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China pull-back poses threat to “frontier mining’

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But for how long? According to Deloitte, China’s insatiable need to urbanise, fill tummies and provide housing means economic growth shrinkage is but a passing phenomenon.

Firestone concludes A$40.7m finance deal

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The A$40.7m convertible note finance deal introduces a new major shareholder into Firestone Energy, and finances its Waterberg Coal Project to completion of a bankable feasibility study.

Amsa sets out fresh Kumba iron ore dispute

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Nonkululeko Nyembezi-Heita said the Phoenix project was part of Thabazimbi, a mine from which it has a supply agreement.

Zim’s Tsvangirai pleads for Australian investment

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Zimbabwe Prime Minister Morgan Tsvangirai has asked Australia to invest in his country’s mining sector and ease sanctions on the country.

Anglo to buy $555m stake in Mozambique coal

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Anglo American is to join rivals Rio Tinto and Vale in Mozambique’s coking coal industry in a deal valued at $555m for the 1.4Bt Revuboe project.

Kumba to extract 24-month payback on Kolomela

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Kolomela, the nine million tonne/year iron ore mine which is perhaps Kumba Iron Ore CEO Chris Griffith's finest achievement, will provide payback in two years owing to its early commissioning.

Ominous for Aquarius as axe is sharpened

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Troubles mount for Aquarius Platinum amid a cash negative performance from its Kroondal mine; an operation it shares with Amplats.

Amplats, the first of torrid reporting season

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Amplats is the first of several South African platinum miners that will post torrid results, resulting from an oversupply of the metal which is depressing its dollar price.

DiamondCorp loan approved for Free State mine

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DiamondCorp said it hoped to strengthen funding for its Lace mine development following inquiries for offtake from diamond buyers.

Amplats slashes capex, lowers 2012 output

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In an effort to preserve its balance sheet in these difficult times, Amplats has slashed capex R700m amid signs its group review is intensifying.