David McKay
Owner of Miningmx
Articles
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1 week ago |
miningmx.com | David McKay
GEMFIELDS will commission a second processing plant at its ruby mine Montepuez in Mozambique in September, the company said on Friday. Shares in the company gained 17% in early Johannesburg trade. The company has endured a difficult year on several fronts. On a 12-month basis, shares in Gemfields are about 52% weaker, and 15% lower year-to-date.
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1 week ago |
miningmx.com | David McKay
KUMBA Iron Ore said its CFO of eight years Bothwell Mazarura is to step down from end-December after serving a six month notice period. He will be replaced by Xolani Mbambo, currently CEO of Grindrod Ltd, a logistics and shipping company. Mbambo is a chartered accountant with over 20 years of experience in mining, logistics, and finance. He was previously employed at Anglo.
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1 week ago |
miningmx.com | David McKay
TAKEOVER discussions between Kenmare Resources and a consortium that included its former managing director ended in failure, the parties said on Thursday. “Following a comprehensive due diligence process and after accounting for its findings, the Consortium was unable to reach alignment with Kenmare on its updated valuation and as a result the Consortium has ceased engagement,” said Oryx Global Partners.
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1 week ago |
businesslive.co.za | David McKay
After several months of positively trending prices, platinum has staged a full-throated rally, gaining 20% in just more than a week and taking sister metal palladium with it. All told, platinum is 43% stronger this year — a development that turns on three factors. First, metal reserves are in decline and there is little prospect of sustained supply in the long term. Second, balance sheets are eroding faster than expected. This means production is vulnerable to cutbacks.
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1 week ago |
miningmx.com | David McKay
ANGLO American said its regional director for Australia and Africa, Themba Mkhwanazi would leave the company following the disposal of group assets in the past 12 months. Mkwanazi’s duties would be consolidated under Anglo’s chief operating officer, Ruben Fernandes, Anglo said on Wednesday in an announcement to the Johannesburg Stock Exchange.
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