Anglo to assess Amplats restructuring
UPDATED: Anglo American CEO, Cynthia Carroll, has lost patience with declining
returns from its listed platinum business, Amplats, and is now considering its "optimal
configuration".
Village promises First Uranium dividend
Village Main Reef says it will pay a special dividend to shareholders if its exposure to
First Uranium gets crystallised into cash. Shareholders may also score from the likely
sale of Cons Murch.
Philippine mining rule change slammed
Big business groups have criticised a Philippine government plan to raise revenue by imposing new taxes on mining companies and reviewing their contracts.
Base Resources puts Kenya on mining map
Australian-listed Base Resources is developing a heavy mineral sands mine in Kenya
which will be of critical importance to the future of the country’s mining sector.
DRC to allow Anvil-Minmetals deal to proceed
Minmetals Resources says its acquisition of Anvil Mining will proceed now that the two firms have reached an agreement with minority stakeholders in the DRC.
Zim, Guptas part ways
Lazarus Zim has confirmed that he severed all business ties with the Gupta family last
year, ending a relationship plagued by controversy.
Zuma promises ‘competitive’ mining sector
President Jacob Zuma has promised to keep the country's powerful mining sector "globally competitive".
Zuma doubles TFR budget to R200bn
President Jacob Zuma said rail would account for R200bn of the R300bn Transnet
would spend over the next seven years.
Rio Tinto dividend surprise masks aluminium hit
Rio Tinto has reported a 6% drop in underlying second-half profits and took a $9.3bn charge mainly against its aluminium business, but appeased investors with a huge dividend hike.
ANC paper deplores SA’s poor skills base
SA’s development plans are bound for failure if the country does not improve its levels
of technical training and technology development, reads the ANC’s document on
mining.