Latest News & Developments
iron ore
Record gold prices sparkle for miners thanks to Trump tariffs, yet SA’s economy loses its Midas touch
Overnight, Gold miners, Sibanye Stillwater, AngloGold Ashanti, Gold Fields and Harmony Gold Mining Company advanced 6. 8%, 4. 1%, 3. 1% and 2. 9%, respectively, data from Anchor Capital showed.
Former Anglo American suiter, BHP, expects to benefit from Trump-induced global turmoil
BHP is set to benefit from market volatility with record copper and iron ore production, despite global tariff challenges.
South Africa grapples with declining mining and manufacturing outputs as economic challenges intensify
South Africa's economic challenges deepen as both mining and manufacturing sectors record significant declines in January 2025, with mining production falling 2. 7% and manufacturing dropping 3. 3% year-on-year. Infrastructure constraints and global trade tensions continue to impact the country's productive sectors.
Exxaro appoints Ben Magara as new CEO amid stagnant domestic coal demand
Exxaro Resources faces headwinds as domestic coal demand decreases, though export volumes show promise. With new CEO Ben Magara set to take over in April, the mining giant reports a 22% decrease in EBITDA despite a 5% revenue increase. Rail logistics improvements remain sluggish, affecting overall performance
Iron ore prices expected to decline amidst supply growth, weak Chinese demand - African Rainbow Minerals
African Rainbow Minerals executives predict a decline in iron ore prices due to supply growth and softening demand from China, while long-term prospects for platinum group metals remain optimistic
Exxaro Resources reports decline in headline earnings per share amid lower iron ore prices
Exxaro Resources anticipates a significant decline in headline earnings per share due to lower iron ore prices and increased operational costs, as the company faces leadership changes and market challenges.