ARM ponders copper, platinum cuts; investment in Kumba
AFRICAN Rainbow Minerals (ARM) intends carrying out further cutbacks and workforce reductions on its copper and platinum operations as depressed commodity prices dropped 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...
Guessing the time as world’s mining clock ticks on
THERE have been many ways of quantifying the damage inflicted by over-supply and falling demand in the commodity sector over the past three years,...
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...
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...
Zwane concedes SA mining needs foreign firms in MPRDA debate
SOUTH African mines minister, Mosebenzi Zwane, said legislation and black economic empowerment (BEE) credentials shouldn’t frighten investors and he guaranteed that the government won’t...
Glencore may consider buying Anglo Cerrejon stake
GLENCORE said it would consider buying Anglo American's stake in Colombian coal business - Cerrejon - despite embarking on its own $5bn asset disposal...
Did Cutifani’s comeback go far enough?
Anglo American CEO, Mark Cutifani, stormed back last month unveiling an amped up restructuring plan ... But does it hit the spot, especially in the current market?
Kerr’s South32 to join hunt for new assets
South32 has joined other mining companies in looking for acquisitions and would consider speciality metals such as lithium and graphite.
South32 amps up $350m cost out programme
South32 would more aggressively cut costs achieving $300m in reductions by the close of its 2016 financial year.