William Clowes

A major SA PGM producer has made an unsolicited approach, prompting Northam to launch a competitive process to consider potential transactions.

Mota-Engil SGPS SA is set to sign a 30-year concession with the Democratic Republic of Congo to operate a key copper and cobalt railway, potentially backed with up to $1 billion of US financing.

Harmony Gold Mining Co.’s profit for the year through June doubled as the biggest producer of South African gold benefitted from booming prices for the precious metal.

Net income rose to R29.3bn, up from R14.4bn a year earlier. By William Clowes, Bloomberg ·

Valterra Platinum Ltd. made an informal approach to rival South African miner Northam Platinum Holdings Ltd., people familiar with the matter said, exploring a potential deal that could create by far the world’s largest supplier of the precious metal.

Exploring a potential deal that could create by far the world's largest supplier of the precious metal.

Valterra Platinum Ltd. made an informal approach to rival South African miner Northam Platinum Holdings Ltd., people familiar with the matter said, exploring a potential deal that could create by far the world’s largest supplier of the precious metal.

Impala Platinum Holdings Ltd. announced a bulked-up dividend after profit in the last fiscal year soared more than 40-fold on a recovery in metal prices.

Headline earnings jumped more than 30-fold to R22.9bn as stronger platinum-group metal prices transformed cash generation and shareholder returns.

Cobalt’s spectacular rally is reversing as the Democratic Republic of Congo’s exports of the battery metal pick up under a strict new regime, testing the top producer’s efforts to control prices.