Anglo declares capex blow out at Minas Rio
More bad news for Anglo American's Minas Rio project with capital costs ballooning to $8bn and analyst expectations first production won't be before 2015.
Motlanthe rails against migrant labour
Deputy president Kgalema Motlanthe has urged mining companies to allow migrant
workers to return to home more frequently.
Shareholder advisories split on Glenstrata
Shareholder advisory services are divided on whether investors should support the
$33bn merger between Glencore and Xstrata that goes to the vote on November 20.
CEOs walk the plank as tide turns against miners
Competition to please investors exacerbates the mining cycle and means the CEOs of
the world’s largest miners face an in-built obsolescence.
BHP begins hunt for Kloppers succession
BHP Billiton is reported by the Financial Times to be starting early in efforts to find a
successor for its CEO, Marius Kloppers.
Marikana tragedy dubbed a “massive policy failure”
Lonmin’s Marikana tragedy has been described by prominent mining industry players
as a massive failure in national and local government policy, as well as corporate
failings.
SA’s mining permit slippages widen in 2012
It’s taking longer to process mining and prospecting permits in South Africa with
more deadline slippages occuring in 2012 than in 2011.
Congo mining code revision not retroactive
A proposed revision of the Democratic Republic of Congo’s mining code, which could
see Government take a 35% stake in projects, would not be applied to existing
mining projects.
SA mine trouble to linger as tension bubbles
Some strikes have been resolved; many continue. What is certain, however, is that
the labour discontent of 2012 is set to be a long-standing feature of the industry.
Anglo needs more SA managers: Gordhan
Pravin Gordhan, South Africa’s finance minister, says Anglo American has an
"umbilical cord' to the country and ought to draw more of its executive from South
Africa.