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.
SA’s latest platinum hopeful, Sable, lists on JSE
Sable Platinum said it intends to list on the JSE on September 17 in a reverse
takeover of cash shell, New Corpcapital.
Kumba positive on West Africa as market cools
Normality has returned to the West Africa iron ore exploration sector, said
Kumba Iron Ore, which is seeking "a second footprint' in the region.
Cash-strapped cutters embrace De Beers offer
A lack of bank liquidity and difficult trading conditions means sightholders are
likely to jump at the chance of deferring up to 50% of rough diamond sales,
says De Beers CEO Philippe Mellier.
Nicolau goes as Anglo rings the changes
UPDATED: A difference in opinion over the extent of changes needed at Anglo
American Platinum is the likely reason for the departure of the group’s CEO,
Neville Nicolau.
Tshipi manganese mine to get R84m injection
Jupiter Mines' Tshipi manganese mine is due to start first production in the
fourth quarter after raising R84m from shareholders; enough for working capital
purposes.
Zim revenue slide blamed on Marange leakage
Zimbabwe finance minister Tendai Biti said the slide in the country's first half
revenue figures was owing to the country not getting its pound of flesh from the
controversial Marange diamond fields.
ArcelorMittal to appeal R241m Kalahari award
The European steelmaker has put the skids under the R10.7bn manganese
beneficiation project after it applied leave to appeal a South Gauteng Court decision
last month.
Kalahari to force ArcelorMittal to pay R241m
The legal dispute between Kalahari Resources and ArcelorMittal has ratcheted up
another notch, raising more questions as to whether SA will ever get a
ferromanganese smelter.