The SAIMM is a professional institute with local and international links aimed at assisting members source information about technological developments in the mining, metallurgical and related sectors.
Small-cap miners are expected to outperform their large-cap counterparts in the coming years in terms of financial health, as well as share prices, as most commodity prices improve over the coming years to 2020, new analysis from BMI Research shows.
According to the firm’s newly published outlook for mining stocks, small-cap miners typically include companies with market capitalisation of less than $10-billion and generally those in the early stages of business. They are presumed to have significant growth potential, but are not as financially strong or as established as larger companies.
Eskom CEO Brian Molefe has strongly rejected allegations that he undermined and blocked a review by National Treasury into the utility's coal contracts with Gupta-linked company Tegeta Exploration and Resources. “I am captured by the Constitution, not by the Guptas,” said Molefe, fielding questions from members of Parliament about the alleged breakdown between National Treasury, Eskom and the Public Enterprises Ministry.
A Richards Bay mining boss has been gunned down in an apparent hit, KwaZulu-Natal police said on Wednesday. Richards Bay Minerals HR manager Ronny Nzimande was shot while sitting in his car outside his house on Tuesday night, Captain Nqobile Gwala said.