Draft charter to figure in Zwane meeting on April 26
SOUTH Africa's Chamber of Mines (CoM) will meet with mines minister, Mosebenzi Zwane on April 26 (tomorrow) in which the draft of a new...
Anglo restructure value neutral as sacrifices $2bn in earnings
THE first quarter of 2016 is now over and the signs are that Anglo American is moving with greater urgency in respect of plans...
South32 sheds its debt and slashes costs
South32 exceeded expectations in the quarter to end-March, which it ended in a cash positive position.
Graham Kerr, South32’s CEO, said the strong balance...
Anglo American production meets targets, share price drops
Anglo American’s first quarter production figures, which reflected its restructuring and were in line with previous guidance, did not sit well with investors, and...
Markets not fazed as BHP Billiton cuts its iron ore target
Investors reacted positively to BHP Billiton’s third quarter update despite mixed results and a cut in its iron ore production target - the second...
Mining Charter: DMR says it ‘anticipated’ industry’s reaction
Government has a responsibility to legislate and that was the intention with which the Department of Mineral Resources (DMR) released a new draft Mining...
Draft charter is “economic suicide” for SA
MINING minister, Mosebenzi Zwane, has caused significant damage to South Africa’s economy with the release of a new draft Mining Charter, said a senior...
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...