Glencore commodity price spike could jump deal machine

2015-03-25 14:38

Just two weeks before Glencore can make a new approach for Rio Tinto, the rival that rejected it last summer, it seems unlikely to strike again or charm investors with any other major move soon.

Disappointment at Aurora court turnout

2015-03-23 18:18

“Disappointed and demoralised” mineworkers have filed away from the high court in Pretoria after the first day of the R1.5bn case against Aurora Empowerment Systems.

Investors used Aurora as their cash cow

2015-03-22 18:39

While mine workers and suppliers went without pay, some investors made a killing by providing short-term loans to the company even though it was insolvent.

Amcu to discuss asset sale with Amplats CEO

2015-03-19 20:22

Amcu says it will meet Anglo American Platinum's CEO to discuss the sale of the firm's Rustenburg assets where the union led a record five-month wage strike last year.

Cees Bruggemans on the state of SA’s economy

2015-03-19 10:49

Independent economist Cees Bruggemans assesses the state of South Africa’s economy in light of the most recent figures coming from quarter four in 2014.

BHP to spin off South32 with modest debt

2015-03-18 18:58

BHP Billiton says a proposed $13bn spinoff of South32 would give the miner a strong chance to ride out tough conditions in commodity markets.

Ramatlhodi: Miners should sell assets to local firms

2015-03-17 08:40

Anglo American and other firms looking to sell mining assets in SA should sell to companies owned by local communities, says Mining Minister Ngoako Ramatlhodi.

ARM earnings more than halve on weak prices

2015-03-16 14:16

Mining group African Rainbow Minerals says its earnings have fallen by more than 50% due to lower prices for commodities such as iron ore and platinum.

Weak rand a double-edged sword for miners in SA

2015-03-13 09:18

The sliding rand is a double-edged sword for mining companies in SA, with cost inflation and potential labour unrest outweighing domestic currency weakness gains.

Showdown looms ahead of union wage talks

2015-03-11 10:29

SA's two biggest mining unions are readying to submit their wage demands to the coal and gold sectors in the coming weeks, setting the stage for a showdown.


Judgment reserved in Aurora case

2015-03-24 20:05

Judgment in the Aurora debacle has been reserved, as Judge Eberhard Bertelsmann questioned how Aurora intended running mining companies when it did not have enough money.

Northam workers picket at Zondereinde mine

2015-03-23 08:47

Northam Platinum says a group of mineworkers are protesting outside its flagship Zondereinde mine but denies media reports that it has shut operations there.

Zim miner in pen for diamonds

2015-03-20 21:01

An employee at one of Zimbabwe's biggest mining firms allegedly tried to smuggle 10 diamonds out of the plant in a ballpoint pen.

Manganese production to triple by 2019 - Transnet CEO

2015-03-19 19:26

The chief executive of Transnet says that the company expected national manganese production to triple by 2019.

Zim's Hwange, Glencore sign 6-month deal

2015-03-18 19:23

Zimbabwe coal producer Hwange Colliery says the firm has signed an agreement to sell coke and coke products to global miner Glencore on a six-month trial period.

Gem Diamonds' underlying core profit rises on sales

2015-03-17 17:15

Diamond miner Gem Diamonds says its underlying core earnings for the year arose 34.6% as it sold more diamonds at higher prices.

ARM may cut jobs over weak metal prices

2015-03-16 17:33

African Rainbow Minerals, which was founded and now chaired by billionaire Patrice Motsepe, says it could cut jobs after weak metal prices ate into earnings.

Glencore must prioritise workers - NUM

2015-03-14 18:00

The National Union of Mineworkers has urged mining company Glencore to prioritise the needs of its employees and reconsider closing its Optimum operations.

Harmony finds copper-gold deposits in PNG project

2015-03-12 13:41

Harmony Gold says it has discovered gold and copper deposits at its Kili Teke exploration site in Papua New Guinea, which could be similar to its other resources in the Pacific Island nation.

Lonmin restarts furnace after repairs

2015-03-11 08:29

Platinum producer Lonmin says it has completed repairs and restarted operations at one of its furnaces, and has ramped up output at its second furnace within schedule.

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