Sasol got plenty of attention on Tuesday, 28 August, by announcing a return to dividends. An increase in the average rand oil price per barrel of 68% did wonders for the earnings and the balance sheet, enabling a R14.70 dividend to be declared. Net debt to earnings before interest, taxes, depreciation and amortisation is just 0.8x, so the turnaround at Sasol continues.
South32 deserves a mention for its year of record earnings and cash flow. Headline earnings per share was more than six times higher for the year ended June 2022 than the prior year, a remarkable performance driven by a 69% increase in revenue from continuing operations and Ebitda margin expansion from 26.4% to 47.1%. There has been extensive corporate activity this year, including acquisitions in copper, aluminium and bauxite.
Sibanye-Stillwater results show financial damage inflicted by a protracted labour strike. Gold production fell by 65% on the previous six months at a time when the average gold price was 7.3% higher, so the company couldn’t take advantage. Combine that with flooding in US platinum operations and a drop in headline earnings was inevitable.
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Women in mining are breaking new ground in a male-dominated industry - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.Women no longer play the minor roles they once did in the mining industry, instead, they now hold positions of authority and knowledge in this traditionally male-dominated industry. Oh wow! How much do they get paid as opposed to amadoda? 🤔 I was able to get my withdrawals successfully direct inside my Luno wallet while investing with Dannyramirezk considered the incredibility of the platform to pay you login to this wonderful platform register and start your life changing investments R10 000. Earn Me R210 000.
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Women in mining call for equal opportunities - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.Some women who are involved in mining in the North West say while they currently occupy high positions in the sector, there continues to be hurdles that must be removed. Tebogo Mosito, a Human Resource Consultant, quit her regular job to venture into business in the mining sector. 42-year-old Mosito says her female-owned steel engineering …
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