China pull-back poses threat to “frontier mining’
But for how long? According to Deloitte, China’s insatiable need to urbanise, fill
tummies and provide housing means economic growth shrinkage is but a
passing phenomenon.
Amsa sets out fresh Kumba iron ore dispute
Nonkululeko Nyembezi-Heita said the Phoenix project was part of Thabazimbi, a
mine from which it has a supply agreement.
Firestone concludes A$40.7m finance deal
The A$40.7m convertible note finance deal introduces a new major shareholder
into Firestone Energy, and finances its Waterberg Coal Project to completion of
a bankable feasibility study.
Zim’s Tsvangirai pleads for Australian investment
Zimbabwe Prime Minister Morgan Tsvangirai has asked Australia to invest in his
country’s mining sector and ease sanctions on the country.
Kumba to extract 24-month payback on Kolomela
Kolomela, the nine million tonne/year iron ore mine which is perhaps Kumba
Iron Ore CEO Chris Griffith's finest achievement, will provide payback in two
years owing to its early commissioning.
Anglo to buy $555m stake in Mozambique coal
Anglo American is to join rivals Rio Tinto and Vale in Mozambique’s coking coal
industry in a deal valued at $555m for the 1.4Bt Revuboe project.
Amplats slashes capex, lowers 2012 output
In an effort to preserve its balance sheet in these difficult times, Amplats has
slashed capex R700m amid signs its group review is intensifying.
DiamondCorp loan approved for Free State mine
DiamondCorp said it hoped to strengthen funding for its Lace mine development
following inquiries for offtake from diamond buyers.
Ominous for Aquarius as axe is sharpened
Troubles mount for Aquarius Platinum amid a cash negative performance from
its Kroondal mine; an operation it shares with Amplats.
Amplats, the first of torrid reporting season
Amplats is the first of several South African platinum miners that will post torrid
results, resulting from an oversupply of the metal which is depressing its dollar
price.