Battle weary Lonmin slashes capex further
Lonmin has reined in capital expenditure for the next two years by another
23% as the company seeks to map its way forward following the events at
Marikana.
BHP Billiton to raise coking coal output by 50%
BHP Billiton expects its coking coal production capacity to reach 66 million
tonnes a year in 2014, up 50% from 2012, reports news wire service Reuters.
SA shareholders paved way for Carroll’s exit
Anglo American’s biggest shareholders in South Africa have met with Cynthia
Carroll two weeks ago to explain their objections to her management decisions.
Shabangu wants a South African to lead Anglo
Mineral Resources Minister Susan Shabangu says she hopes a South African will be
appointed as successor to Cynthia Carroll at the reins of Anglo American.
Talks on platinum forum lose momentum
Negotiatons on the establishment of a central bargaining platform for the platinum
sector is losing momentum, says a union official, while Amcu refuses to return to
talks.
Anglo’s Cynthia Carroll quits
Cynthia Carroll, CEO of Anglo American since 2007, is to leave the organisation
once
a successor has been recruited, the group has said.
Anglo seeks new CEO as Carroll goes
Anglo American chairman John Parker will start a process to recruit a successor for
CEO Cynthina Carroll.
Genorah to keep Nkwe stake
Nkwe Platinum says the equity stake of its major shareholder, Genorah Resources, is
safe following the lapse of a security lending agreement.
Amplats slashes capex further
Anglo American Platinum has further reduced its planned capital expenditure for
2012 and expects unit costs to outstrip most of its margins.
Harmony says Kusasalethu strike nears end
Further evidence that the wildcat strikes that dogged South Africa’s mining sector
are winding up with Harmony saying its Kusasalethu mine had a good turnout this
morning.