Market to focus on BHP’s capex guidance
Having already addressed the market’s concerns over writedowns of its shale
business, focus will turn to BHP’s capex plans and whether any of its large
projects will be deferred.
Petmin ups stake in pig iron project for $4.5m
Petmin said it had increased its stake in a Canadian pig iron prospect with a
forecast first-phase capacity of 500,000 tonnes/year to 22.5% in a $4.5m deal.
Manuel’s commission asks for policy clarity
The second draft of the National Planning Commission’s development strategy
for SA again leans heavily on the contribution of the mining sector, naming
security of tenure as a key requirement.
SA mining’s difficult jobs
These are the CEOs in whose shoes you’d prefer not to stand as they are slayed
by outrageous fortune.
Xstrata pulls back $1bn on capex
Xstrata will cut $1bn from its original capital expenditure planned for 2012, and
has so far cut unit costs by a net $105m, taking "pre-emptive action' to defend
its margins in volatile market conditions.
Kloppers waives bonus as BHP takes $3.3bn hit
BHP Billiton has taken a $3.3bn hit on its nickel and shale gas assets, a decision
that has prompted CEO Marius Kloppers and the group’s head for petroleum to
forego their annual bonuses.
Red tape heaps delay on Anglo’s Minas Rio
Legal and bureaucratic interruptions would delay Anglo’s Minas Rio iron ore
project once again, with an as yet undisclosed cost impact on the $5.8bn
project.
China pull-back poses threat to “frontier mining’
But for how long? According to Deloitte, China’s insatiable need to urbanise, fill
tummies and provide housing means economic growth shrinkage is but a
passing phenomenon.
Zim’s Tsvangirai pleads for Australian investment
Zimbabwe Prime Minister Morgan Tsvangirai has asked Australia to invest in his
country’s mining sector and ease sanctions on the country.
First sparks fly in silicosis battle
The legal action British firm Leigh Day & Co intends to bring against Anglo
American South Africa on behalf of silicosis sufferers is slowly moving towards its
first obstacle.