hummingbird takeover offer to be declared unconditional
4 days ago · THE delisting of Hummingbird Resources moved a step forward on Friday after the gold miner’s main shareholder Nioko waived outstanding conditions on its takeover offer of 2.6777 pence per share in cash.. As a result, the offer will be unconditional once it is made. Offer documents are expected to be issued to shareholders by January 13. Another proposal to convert Hummingbird’s debt to ...
The Mining Yearbook 2024 - Miningmx
Miningmx is a digital publication which provides independent news and analysis related to the African mining sector. The publication does not republish the content of other news vendors and focuses on producing best content through its network of independent journalists.
About Us - Miningmx
Miningmx is a digital publication which provides independent news and analysis related to the African mining sector. The publication does not republish the content of other news vendors and focuses on producing best content through its network of independent journalists. The scope of the news and analysis is around commodity markets and corporate developments of […]
Top Story Archives - Miningmx
Miningmx is a digital publication which provides independent news and analysis related to the African mining sector. The publication does not republish the content of other news vendors and focuses on producing best content through its network of independent journalists.
AngloGold open to selling mines if Centamin deal passes muster
Sep 10, 2024 · ANGLOGOLD Ashanti CEO Alberto Calderon said he was open to selling less profitable mines if the firm’s $2.5bn offer for Centamin announced today was approved. “In my view, you cannot shrink into greatness but [this deal] allows you to be focused on tier one assets and have another look at your tier two assets,” he said in response to a question during an analyst and investor conference call.
Global miners facing 80% haircut in 2023/24 - Miningmx
Jun 25, 2024 · NET profits earned by the world’s 40 biggest miners plunged by 44% in 2023 compared with 2022 and are expected to drop by another 36% in 2024 on a combination of lower commodity prices and above-average inflation, PwC said in its annual Mine 2024 report.. It said total revenues of the world’s top 40 mining companies fell by 7% in 2023 compared with 2022 and are expected to slide another 6% ...
News In Brief Archives - Miningmx
Miningmx is a digital publication which provides independent news and analysis related to the African mining sector. The publication does not republish the content of other news vendors and focuses on producing best content through its network of independent journalists.
Why Tharisa is yet to win over more investors - Miningmx
1 day ago · CHROME saved the day for resource group Tharisa, which registered a 28% decline in its average platinum group metal (PGM) price during its 2024 financial year ended September. Comprising 68% of Tharisa’s total revenue, chrome has been driven by strong growth in the Chinese stainless steel industry. Despite this resilience, Tharisa is a company with […]