ARM leans on PGMs as coal, iron ore disappoint
AFRICAN Rainbow Minerals (ARM) benefited from a sharp recovery in its platinum business in its 2026 financial year, helping offset a swing into losses at coal and a steep decline…
Diamonds to stay in Anglo Teck until anti-trust approval
IT was goodbye. As chair Stuart Chambers opened the interim results presentation recently for Anglo American, which is due to merge with Canada’s Teck Resources, he said: “I have…
Thungela ready to tap extra rail capacity with third-party coal
Thungela Resources could use further improvements in Transnet Freight Rail (TFR) capacity to move more third-party coal to Richards Bay, as its South African mines are already…
Exxaro flags up to 23% earnings fall on lower Sishen, BMM income
EXXARO Resources expects first-half earnings to fall by as much as 23% after lower contributions from its investments in Sishen Iron Ore Company (SIOC) and Black Mountain Mining…
Thungela ices M&A to focus on “market confidence”
THUNGELA Resources has taken its foot off the diversification pedal telling analysts and investors last week that it was focusing on improving operational performance. “Our main…
Thungela’s Ensham misses out on coal export price boost
THUNGELA Resources has some serious catch up to do if it’s to meet year end export coal production guidance from its South African division. The R13.4bn miner reported 6.2…
Exxaro export coal prices surge amid Middle East conflict
EXPORT thermal coal markets improved in the first half of 2026, said Exxaro Resources, with the Johannesburg miner saying prices increased to as much as $124/t – a 35% lift –…
Coal demand surges as Middle East conflict disrupts gas
GLOBAL coal imports are on course for their third-highest monthly total on record this May as the Middle East conflict forces Asia and Europe to switch from oil and gas supplies…
Exxaro Resources is breaking from its iron shackles
THERE has always been a tight correlation between the share prices of Exxaro and Kumba Iron Ore. That’s because Exxaro’s 20% stake in Kumba subsidiary Sishen Iron Ore Company…
China’s KDG completes takeover of JSE’s MC Mining
THE Hong Kong listed Kinetic Development Group (KDG) has completed the takeover of ASX and JSE listed coal producer MC Mining in which it now holds a 51% stake following…
Asia turns back to coal as Iran war bites
ASIAN economies are ramping up coal consumption and production as the US-Israel war against Iran threatens prolonged disruption to Middle East oil and gas flows, raising fears of…
There’s more to Exxaro price surge than energy security
SHARES in Exxaro Resources ran to a three year high this week and were not far short of their five-year high, reached in 2022. That was shortly after Russia’s invasion of…
Farewell but not goodbye to ‘GlenTinto’, analysts say
THE failure of Rio Tinto and Glencore to agree on a proposed $240bn merger in February was, as one prominent bank described it, met with a “sigh of disappointment”. “Too bad.…
Thungela mulls expansion into other bulk commodities
THUNGELA Resources could seek assets in other bulk mining products, said CEO Moses Madondo who added that a board decision will be made in June. “We’re working through the…
Thungela slides into full year loss after R8.8bn asset impairment
A HEFTY decline in coal export prices hit Thungela Resources hard in the 12 months ended December 31 resulting in an R8.8bn asset impairment. The impact of this was in evidence…
Exxaro says coal contract talks may be “strained” by oil crisis
COAL contract negotiations could become “more strained” owing to energy security concerns even as the same worry is forcing buyers to seek longer contracts, said Exxaro Resources…
Exxaro boosts payout as Iran crisis drives coal higher
EXXARO Resources declared a R10 per share (R3.4bn) final dividend today following robust headline profits for the year ended December. The payout, 15% higher than last year, was…
Thungela expects full-year loss on coal weakness
THUNGELA Resources has warned it expects to report a loss for the year to end-December 2025, blaming weaker coal markets and adverse currency movements for a sharp deterioration…
Patrice Motsepe steps down as executive chair of ARM
PATRICE Motsepe has relinquished executive duties on the board of African Rainbow Minerals (ARM), the R46bn diversified mining group he helped found in 2002. Citing compliance…
Why SA rebranded thermal coal a critical mineral
IS coal a critical mineral? The question has risen to prominence since South Africa designated coal as a “highly critical” mineral in its Critical Minerals Strategy released last…