SOUTH African petrochemicals group, Sasol, is to keep its coal mining business, said Reuters citing its CEO, Fleetwood Grobler. “There was some speculation about the future of our mining business, but I want to clarify mining is a key driver to the integrated coal to liquid value chain and we intend to keep it,” Grobler… Read More

RIO Tinto is the latest major mining company to flag the potentially disruptive impact of COVID-19 saying at its annual results announcement that the outbreak could “create significant uncertainty” in the short-term, according to a report by Bloomberg News. Rio Tinto, which earns about half of its revenue from China, said all “… operations are… Read More

GOLDEN Star has extended its hedging programme adding 12,600 ounces to its existing forward sales plan in order to protect revenue for its Ghana mine, Prestea. The company now has gold price protection in place for 45,933 oz at an average floor price of $1,427/oz and an average ceiling price of $1,816/oz. The initial period… Read More