The MiningWrap BriefNo. 38
ARM's iron ore earnings halve as Assmang absorbs Beeshoek closure costs
The week in African mining — 3 September 2026.
1Iron OreARM's iron ore earnings halve as Assmang absorbs Beeshoek closure costsAfrican Rainbow Minerals' iron ore division booked a 41% drop in headline earnings for the year to June 2026, hit by weak prices and the cost of shutting Beeshoek, even as group profit recovered to nearly R4bn.
2PGMWaterberg PGM project shifts to phased, gold-weighted plan as partners grow more upbeatPlatinum Group Metals Ltd is studying a staged development of the Waterberg JV in Limpopo, with a feasibility study due by November. Implats, which holds just under 15%, says the new thinking is more appealing.
3MarketsJSE reclaims 116,000 as gold and platinum miners surge 38% and 21.6% in AugustThe FTSE/JSE All Share Index closed at 116,687.82 on 3 September 2026 as gold mining equities surged about 38% and PGM producers gained 21.6% during August.
4CopperSFO settles decade-long fraud probe suit tied to Congo mining bribesThe UK's Serious Fraud Office settled a lawsuit over its investigation into ENRC, the predecessor of Eurasian Resources Group, tied to bribery allegations in DRC mining contracts.
5UraniumMantra to restart Mkuju River uranium construction in OctoberMantra Tanzania says it will resume construction of the main Mkuju River uranium plant in October 2026, after Tanzania's minerals minister set a 2029 target for first production.
Where prices closed
Gold $4,491.70/oz · Platinum $1,828.40/oz · Copper $14,500/t