Anglo springs $1.8bn in bond buy-back to ease net debt
ANGLO American said it had bought back $1.8bn in bonds which would reduce net debt by $130m and save it $190m over three years...
Centamin pays $33m dividend, targets 470,000 oz in 2016
EGYPTIAN gold miner Centamin reported a heavy fall in its 205 profit but paid just over $33m in dividends - $2.94 per share in...
Mining charter court bids may be consolidated, say attorneys
SOUTH Africa's mining industry believes taking disagreements about the interpretation of the mining charter to the court is the best means to solving an...
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...
CoM rails against ‘undue pressure’ as state capture uproar grows
SOUTH Africa's Chamber of Mines (CoM) joined business and civil organisations, as well as parliamentarians, in condemning allegations the Gupta brothers - Atul, Rajesh...
High Court to mull Scholes’ plan to nuke mining charter
MEDIATION between South Africa's Department of Mineral Resources (DMR) and the country's Chamber of Mines (CoM) may be the quickest route to settling differences...
Glasenberg detects flickers in market after chastening year
IVAN Glasenberg, CEO of Glencore, made the interesting admission in question time following the group’s full-year results presentation that perhaps the Swiss-based group was...
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,...