Sunday, September 23, 2018

The volatile iron ore market notwithstanding, Anglo American expects its Minas Rio iron ore mine to be highly cash generative.

South Africa may implement water restrictions in provinces most affected by a drought - the worst since 1992.

Pressure on the gold price was set to continue based on the trading activity in the New York futures market in which speculators increased their bearish wagers.

Mick Davis' X2 Resources was the last remaining bidder for control of two Rio Tinto Group coal mines in Australia.

Graham Briggs, CEO of Harmony Gold, said it was seeking further BEE deals and that it more than complied with the targets set down in the mining charter.

Coal of Africa said it was granted permission by the Australian listing authorities to vary the conditions of its R1.29bn bid for Universal Coal.

The proposed merger has been held up by a liquidation order by JIC Mining against PhokaThaba, a subsidiary company of Platinum Australia.

New regulations for cutters and polishers will aim at improving the financial sustainability of the sector which suffers from credit problems from time to time.

Anglo American Platinum said it had enough stockpiles to continue supplying customers notwithstanding the strike which headed into its tenth week.

Production of export-dedicated coal from Anglo American's Kleinkopje mine entered its third day, the group said.