ANC paper slams carbon tax draft
The ANC discussion document on the state’s involvement in mining has slated
Treasury’s carbon tax proposals, saying such measures would be "extremely
damaging' to SA's economy.
Rio Tinto earmarks $3.4bn for iron ore boost
Rio Tinto has announced a $3.4bn expansion of iron ore mining in Australia, where it has mapped out a plan to lift capacity by more than 50%.
BHP tempers outlook, sees growth slowing
BHP Billiton has reported its first half-year profit fall in two years, hurt by lower commodity prices and higher costs, and says it expects longer-term demand from China to slow.
Nkwe, ARM’s rights standoff continues
Nkwe Platinum says it is still in negotiations over the dispute as to the ownership of certain farms controlled by the company and its majority shareholder, Genorah Resources.
Glencore, Xstrata agree $90bn merger
Glencore and Xstrata have agreed an all-share merger worth $90bn in the industry's largest ever deal, creating a commodities powerhouse spanning mining, agriculture and trading.
Xstrata’s Davis defends ‘cheap’ Glencore deal
The terms of Xstrata’s proposed merger with Glencore are the best within the "realm
of the possible", says CEO Mick Davis.
Gold not a reliable inflation hedge – study
Gold prices have been too volatile to play a reliable role as a hedge against inflation, shows a study of financial assets over the past 112 years.
Amsa reports FY loss, but sees better Q1
ArcelorMittal has reported a full-year headline loss, hit by higher raw material costs and weaker sales, but says it expects a better first quarter.
BHP Billiton mum on Gabon iron ore
BHP Billiton has declined to comment on a statement from the government of Gabon
that it had reached an agreement for the miner to develop a 1 billion tonne iron ore
resource in that country.
CoAL sells 26pc of Chapudi project
Coal of Africa has sold a stake in its Chapudi thermal and coking coal project it is
buying from Rio Tinto to a black-owned company, Rothe Investment.