December 22, 2023

Sumitomo names Ueno as next CEO, promising reform

Shingo Ueno, 64, has played a pivotal role in leading Sumitomo's metals, resources and chemicals businesses.

December 21, 2023

UK fraud watchdog must pay damages to ENRC, court rules

ENRC has always denied any wrongdoing and argued the UK's Serious Fraud Office would not have launched its investigation if it had not first induced the company's former lawyer to…

December 20, 2023

Platinum miners’ underground protest in South Africa goes on

Impala Platinum has stated that an underground protest at the Bafokeng Rasimone mine remains unresolved, with more than 2,000 workers still below the surface.

December 15, 2023

Plummeting platinum group prices could worsen shortage — report

PGM prices have fallen by 42% this year and could widen a supply deficit if unprofitable mines are sidelined.

December 14, 2023

Tharisa full-year profit down 31% on weak PGM prices

Weak PGM prices and uncertain global economic prospects have forced Tharisa to delay commissioning its $361 million Karo mine.

December 13, 2023

New platinum ETF fund drives investor capital to South Africa

The fund launched in 2013 allows direct investments in platinum traded on the spot market and registered the highest inflows among locally listed funds.

December 13, 2023

Manganese may pave the way for inclusion of organic light-emitting diodes in consumer electronics

Manganese was the key ingredient in developing white and green organic light-emitting diodes displaying record high efficiency.

December 12, 2023

Anglo American’s falling shares fuel takeover rumours

Analysts say Anglo's current low valuation and diversified portfolio makes it an attractive target for potential buyers.

December 8, 2023

S. Africa mine sit-in by protesting workers enters third day

The sit-in at Wesizwe Platinum’s Bakubung operation northeast of Johannesburg involves about 280 employees.

December 7, 2023

Anglo American preps sweeping cost cuts as price rout bites

A rapid and precipitous plunge in palladium and rhodium has already forced other South African producers to cut jobs.