DRC to allow Anvil-Minmetals deal to proceed
Minmetals Resources says its acquisition of Anvil Mining will proceed now that the two firms have reached an agreement with minority stakeholders in the DRC.
De Beers coy on 2012’s prospects
De Beers CEO Philippe Mellier is cautious over the diamond market’s near-term
prospects, saying the group will prioritise maintenance backlogs and waste stripping
this year.
Zuma promises ‘competitive’ mining sector
President Jacob Zuma has promised to keep the country's powerful mining sector "globally competitive".
Platinum on the back foot
The platinum sector has seemingly "caught the gold disease', with difficult days
ahead for both producers and investors.
Rio Tinto dividend surprise masks aluminium hit
Rio Tinto has reported a 6% drop in underlying second-half profits and took a $9.3bn charge mainly against its aluminium business, but appeased investors with a huge dividend hike.
ANC paper deplores SA’s poor skills base
SA’s development plans are bound for failure if the country does not improve its levels
of technical training and technology development, reads the ANC’s document on
mining.
Desperate Aquarius’s share price tumbles
Aquarius Platinum’s earlier warning that its interim figures would be less than flattering
has not prepared the market for the severity of the predicaments the group is facing.
Fear not the ‘Glenstrata’ giant, says customers
Big coal buyers should not fear the merger of miner Xstrata and trader Glencore into a dominant trading force, say customers.
Optimum RBCT coal exports to fall
A combination of industrial action and the relocation of draglines would mean lower
exports from Optimum Coal for the remainder of its financial year.
Zuma doubles TFR budget to R200bn
President Jacob Zuma said rail would account for R200bn of the R300bn Transnet
would spend over the next seven years.