Home News Markets Page 290

Markets

Zimbabwe confirms mines seizure

0
Zimbabwe's cabinet has agreed that the government will takeover all alluvial diamond mining and own a 51% share for other minerals, reports state media.

Hillside workers strike

0
Hundreds of workers at BHP Billiton's aluminium smelter in Richards Bay have gone on strike, demanding better wages and changes in work conditions, a union official says.

Grootvlei illegal miner arrests top 350

0
Police have arrested 358 illegal miners at Aurora Empowerment System's Grootvlei mine after a shootout at an abandoned shaft.

Mittal to spin off stainless steel unit

0
ArcelorMittal has finalised details of a spin-off of its stainless steel division, which may spark consolidation in a sector burdened by over-capacity.

Mittal plans to list stainless steel unit

0
ArcelorMittal plans to list its stainless steel division in the first quarter of next year, according to a report.

Xstrata dismisses Glencore bid rumours

0
Xstrata has never been approached by its biggest shareholder, Glencore, with a merger proposal, says CEO Mick Davis.

Xstrata capex up 50%

0
Xstrata plans to increase spending on new mines by about 50% next year to $6.8bn as the mining group keeps its main focus on organic growth rather than acquisitions.

Aurora: scores of illegal miners nabbed

0
Hundreds of illegal miners have been arrested at the Aurora Grootvlei Mine in Springs, police say.

Anglo finalises $700m Skorpion deal

0
Anglo American has completed the sale of its Skorpion zinc mine to Vedanta Resources.

Rio Tinto in $3.5bn bid for Riversdale

0
Rio Tinto has made a $3.5bn bid approach for Africa-focused Riversdale Mining, sending the target firm's shares surging 16% and setting up a potential takeover battle.