Afrox breathes easy on SA medical gases supply contract

Posted on Leading gases supplier Afrox posted a 7% increase in headline earnings per share to 111.3 cents and declared a cash dividend of 55c per share (2018: 52 cents) for the six months ended 30 June 2019, mainly due to an increase in its healthcare business. Additional healthcare business – from a contract awarded in… Read More

Sibanye-Stillwater to unveil Lonmin restructuring in a month as shafts “not contributing”

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SIBANYE-Stillwater would unveil restructuring plans for Lonmin in about a month as there were certain of the former firm’s older shafts that “weren’t contributing to the bottom line”, said Neal Froneman, CEO of the Johannesburg-listed group. Froneman was responding to questions following presentation of the firm’s interim results in which it posted a loss largely… Read More

Mining leaders say industry is facing “existential threat” as investment dollars shun risk

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In its annual survey, Mine, consultant PwC said the world’s mining industry had to think more seriously about ‘brand’ especially in respect of ‘contemporary issues’, by which it means environment, sustainability and governance, otherwise known as ‘ESG’. Fact is, failing to address ESG properly is a bad financial decision, writes DAVID MCKAY. Iwould rather report… Read More