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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...

Manuel says DMR must “clean up act” as Cape project wins...

FORMER finance minister, Trevor Manuel, has demanded the Department of Mineral Resources (DMR) "clean up its act" referring specifically to the controversial granting of...

Eskom gives short shrift to Exxaro’s Arnot proposal

Eskom has rejected an offer from Exxaro Resources to restructure coal mining at Arnot in South Africa's Mpumalanga province saying it would not make...

Glencore savaged as shorts prey on debt fears

Glencore led the way in a dire day's trade for mining stocks with fears about the cost of servicing debt high on the agenda of investors and speculators.

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...

Nkosi asks whether SA miners “acted honestly” in BEE deals

FORMER CEO of Exxaro Resources, Sipho Nkosi, has questioned whether the South African mining industry has "acted honestly" in its efforts to implement black...

SA mining charter talks “flawed” and “limited”: Chamber of Mines

DISCUSSIONS regarding a fresh version of South Africa's mining charter were "flawed" and failed to absorb industry concerns, said Roger Baxter, CEO of the...

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...

Junior mining in South Africa..? Think again.

SPARE a thought for the junior mining companies. If it’s hard for large mining firms to attract investment and raise capital, then you can...

Exxaro weighs options for Kumba, Tronox as debt leaps

EXXARO Resources is weighing its continued investment in its iron ore and mineral sands investments following another challenging financial year ended December 31 in...