DMR turmoil deepens as Ramontja quits
The resignation of Thibedi Ramontja, effective end-January, may be a reverberation from the change of mines minister in September.
Glasenberg renews call for lossmakers to shut
Ivan Glasenberg, CEO of Glencore, returned to a favourite theme of why mining firms continue to operate loss-making mines when closures would be easier.
Glencore to chase net debt down to $18bn
Glencore said it would chase net debt down to $18bn or $19bn by end-2016 and unveiled further capital expenditure cuts as low metal prices persisted.
Anglo’s Cutifani playing for time; praying for relief
Analysts emerged from a robust and sometimes brutal question and answer session after Anglo's investor day sceptical the restructuring went far enough.
Anglo culls dividend, plans 60% asset reduction
Anglo American would slash its asset base by 60% and cut capital spending a further $1bn as it redoubled its efforts to survive the metal downturn.
Cutifani grilled in solvency vs. liquidity debate
Mark Cutifani, CEO of Anglo American, said investors liked his strategy and that Minas Rio, an iron ore mine, could be sold as it was not a priority one asset.
South32 Duvha coal supply mine ‘challenging’
South32's head of South Africa, Mike Fraser, said the Wolverkrans Colliery was a "challenging" operation that would be focused to break even.
Slump will force Anglo, BHP dividend switch
Analysts believe that in order to conserve cash, retain credits ratings the world's largest mining firms will sooner or later have to change dividend policies.
Downgrades for miners as tailspin set to persist
Earnings downgrades of major mining companies is inevitable as there's no evidence yet of the sector pulling out of its tailspin.
Transnet takes loco capital spend to R46bn
Transnet raised R12bn from a club of South African banks and investors as part of its 1,064-strong locomotive capital programme.