First Quantum hurt by low copper output
Fourth quarter net earnings are some 83% lower owing to lower copper production
and prices for the metal during the period.
Zimbabwe declines to extend Impala deadline
A letter from Impala Platinum requesting an extension to its indigenisation plans has
been rejected by the Zimbabwean government.
Implats sets Mar. 13 showdown with Kasukuwere
Impala Platinum will set down its final position on Zimbabwe indigenisation on
March 13 in terms of a new extension granted by Saviour Kasukuwere. But why
has the Zimbabwean minister agreed to an extension?
Merafe says chrome export duty imminent
An export duty on chrome ore would help stop the slide in South Africa’s
market share of ferrochrome and protect jobs, Merafe Resources CEO Stuart
Elliot said.
ANC to study 50 percent resource rent tax
The African National Congress said it would study a resource rent tax of up to 50%
as part of policy documents setting out ways to beat high unemployment and
inequality over the next 30 to 50 years.
Fitch affirms diversified miners
Fitch Ratings has affirmed the ratings of the three major diversified mining
companies, Anglo American, BHP Billiton and Rio Tinto.
Uranium One posts record revenue
Uranium One said that despite difficulties in the uranium industry during 2011, the
company was able to post record revenues and an 89% improvement in earnings
from mining operations.
EU says nuclear stress tests completed by mid-year
Stress tests on European Union nuclear facilities would be completed by the mid-
year with EU Energy Commissioner, Guenther Oettinger, saying thoroughness was
essential.
Eastplats hits Q4 wall, impairs for $46.3m
Shares in Eastplats slumped 7% on the JSE as it posted a horror decline in
year-on-year profits, suffered a $46.5m write-down, and said projects might be
rescoped permanently unless third-party funding was acquired.
Glasenberg’s rebuffs calls to lift Xstrata bid
Glencore's Ivan Glasenberg said he hoped people would review the numbers and see
his firm's $36.3bn bid for Xstrata truly represented a merger of equals.