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...
Anglo to sell stake in Foxleigh metallurgical coal mine
ANGLO American's restructuring programme took another small step forward today after it announced it had agreed to sell its 70% interest in the Foxleigh...
Master Drilling targeting high risk, high reward projects
DIVERSIFICATION and a policy of going for 'high risk, high reward'projects are the two key strategies underlying Master Drilling’s business approach according to CEO...