Shock new charter may outflank industry bid for legal clarity
LAWYERS have expressed concern over a new draft version of the Mining Charter that was published this afternoon and deduced that the unexpected move...
Anglo asset sales readying group for a takeover, says analyst
THE much-vaunted restructuring of Anglo American was preparation for the company’s takeover, said Paul Gait, an analyst for Bernstein.
"No longer does this feel simply...
Glencore $2.5bn agribusiness deal cautiously welcomed
SHARES in Glencore trended down today reflecting the mixed response - though generally positive - among analysts to the Swiss group's announcement that it...
Anglo to sell stake in Foxleigh metallurgical coal mine
ANGLO American's restructuring programme took another small step forward today after it announced it had agreed to sell its 70% interest in the Foxleigh...
Master Drilling targeting high risk, high reward projects
DIVERSIFICATION and a policy of going for 'high risk, high reward'projects are the two key strategies underlying Master Drilling’s business approach according to CEO...
Exxaro’s Mgojo starts tenure with strategy on his mind
THE surprise departure of Wim de Klerk, financial director of Exxaro Resources, comes at a difficult time for Mxolisi Mgojo who will only have...
Anglo springs $1.8bn in bond buy-back to ease net debt
ANGLO American said it had bought back $1.8bn in bonds which would reduce net debt by $130m and save it $190m over three years...
Centamin pays $33m dividend, targets 470,000 oz in 2016
EGYPTIAN gold miner Centamin reported a heavy fall in its 205 profit but paid just over $33m in dividends - $2.94 per share in...
Mining charter court bids may be consolidated, say attorneys
SOUTH Africa's mining industry believes taking disagreements about the interpretation of the mining charter to the court is the best means to solving an...
Anglo running the rule over remaining fleet of aircraft
COMPANY jets are something of anathema in today’s financially straitened times, especially in the global mining sector where thousands of jobs have been lost.
It’s...