ARM buys R650m in shares to refinance BEE
African Rainbow Minerals will use precious cash to protect the financial position of its empowerment partner, ARM BBEE.
Moody’s lowers Anglo credit to junk status
The credit rating agency also said Anglo would struggle to lower net debt through disposals.
Zuma fails to bring certainty to mining regulation
In his State of the Nation Address, SA president Jacob Zuma failed to bring more certainty to the passage of mining legislation than his mines minister.
South32 writes down $1.7bn, cuts manganese
The group also announced it would write down its South African energy coal book for $400m and that it would cut 620 jobs at its Northern Cape manganese mine.
Eskom tariff hike will cost 40,000 jobs: CoM
Another 8% hike in the tariff power would have a massive effect on jobs in the platinum and gold industry and merely rewarded Eskom for under-performance.
Weak rand to add billions to miner revenues
The slide in the rand will add billions of rands to the revenues of some of South Africa's mining firms with analysts marking the currency for further weakness.
SA mining reports lowest fatalities ever in 2015
The South African mining industry said there had been 77 fatalities among its ranks in 2015 - the best safety record since the dawn of the industry.
Oppenheimer exit looks like genius in mining slump
The sale by the Oppenheimer family of their 40% stake in De Beers in 2011 looks like a stroke of genius given how far mining shares have since sunk.
South32 delivers $81m cut in net debt
South32 cut net debt and said that a review of its manganese ore operations in South Africa was nearing completion.
Callide sale small strategic victory for Anglo
Yet analysts continue to be critical of the UK group saying its $2bn asset sale plan should be doubled in order to lasso net debt.