January 1, 1970

South32 flags $1.7bn writedown, massive SA job cuts

Mining giant BHP Billiton’s South32 spin-off has announced $1.7bn in asset writedowns and says it will axe hundreds of jobs in South Africa. Source: News
January 1, 1970

Weak rand, firm gold price boost Harmony profits

Harmony Gold has posted an 84% increase in production profit to R1.29bn quarter on quarter, mainly due to a 7% rise in the gold price received. […]
January 1, 1970

Kumba sees FY profit down as supply glut persists

Kumba Iron Ore has said it expects full-year earnings to plunge as much as 67% as it battled to cope with slumping prices of the steel-making […]
January 1, 1970

Zimplats to go ahead with $447m expansion project

Zimplats says it is going ahead with its Zimbabwe based projects despite continued threats on a portion of its mining lease area. Source: News