Category archives for: Mining

De Beers unfazed by diamond sales decline

Bruce Cleaver, Chief Executive Officer, De Beers Group

By GIFT NDOLWANE JOHANNESBURG, (CAJ News) – THE De Beers Group of Companies is undeterred by a drop in diamond revenues during the second sale of the year. Sales during the period were US$545 million (provisional), down from $729 million the last sale. On a year-on-year basis, sales fell from $617 million. Bruce Cleaver, Chief […]

GoldFields shares surge after industry recovery

goldfields 1

By GIFT NDOLWANE JOHANNESBURG, (CAJ News) – GOLD Fields Limited advised shareholders earnings per share (EPS) for the twelve months ended December 31 2016 (FY 2016) are expected to be between 160 percent and 170 percent(US$0,49 to US$0,52) higher than the loss per share of US$0,31 reported the previous year. Headline earnings per share (HEPS) […]

Zimplats announces employee share ownership scheme

ZIMBABWE Platinum Mines (Zimplats)

From MARCUS MUSHONGA in Harare, Zimbabwe HARARE, (CAJ News) – ZIMBABWE Platinum Mines (Zimplats) has issued a 10 percent stake, valued at US$95 000, to its Employee Share Ownership Trust (ESOT). The ESOT’s beneficiaries are the permanent employees of the operating subsidiary. Executive directors and the company secretary are excluded. “The ESOT will be beneficial […]

CoAL happy with engagements in SA

David Brown, Chief Executive Officer CoAl

By GIFT NDOLWANE JOHANNESBURG, (CAJ News) – COAL of Africa Limited (CoAL) has received an Environmental Authorisation and the Environmental Impact Assessment Regulations from the South African Department of Mineral Resources for stream diversion and associated infrastructural activities. CoAL awaits the approval of an Integrated Water Use Licence (IWUL) from the Department of Water and […]

Copper dents Anglo American positive period

‘New’ Anglo American under creation

By TINTSWALO BALOYI JOHANNESBURG, (CAJ News) – ANGLO American has reported increased production for the fourth quarter of 2016. Only copper production took a knock. There were increases in nickel, iron ore, platinum and rough rough diamonds. Output of diamonds rose 10 percent to 7,8 million carats for the three months compared with the same […]

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