Kenmare completes rehabilitation with resumption of dividends, capex drive
KENMARE Mining completed its rehabilitation today after avoiding bankruptcy in 2016 announcing plans to resume the dividend - starting with an interim payout in...
Exxaro’s De Klerk to take up ArcelorMittal SA post
WIM de Klerk, described last week by former Exxaro CEO, Sipho Nkosi, as one of South Africa's best financial directors, has been appointed CEO...
Mozambique titanium miner Kenmare considering $30m share buy-back
KENMARE Resources, which produces titanium minerals at the Moma mine in Mozambique, said it was considering a $30m share buy-back programme.
It made the announcement...
Anglo places freeze on new job hires
ANGLO American has suspended hiring globally as it gets plans under way to simplify itself, according to a report by Reuters.
Published in BusinessLive, the...
Davis leads line as private equity mulls mining
Mick Davis' new business - X2 - is one of several private equity ventures hoping to buy unloved assets in the much-battered mining sector.
Xstrata’s Davis may start mining fund
Mick Davis may join forces with his CFO at Xstrata in establishing a mining fund buying assets deemed non-core to the diversified mining houses, it was reported.
Gemfields’ bold re-invention put on hold as subsistence replaces indulgence
IT’S not often retail investors speak out at the presentations of companies in which they’re shareholders. But that’s what happened earlier this month to...
Rio Tinto dividend surprise masks aluminium hit
Rio Tinto has reported a 6% drop in underlying second-half profits and took a $9.3bn charge mainly against its aluminium business, but appeased investors with a huge dividend hike.
Xstrata posts flat copper, coal production
Xstrata has posted a 6% increase in copper output during the second quarter, as volumes in Chile and from its Australian operations helped offset lower grades.
Sibanye-Stillwater to retire $400m in debt following streaming deal
SIBANYE-Stillwater wasted little time putting the $500m received in July from its streaming deal to good use with the company today announcing it would...