Zuma promises ‘competitive’ mining sector
President Jacob Zuma has promised to keep the country's powerful mining sector "globally competitive".
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.
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.
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.
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.
Kumba FY earnings up on higher iron ore prices
Kumba Iron Ore has reported a rise in full-year profit, boosted by higher iron ore prices and says it expects export volumes to rise in the current financial year.
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.
Nkwe, ARM’s rights standoff continues
Nkwe Platinum says it is still in negotiations over the dispute as to the ownership of certain farms controlled by the company and its majority shareholder, Genorah Resources.