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Sibanye-Stillwater lowers valuation for miner Lonmin

South Africa’s Sibanye-Stillwater on Thursday revised its offer for Lonmin, with new terms that gave a valuation for the struggling platinum miner that was about 60 million pounds ($77 million) less than originally proposed. Lonmin said Sibanye was...

Sibanye-Stillwater and AMCU conclude gold strike

Trade union AMCU has ended its five-month long strike after reaching an agreement with Sibanye-Stillwater. This comes following a meeting between the union and the mining company. At a joint briefing yesterday, Head of Investor Relations at Sibanye...

The Okavango Blue of Botswana

A story spanning 3 billion years. Botswana’s finest natural treasure, radiant with the light at the start of everything and resplendent in the very essence of time itself. Some unfathomable, eternal something. This is the Okavango Blue of Botswana...

Sibanye raises another R1.75bn in gold prepayment deal

Sibanye-Stillwater has announced on Thursday that it has entered into a forward gold sale arrangement with Citibank, receiving a cash prepayment of US$125m (some R1.75bn at current exchange rates) for the future delivery of 105 906 ounces of gold...

Smart service and fuel efficiency solutions

Babcock’s equipment business has been delivering, distributing and supporting an extensive range of Volvo Construction Equipment in Southern Africa for close to two decades. By Mpinane Senkhane The Volvo CE range of heavy duty machinery is...

Today’s shift, tomorrow’s strategy

Targeting best practices to improve fleet uptime and productivity, Kal Tire is launching TOMS – a proprietary Tyre Operations Management System with a backbone of predictive maintenance and efficiency that delivers a new standard in performance....