Congo plans 35% mines grab
The Democratic Republic of Congo is to consider proposals that would see a radical
change in its mining code as it seeks to lift the mining industry’s contribution to the
country’s economy to 25% by 2016.
BHP Billiton to raise coking coal output by 50%
BHP Billiton expects its coking coal production capacity to reach 66 million
tonnes a year in 2014, up 50% from 2012, reports news wire service Reuters.
Lonmin seeks $800m in rights issue
UPDATED: Lonmin has proposed a rights issue of $800m, likely to take
place
before the end of the year, as part of a strategy to refinance its balance
sheet.
Battle weary Lonmin slashes capex further
Lonmin has reined in capital expenditure for the next two years by another
23% as the company seeks to map its way forward following the events at
Marikana.
Shabangu wants a South African to lead Anglo
Mineral Resources Minister Susan Shabangu says she hopes a South African will be
appointed as successor to Cynthia Carroll at the reins of Anglo American.
SA shareholders paved way for Carroll’s exit
Anglo American’s biggest shareholders in South Africa have met with Cynthia
Carroll two weeks ago to explain their objections to her management decisions.
Anglo’s Cynthia Carroll quits
Cynthia Carroll, CEO of Anglo American since 2007, is to leave the organisation
once
a successor has been recruited, the group has said.
Anglo seeks new CEO as Carroll goes
Anglo American chairman John Parker will start a process to recruit a successor for
CEO Cynthina Carroll.
Genorah to keep Nkwe stake
Nkwe Platinum says the equity stake of its major shareholder, Genorah Resources, is
safe following the lapse of a security lending agreement.
Talks on platinum forum lose momentum
Negotiatons on the establishment of a central bargaining platform for the platinum
sector is losing momentum, says a union official, while Amcu refuses to return to
talks.