David McKay

Johannesburg

Owner and Publisher at Miningmx

Writer and Editor at Freelance

Owner of Miningmx

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Articles

Jubilee to ease pressure with $90m sale of SA business

2 days ago | miningmx.com | David McKay

JUBILEE Metals has accepted a $90m (R1.6bn) binding offer for its platinum group metal and chrome tailings assets in South Africa. Commenting on the planned sale on Thursday, Jubilee CEO Leon Coetzee said the transaction would enable to focus on its Zambia copper assets. The firm’s South African PGM and chrome business was largely ex-growth without new major investment – outlay Jubilee was unlikely to be able to afford amid pressure on its balance sheet.
Abu Dhabi's IRH to buy Alphamin control for C$503m

3 days ago | miningmx.com | David McKay

INTERNATIONAL Resources Holding (IRH), a subsidiary of UAE’s International Holding Company, said it had agreed to buy a controlling 56% stake in Canadian-listed tin producer Alphamin Resources for C$503m ($367m). The acquisition sees IRH purchasing the majority stake from Tremont Master Holdings at C$0.70 per share. Alphamin said it was evaluating the impact of the announcemnet, if any. Alphamin owns the Bisie tin mine located in the Democratic Republic of Congo’s mineral-rich eastern region.
Flush Harmony Gold polishes copper assets

3 days ago | businesslive.co.za | David McKay

After years of being a burden on the taxpayer, the national airline goes smaller but better, with plans for sustained profitability
Shuka unfazed by legal storm over copper target Kabwe

3 days ago | miningmx.com | David McKay

COAL miner Shuka Minerals debuted on the JSE’s AltX last month. Surprisingly, it is the first minerals and mining listing in South Africa since Copper 360 made its entrance more than two years ago.
Shuka unfazed by legal storm over copper target Kabwe

3 days ago | miningmx.com | David McKay

COAL miner Shuka Minerals debuted on the JSE’s AltX last month. Surprisingly, it is the first minerals and mining listing in South Africa since Copper 360 made its entrance more than two years ago.
Wesizwe suspended from JSE amid signs of debt crisis

4 days ago | miningmx.com | David McKay

TRADING in Wesizwe Platinum shares was suspended by the Johannesburg Stock Exchange today as the firm’s funding crisis appeared to deepen. Wesizwe said the suspension of its listing was owing to “an ability of the company to publish its audited annual financial statements” for the year ended December. Wesizwe said it was “working diligently” to publishing the numbers, as well as its annual and sustainability reports and notice of its annual general meeting by July 31.
Wesizwe suspended from JSE amid signs of debt crisis

4 days ago | miningmx.com | David McKay

TRADING in Wesizwe Platinum shares was suspended by the Johannesburg Stock Exchange today as the firm’s funding crisis appeared to deepen. Wesizwe said the suspension of its listing was owing to “an ability of the company to publish its audited annual financial statements” for the year ended December. Wesizwe said it was “working diligently” to publishing the numbers, as well as its annual and sustainability reports and notice of its annual general meeting by July 31.
Former Harmony campaigner is Copper 360's last chance

5 days ago | miningmx.com | David McKay

THE scale of former Harmony Gold CEO Graham Briggs’s job at Copper 360 will become apparent when the junior miner publishes its year-end numbers (to February 28). A trading statement last week made for ominous reading, however. The Northern Cape copper miner warned shareholders losses would be more than 100% worse than last year. That is a significant number because Copper 360 reported a R129m operating loss for the 12 months ended February 2024.
AngloGold sells Brazil mine Serra Grande for $76m

5 days ago | miningmx.com | David McKay

ANGLOGOLD Ashanti said on Monday it had agreed the sale of its Brazil mine Mineração Serra Grande (MSG) which will be acquired by Aura Minerals for $76m. Aura Minerals is a Toronto-listed mid-tier gold and copper miner focused on operations in South America, three of which are in Brazil. The writing was on the wall for MSG which, with production of 80,000 ounces of gold last year, is one of AngloGold’s smallest producers, and its highest cost.
AngloGold sells Brazil mine Serra Grande for $76m

5 days ago | miningmx.com | David McKay

ANGLOGOLD Ashanti said on Monday it had agreed the sale of its Brazil mine Mineração Serra Grande (MSG) which will be acquired by Aura Minerals for $76m. Aura Minerals is a Toronto-listed mid-tier gold and copper miner focused on operations in South America, three of which are in Brazil. The writing was on the wall for MSG which, with production of 80,000 ounces of gold last year, is one of AngloGold’s smallest producers, and among its highest cost.