SA's mines dispute takes a twist

2016-04-29 21:30

The National Empowerment Fund wants to take part in a legal dispute over black ownership of mines - a move which could possibly further postpone the case.

One company. Three deals. So many questions.

2016-04-29 06:30

Optimum Coal has been sold three times in less than 10 years. It provides the prevailing South African story of some inexplicable deals involving politically connected individuals and companies.

Anglo to sell business units for $1.5bn

2016-04-28 19:30

Anglo American has agreed to sell its niobium and phosphate businesses to China Molybdenum for $1.5bn in cash in its first big disposal.

Zim unit boosts Implats third-quarter output

2016-04-26 10:57

Impala Platinum has posted a 17% rise in production in the quarter to the end of March, thanks to a 71% rise in output at its Zimbabwean unit Zimplats.

Sibanye maintains production forecast, lifts output

2016-04-25 11:06

Sibanye Gold has maintained its full-year forecasts after output rose and costs declined in the first quarter when compared with the same period in 2015.

Anglo shortlists Mosaic, Vale in $1.5bn Brazil sale

2016-04-22 12:01

Mosaic, and a group led by Vale SA are among suitors picked to make final bids for Anglo American’s niobium and phosphate business in Brazil.

SA locks onto coal despite water risks

2016-04-22 06:46

Demand and prices steadily slip, causing economic and political turbulence.

Anglo American finance director to retire

2016-04-20 19:51

Anglo American's finance director Rene Medori will retire in 2017 after holding the position for 12 years.

Randgold signs joint venture for gold project in Congo

2016-04-20 09:09

Randgold Resources has entered a joint venture in the Democratic Republic of Congo with a company controlled by Israeli billionaire Dan Gertler and a state miner.

Lonmin gets new chief financial officer

2016-04-19 12:49

Lonmin has appointmented of Barrie van der Merwe as new executive director of the company and chief financial officer as Simon Scott will step down in May.


Water risks strand projects worth billions

2016-04-29 20:03

Economists and financial analysts are identifying powerful signals of economic distress - this time in the energy, mining, power-producing and farm industries.

Ex-Xtrata exec loses £420 000 bonus suit

2016-04-28 19:45

Richard Elliston, the former company secretary of Xstrata, has lost his bonus fight against Glencore International.

Glencore sells first bonds since market turmoil

2016-04-27 17:21

Glencore has sold bonds for the first time since a rout in commodity markets forced it to trim debt and sell assets.

SA gold mines get stable outlook from S&P's

2016-04-25 19:40

Standard & Poor's has revised their outlook from negative to stable for miners AngloGold Ashanti and Gold Fields.

Mining empowerment bill shouldn't scare investors

2016-04-22 17:36

Mines Minister Mosebenzi Zwane says investors should not be spooked by a new draft law requiring companies to be at least 26% black-owned at all times.

Anglo shareholders revolt over executive pay

2016-04-22 11:42

Anglo American has survived a shareholder revolt on executive pay at the mining company’s annual general meeting.

Anglo's first quarter production falls at most units

2016-04-21 09:55

Anglo American's first-quarter production at most of its units has fallen, or remained flat, the firm put measures in place to cope with a slump in commodity prices.

State miner still eyes coal despite operating loss

2016-04-20 12:14

State-owned diamond mining company Alexkor says it has has not given up on plans to venture into coal mining, despite reporting a R95.8m operating loss.

Trapped KZN miners presumed dead, rescue called off

2016-04-19 16:00

The brief search for illegal miners trapped underground in a disused illegal mine in KwaZulu-Natal has been abandoned, squashing any hopes that they might still be alive.

Exxaro may cut up to 565 jobs: Solidarity

2016-04-19 09:24

Exxaro plans to cut up to office jobs as it tries to cut costs in the face of depressed prices and the loss of a major contract, says the Solidarity trade union.

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