Off The Wires

Anglo hires fund manager amid review

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Anglo American hired Jim Rutherford, a fund manager for Capital Group for 16 years to its board amid a strategic review.

Developmental pricing a ‘deal-breaker’: CoM

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Roger Baxter, COO of the Chamber of Mines, said imposing developmental pricing would be "a deal-breaker" for the South African mining sector.

First Quantum closes Kansanshi contract

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Toronto-listed First Quantum Minerals said up to 250 workers at its Kansanshi copper mine in Zambia would be affected after it terminated a contract.

AMCU to resume Amplats talks

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The Associated of Mineworkers & Construction Union sounded a note of optimism saying more talks with Amplats could get the parties closer.

QKR sells 7.5% in Navachab to Epangelo

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QKR Corporation, founded by former banker Lloyd Pengilly, has sold a 7.5% stake in its recently purchased Navachab mine to Namibia's Epangelo Mining.

SA mining grew 2.3% in 2012: Shabangu

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South African mines minister Susan Shabangu said the mining sector grew 2.5% in 2012 which led to the creation of 11,754 jobs.

AEMFC could alleviate Eskom coal woes

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Coal production from South Africa's state-owned mining company could help lower the risk of more load-shedding by electricity utility, Eskom, a government official said.

Renamo, Frelimo shake hands on peace deal

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Mozambique president and head of Frelimo, Armando Guebuza and Afonso Dhlakama, leader of Renamo agreed a peace deal ahead of general elections in October.

Copper up on oil price gains

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Another day of improved oil prices helped copper to a 1.1% increase with analyts saying the outlook for the commodity was helped by better energy prices.

Zim CoM will engage with Mugabe regime

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Zimbabwe's Chamber of Mines would engage with the country's government in an effort to achieve growth.