Rio Tinto to invest in driverless iron ore trains
Rio Tinto is investing $518m in driverless trains for its 1,500km Western Australian iron-ore rail network as the world no. 2 iron ore miner aims to boost output 60% by 2015.
Anglo to assess Amplats restructuring
UPDATED: Anglo American CEO, Cynthia Carroll, has lost patience with declining
returns from its listed platinum business, Amplats, and is now considering its "optimal
configuration".
Nkwe unfazed over ARM’s rights threat
Nkwe Platinum has played down the company’s unresolved row with ARM and Amplats,
saying the dispute won’t stand in the way of the company advancing a flagship
project.
Minmetals seals $1.3bn Anvil takeover
China's Minmetals Resources has succeeded with its C$1.3bn bid for Anvil Mining, winning 90% acceptances, says the Hong Kong-listed firm.
Merafe/Xstrata in power deal with Eskom
The chrome venture between Xstrata and Merafe Resources will temporarily shut down five ferrochrome furnances to assist Eskom with power supply constraints.
Gold Fields evaluates options on uranium JV
Gold Fields hopes to make a decision within three months on the way forward for the
proposed West Rand tailings treatment JV with Gold One International.
Anglo, Kumba join West Africa iron ore rush
Anglo American and Kumba Iron Ore have joined forces to eke out possible iron ore
opportunities in Africa, especially the in-vogue West Africa region.
Gold demand up in 2011 – WGC
Gold demand struck 14-year highs in 2011, driven by record investment buying in China, which may overtake India this year as the world's top consumer.
Impala Platinum hit by safety stoppages
Impala Platinum is the latest in a long line of mining companies to report production
losses caused by an increased number of Section 54 stoppages.
African Barrick Gold profit rises, trebles dividend
African Barrick Gold posted a 30% increase in core profit for 2011, as a rising gold price pushed margins to record levels, offsetting the impact of soaring costs.